Choosing the right platform for your vacation rental property is more than just a decision, it’s a strategy for success.
In the bustling world of vacation rentals, two giants stand out: Furnished Finder and Airbnb.
But which one is the better choice for hosts like you?
This article dives deep into the Furnished Finder vs Airbnb debate, offering a comprehensive comparison.
Discover which platform aligns with your hosting goals and maximizes your rental’s potential.
Can You List on Both Furnished Finder and Airbnb?
Can’t decide on where to list your vacation rental? Why not list it on both platforms?
Yes, that’s right. You can list your property on both Furnished Finder and Airbnb. Listing on multiple platforms can increase your reach and potential bookings.
However, it’s essential to be aware of the potential drawbacks, such as the risk of double bookings and the challenge of managing multiple platforms simultaneously.
To streamline this process, consider using a channel manager, which offers calendar synchronization, preventing double bookings, and a unified inbox for managing inquiries and messages from different sources.
What is Furnished Finder?
Furnished Finder offers short-term furnished housing for travel nurses and business travelers, with an average stay of 92 days.
It has been a valuable resource for corporate housing and medical staffing companies in the United States, and property owners can list accommodations for healthcare travelers since it was founded in 2014.
Furnished Finder has become the largest no-cost housing resource for these professionals and provides a white-label map for staffing companies to access and share inventory.
What is Airbnb?
Founded in 2007, Airbnb started as a way for two hosts to welcome three guests to their San Francisco home.
It has since grown into a global platform with over 4 million hosts, facilitating over 1.5 billion guest arrivals worldwide.
Hosts on Airbnb offer unique stays and experiences, connecting guests with communities in an authentic way.
Furnished Finder vs Airbnb: An Overview
In this post, we’ll dive into the key differences between these two listing sites. Here is a brief take on what we’ll be reviewing:
|Costs for Hosts
|Annual listing fee of $99
Suggested upfront rent and cleaning fee
|3% service fee based on booking subtotal
Additional guest service fee of around 14%
|Reach and Getting Bookings
|Caters to professionals with 30+ day stays
Ideal for extended business travelers
|Attracts travelers looking for a localized experience
Guests aim to “live like a local”
|Host Protection Insurance
|Doesn’t provide insurance
Hosts are responsible for obtaining insurance
|Provides $1 million coverage for guest injury or property damage
Claims process available with Airbnb’s insurer
|Policy not publicly disclosed
|Airbnb charges hosts for cancellations based on timing
Minimum cancellation fee of $50 USD
|Host Customer Support
|Responsive customer support
|Responsive customer support
Furnished Finder vs Airbnb: Costs for Hosts
Let’s delve into a comparative analysis of the hosting costs associated with Airbnb and Furnished Finder:
Regarding costs, Airbnb charges hosts a 3% service fee, which is calculated based on the booking subtotal. The subtotal includes your nightly rate and any additional charges you set, like a cleaning fee.
This service fee doesn’t cover Airbnb’s fees and taxes. On the guest side, they typically pay around a 14% service fee based on the booking subtotal.
If you are looking for a platform with customizable pricing and don’t mind different fees, choose Airbnb.
On the other hand, Furnished Finder keeps things straightforward for property owners. They require an annual listing fee of just $99, without any commissions or booking fees.
To protect your hosting expenses, Furnished Finder suggests asking for one-third of the rent upfront and a one-time cleaning fee of roughly $125. These fees help ensure you’re financially covered, as hosting can be costly.
If you want a straightforward and cost-effective option with a fixed annual listing fee, use Furnished Finder.
Furnished Finder vs Airbnb: Reach and Getting Bookings
When it comes to reaching your target audience and getting bookings, the platform you choose can make a significant difference. Here’s a comparison:
Airbnb Guest Profile – Airbnb caters to travelers seeking alternative lodging, offering a more localized experience. They attract tourists looking to “live like a local” and immerse themselves in the local culture. If you can provide unique, immersive experiences, Airbnb might be your choice.
Furnished Finder Guest Profile – Furnished Finder targets professionals traveling for work, emphasizing long-term stays of at least 30 days. If you have properties suitable for extended business travelers, this platform ensures a consistent flow of tenants throughout the year.
Furnished Finder vs Airbnb: Host Protection Insurance
Next, we’re sharing how each platform safeguards its hosts and the nuances that differentiate their coverage:
Airbnb provides $1 million in coverage if you’re legally responsible for a guest’s injury or damage to their things during their stay. It also includes co-hosts and cleaners.
This covers injuries, property damage, and common area damage caused by guests but doesn’t cover intentional acts or damage to your property. To make a claim, use Airbnb’s insurance intake form.
Furnished Finder, on the other hand, doesn’t offer insurance for property owners.
You’re responsible for getting enough insurance to protect your property and guests. You need it before your first guest arrives and must keep it during their stay.
You might have to show proof of coverage if asked. Furnished Finder doesn’t provide insurance for hosts; it’s your job to get the right coverage.
Hosting Tip! We highly recommend you have your own vacation rental insurance in addition to what these platforms provide for extra protection and peace of mind. Explore our guide on the best insurance options and request a quote from Proper Insurance for extensive vacation rental coverage.
Furnished Finder vs Airbnb: Cancellation Policies
Now, we’ll compare the cancellation policies of Airbnb and Furnished Finder:
Airbnb Policies – Hosts who cancel confirmed reservations on Airbnb will be charged a fee.
The amount of the cancellation charge varies depending on when the reservation is canceled, with a minimum of $50 USD. For example, 50% of the total reservation price for the nights not stayed is charged if a reservation is canceled 48 hours or less before or after check-in.
Furnished Finder Policies – Furnished Finder’s cancellation policy is not publicly disclosed, but it’s worth noting that Airbnb’s policy may not be very flexible for hosts.
Furnished Finder vs Airbnb: Host Customer Support
Airbnb and Furnished Finder both offer responsive customer support.
But make sure to read reviews and gather insights from other hosts before reaching out to customer support on either platform.
Reviews can provide valuable information on the quality of assistance you can expect.
In summary, the choice between Airbnb and Furnished Finder depends on your specific hosting needs.
If you’re looking for a platform that offers flexible pricing and caters to travelers seeking unique and immersive experiences, Airbnb is for you.
On the other hand, if you prefer a straightforward fee structure, a focus on professionals requiring extended stays, and a dependable source of tenants, Furnished Finder is the way to go.
You can also enhance your exposure by listing on both platforms simultaneously with a channel manager. Ultimately, select the listing site that aligns best with your hosting goals. Another route you can take is to build a website for your vacation rental and offer direct booking.
If you’re exploring more options, be sure to check out our post on the best listing sites to expand your reach even further.
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