Airbnb can be a great way for travelers to save some money while seeing the world, and an equally good way for hosts to make some money while facilitating those journeys. However, Airbnb can be quite costly if you aren’t careful. That’s because hosts ultimately charge the prices for various living spaces, and guests can also drive up the bills for hosts by using their resources without consideration.
Below, you’ll find a series of strategies you can employ to reduce your bill from Airbnb regardless of whether you’re a renter or a host.
Renting is, unfortunately, a lot more locked in terms of price than hosting. Hosts get the final say when it comes to costs.
It’s always a good idea to filter your Airbnb app selections for affordable properties or certain price caps. This will prevent you from seeing attractive properties and filling out an application for a space before you notice the high price tag.
You can even filter for location or for certain features. For instance, hosts that offer lots of amenities might try to stick you with an additional bill if you take them up on those bonuses. Try to find hosts that keep things simple and you’ll be less likely to be charged extra.
Hosting comes with many more ways to save money, which makes sense since they’re the ones who technically get “bills” because of their Airbnb activities.
For starters, keep a sharp eye on all your monthly utility bills. It helps to break down every item on your bill, especially so you can see what you and your family or other living partners might use as opposed to your guests. Look at:
The point of breaking down your bill is to help you understand all your costs and see where you can cut back. For instance, you might be being charged an exorbitant Internet bill if your guests use a lot of data. You can potentially alleviate this extra cost by switching Internet providers.
Choosing a company that has a higher data cap will be better for your wallet while still allowing your guests relatively free access to the Internet.
Many guests are somewhat inconsiderate when it comes to temperature across your home. You can install a temperature controller like a Nest device, which prevents them from fiddling with the thermostat without your permission. This way, even if they try to change the temperature, they won’t be able to and won’t raise your bill as a result.
You can also have something of a compromise and allow your guests to change the temperature of their living areas, but not the whole home. Alternatively, you can go with portable heating or cooling solutions like air-conditioning window units or space heaters for added flexibility (though this may raise your electric bill).
Solar power is both efficient and cost-effective. Replace as much energy use with solar installations as you can, and you’ll be charged less for electricity and get a tax break.
As mentioned, you can change your service providers for your various utilities or for things like your Internet. There are often promotions or deals going on to entice new customers, so take advantage of these if it looks like one provides better costs for Airbnb hosts.
Lastly, you can change many of the lightbulbs in your home with compact fluorescent varieties to replace your incandescent bulbs. This is not only better for the environment, but it also lowers your electric bill by a noticeable amount.
If you need help lowering your bill from one of your providers or contacting Airbnb or another organization for a tax break, FairShake might be able to help. Contact us today and one of our agents will be in touch shortly!
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