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I’m relatively new to Airbnb hosting and was surprised by the costs that pop up that I didn’t initially consider. Can anyone share some of the hidden costs I should be budgeting for as a host? I want to make sure I’m not missing anything important.
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Hey! As a new Airbnb host, I totally get how unexpected costs can pop up. A few hidden expenses I’ve learned to budget for include cleaning fees, replacement items (like towels or linens), and even seasonal maintenance for your property. One great tool I’ve used to stay on top of these costs is the Smarthost Referral Program https://www.smarthost.co.uk/referrals It helps track your expenses and income efficiently, ensuring you don’t miss anything important. It’s been a game-changer for me in managing my finances and staying organized for tax purposes!
Another cost to watch for is the Airbnb service fee, which can range from 3% to 5%. I also recommend factoring in insurance – Airbnb’s coverage isn’t always enough, so you might want to look into additional property or liability insurance. Lastly, don’t forget about seasonal costs – heating in the winter, air conditioning in the summer, or extra cleaning if you're hosting for longer stays.
