Carolyn Hocquard is seen outside her home that she periodically rents out through Airbnb to cover her rent in Halifax on Nov. 10, 2019.Carolyn Hocquard wanted to make some extra cash to cover rent, when her mom moved out of their downtown Halifax home four years ago.
Hocquard, however, recommends Airbnb hosts search other properties in their area to get a sense of prices and use them as a benchmark.Hocquard, who credits Airbnb with helping her save enough to buy a property, began charging $35 per room per night, but now her lowest price is $55 and her highest is $80.
When toying with prices, Hocquard says to keep in mind that Airbnb takes a percentage of every booking.Hocquard only has two rooms, which she rents separately, but hosts with more space can charge more, she says. Unusual properties like treehouses, villas, castles, geodesic domes and even planes or boats are known to fetch a premium.“A lot of people will lower the price at the last minute to try to fill it up.
She also builds in time to spruce up her place. She closes her home to Airbnb in January, February and March to redecorate and prepare for the upcoming season.
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