416. Hosting Hotline: Turn One Property into Two Listings on Airbnb
Welcome back to the Hosting Hotline! This is an Ask Me Anything where each week we’ll answer your questions on Airbnb, STRs, real estate, and everything in between.
Chrissy asks:
Hi Annette and Sarah. This is Chrissy, the host of the Costelli Corner, a Scandinavian themed Airbnb in East Nashville. First, I want to thank you both for the thanks for visiting podcast. You both were huge help in our first year as hosts, helping us hit milestones. Like superhero status and ranking in the top 1 in our area. So, our question stems from a remodel we are doing in our Airbnb finishing this space to include a second room, which we're outfitting with a twin bed, a trundle, and an office setup. This allows us to market the property as a two-bedroom, one bath space, ideal for small families or workers or musicians. We're thinking of offering the space as a flexible parent child model where the full two-bedroom parent listing and a one-bedroom child listing for smaller groups. This way we could prioritize booking the two-bedroom but still open up availability for the one-bedroom option if we see fewer bookings coming in the full space. So, our question is about the best way to approach this change on the Airbnb platform. Should we update our current listing to the two-bedroom layout so we can retain our reviews and momentum and create a brand-new listing for the one-bedroom option? Is there a best practice for transitioning a listing like this while maximizing flexibility and maintaining a momentum to yield the best results? We'd love your advice. Thanks.
(00:00) Introduction
(01:27) Listener's Question
(02:42) Understanding Parent-Child Listings
(04:16) Advice on Listing Strategies
(07:54) Maximizing Revenue with Bed Configurations
(09:13) Conclusion
Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah and Annette, submit your burning hosting questions at: hostinghotline.com.
Resources:
• Click here for full show notes
• Video: How to Get Your Airbnb Listing Seen by More Guests (And Earn More!)
• Airbnb Essentials Checklist: hostchecklist.com
Mentioned in this episode:
StayFi | Go to www.stayfi.com and enter TFV to get 50% off your first three months.
Quiz | Take our quiz to reveal your hosting personality style!