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The Benefits of Hosting an Airbnb in Toronto

Posted on: April 6, 2019 | Spaces Toronto October 21, 2019

Every year, millions of tourists visit Toronto to experience the city’s sites, culture, food and more. As a Toronto local, you can get in on the Toronto tourism scene by opening your home as an Airbnb. So, what is Airbnb and why should you consider becoming a host? Keep reading this article to find out!

What is Airbnb?

Haven’t heard of Airbnb? Airbnb is an awesome app that is mutually beneficial for both tourists and locals. With the app, homeowners and are able to rent out space in their home for generally less than the cost of a stay in a hotel. This provides more of an affordable option to tourists and travelers.

Toronto Airbnb Hosting Perks

  • Extra income: While there are many other benefits of hosting an Airbnb, the extra income is normally what initially attracts Airbnb hosts. Depending on how popular your area is and the amenities offered, you can make quite a bit of extra income. This income can be used to pay off your home quicker, travel or retire early.
  • Meet new people: Hosting an Airbnb is a great way to meet new people from all over the world. This can not only help you to learn more about the different cultures from all over the world, it can also be a valuable experience. Many people describe meeting new people as the number-one perk of hosting Airbnb.
  • Learn more about your home town: As an Airbnb host, renters will often ask you for recommendations on places to eat or activities to do. During the weeks leading up to your first guest, try to take note of some places in the local Toronto area that you enjoy. In return, you will likely hear about different restaurants, events and activities happening all over the area from your renters.
  • Schedule flexibility: Unlike a typical job, you decide when you want to work. If you want to travel and do not want people in your home, you’re able to block off those weeks. When you decide you’re done hosting, you can simply de-list your home.

Organize Your Home with a Storage Unit Rental!

Before renting your home out as an Airbnb, thoroughly clean it and prepare it for guests. It is important to know that Airbnb guests will rate their stay with you, which can impact future rentals. While this by no means you want to spend hundreds of dollars redesigning your home, it does mean you should make sure it’s ready for guests. Before opening your home to your first Airbnb renters, it is important to take the time to clean and declutter your home. If your home is too cluttered or disorganized, it may rack up some negative points with renters.

When hosting an Airbnb, it is a good idea to get a storage unit rental to store out-of-season and unneeded items. Spaces Self Storage has storage units in downtown Toronto, located on Eastern Avenue. Our storage facility offers a wide variety of storage unit sizes, including the 5×5, 5×10 and 10×10 storage unit. Reserve a storage unit today!

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