In the US, the rental market is extremely competitive, with more than 30,000 new Airbnb listings coming online every month.
With so many hosts, it is easy to forget how much more competition there is out there, and how much easier it is to find a place to rent.
For example, one Airbnb host recently found himself in the middle of a bitter dispute between a local developer and the owner of a nearby building.
With a short list of hosts on the market, and little to no warning about what to expect, he was forced to sell the property on the cheap.
To get around this issue, some hosts have tried to sell their properties on Airbnb, but they often end up paying too much for their services, making the experience far less pleasant than renting out their own space.
In this case, however, the host did not want to lose his business, so he sold his home.
“I didn’t want to be the victim of the developer’s decision to sell, so I sold the apartment and then I put it in a storage locker,” he says.
“When I came out, it was a lot easier than renting.”
The next step was to sell off the property and start over with a new business.
With no previous experience or capital, it took a little bit of work to set up a new Airbnb business.
“The main thing was to have a website, and to have some sort of website presence,” he explains.
“You also need to have enough cash to do the paperwork.
And you need to know what you need, so that you can buy a lot of equipment and start the business.”
As soon as he started the new business, he had enough money to pay for the website and start building his new business with the assistance of his friends.
“They were all very helpful, because I had to spend a lot more time doing the paperwork,” he adds.
“There were a lot that I had done, but there was a whole lot more I needed to do.”
He used the money he saved to buy new tools, equipment, and building materials.
He now uses these items to complete the business and make sure that it can continue to operate without the assistance from his friends and the landlord.
The next steps are always a bit tricky, but Akari has learned a lot about what he needs to do to succeed.
“A lot of times, I would get in touch with someone from the hotel management, and they would just give me advice about what the situation was,” he remembers.
“But that doesn’t always work.
So I started thinking about what I need to do, what the tools are, what I want to buy, what equipment I want, what space I want and how I want it to be organized.
And I started to think about what can I do to make it more attractive to the clients, to make them understand that they can get it at a lower price than I am, because there is a lot less competition.
That’s how I got it going.”
Akari’s experience has taught him a lot.
“With a business like mine, if you want to keep it going, you have to do it on your own terms,” he tells The Next World.
“If you want your home to be a destination for tourists, you need the right tools, the right equipment, the best people, and the best location.
It is not always easy, but if you do it the right way, it can be a huge success.”
In the future, Akari hopes to be able to continue to host businesses from his home, and he is not yet sure how long he will be able do that.
But, he is already looking to hire more people for his business.
Sources: The Next World – “A Tale of Two Houses” – The Business of Home, “The Secret Life of Airbnb” –