Starting an Airbnb Business: Setting Up A Short Term Rental for Success
4 minute read
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June 19, 2024

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Creating a successful short-term rental (STR) property goes beyond simply buying the right location.

Setting up a short term rental involves creating a memorable and welcoming environment that guests will love and want to return to. Let’s dive into how you can furnish, decorate, and prepare your property to stand out in the competitive STR market.

How Do You Furnish an STR?

Furnishing your STR property effectively involves a balance of functionality, comfort, and style. Here’s a guide to help you get started:

1. Invest in Quality Furniture: Durable, high-quality furniture is a must. It not only lasts longer but also provides better comfort, which enhances guest satisfaction. Consider items like a sturdy bed frame, a comfortable mattress, and a solid dining table.

2. Opt for Versatile Pieces: Choose furniture that serves multiple purposes. For example, a sofa bed can provide extra sleeping space, and a dining table can double as a workspace.

3. Prioritize Comfort: Ensure that sofas, chairs, and beds are comfortable. Provide ample pillows and blankets to enhance the cozy factor.

4. Include Storage Solutions: Guests appreciate having places to store their belongings. Include dressers, closets, and storage bins.

What Amenities Should You Offer?

Offering the right amenities can set your STR apart from others and create a better guest experience. Here are some must-have amenities:

1. Wi-Fi: High-speed internet is essential for modern travelers, whether they’re on vacation or working remotely.

2. Kitchen Essentials: Equip the kitchen with all the basics—pots, pans, utensils, a coffee maker, and perhaps some pantry staples like spices and cooking oil.

3. Entertainment Options: A smart TV with streaming services, books, and board games can make the property more appealing.

4. Bathroom Supplies: Provide toiletries like shampoo, conditioner, and body wash, along with plenty of fresh towels.

5. Laundry Facilities: If possible, offer a washer and dryer. It’s a big plus for guests, especially for longer stays.

How to Create a Welcoming Environment When Setting Up a Short Term Rental

Creating a welcoming environment is about making guests feel at home from the moment they walk in. Here’s how you can achieve that:

1. Personal Touches: Small details like a welcome note, a basket of local snacks, or a guidebook with recommendations can make a big difference.

2. Cleanliness: Ensure the property is spotless. Cleanliness is one of the top factors that influence guest reviews.

3. Stylish Decor: Choose a cohesive design theme that reflects the location and the type of experience you want to offer. Use artwork, throw pillows, and rugs to add personality.

4. Comfortable Atmosphere: Pay attention to lighting. Soft, warm lights create a cozy ambiance, while natural light can make the space feel bright and inviting.

5. Outdoor Space: If you have a patio or garden, furnish it with comfortable seating and maybe a grill or fire pit. Outdoor areas can significantly enhance the guest experience.

How to Prepare Your Property For Guests When Setting Up a Short Term Rental

Preparation is key to ensuring a smooth experience for both you and your guests. Here are some steps to consider:

1. Create a House Manual: Provide detailed instructions on how to use appliances, Wi-Fi information, check-out procedures, and emergency contacts.

2. Stock Up on Essentials: Regularly check and restock essential items like toilet paper, paper towels, cleaning supplies, and kitchen basics.

3. Implement a Smart Lock System: Consider using a smart lock for self-check-in and check-out. It offers convenience and flexibility for guests.

4. Regular Maintenance: Conduct routine maintenance checks to ensure everything is in working order. Fix any issues promptly to avoid negative reviews.

Conclusion

Setting up a short term rental for success involves thoughtful planning and attention to detail. By investing in quality furnishings, offering essential amenities, creating a welcoming environment, and preparing your property thoroughly, you can provide an exceptional guest experience that leads to positive reviews and repeat bookings.

Have you recently set up a short term rental property? Share your before-and-after photos and experiences in the comments below. Your journey could inspire others looking to enter the short term rental market!

Our advise is based on experience in the mortgage industry and we are dedicated to helping you achieve your goal of owning a home. We may receive compensation from partner banks when you view mortgage rates listed on our website.

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