I can’t even tell you how thrilling the idea of making money with Airbnb is to me. Reading stories of people who needed extra income or wanted to pay off debt and were able to successfully do it through Airbnb is just crazy exciting. Hosting with Airbnb was never something I considered to be an option for our family because we don’t live somewhere awesome like New York City or San Fransisco. Who in the world would want to stay in our tiny, little suburb? As it turns out, quite a few! While it might not be the top-of-the-market, homes in my area stand to make up to $1,400 per month through hosting with Airbnb. Sure, the travelers would be few and far between, but a couple hundred extra bucks couldn’t hurt, right? I decided to do a little digging to see how to successfully start hosting (and making money) with Airbnb, here’s what I found…
*This post contains affiliate links through which I may make a commission. However, all thoughts and opinions are my own.
When there are so many options out there to list your home through, why do so many people wind up choosing Airbnb? Here are some of the perks:
Getting started with a listing is simple and totally free, plus hosts get final say in what they charge, when they host and what they host. Not to worry though, Airbnb will give you total guidance as well as a suggested price range. See how much you could be making.
Getting started with being an Airbnb host is very simple. It’s free to get your listing started. Naturally, you are going to want to make the best profile possible, and there are several things you can do to do that.
After reading several stories from different Airbnb hosts, there were a lot of different helpful tips on what to do when you’re first starting out.
It might be a good idea to pitch your listing to friends and family. See what input they have, especially if they know your space. What features do they love? What areas would they choose to highlight? You don’t have to go overboard, but you do want to take your time and make sure you’re appealing to your audience. Get started right now.
Just getting a listing started will ensure that you start making money, but you want to make sure it’s profitable enough to be worth your time and energy! Experience Airbnb hosts had some great ideas on how to do this while still keeping a reasonable price range.
After really doing my research, it makes sense to me why a lot of these practices are used across the Airbnb platform.
If you have ever worked retail, you know what they say, “The customer is always right.” This doesn’t mean you should allow your travelers to walk all over you, but if they have a complaint, be willing and open to listening. Being kind and courteous is more likely to get you a positive response and a good review. Beyond just common courtesy, here are some additional ideas to consider:
Just like anything else in life, it can’t all be rainbows and sunshine, right? So what are some of the downfalls and potential drawbacks of being an Airbnb host?
There are measures you can take, beyond Airbnbs $1,000,000 insurance coverage, to make sure you and your possessions are safe.
Opening your home to strangers is definitely something you need to think about beforehand. Make sure you weigh all your options. While this extra stream of income could allow for more travel or assist you in paying off your debts, it very well not be worth the trouble. It’s an appealing idea if you have the space available for hosting, but you definitely need to be smart before making the leap.
Use my $40 Airbnb credit to book a room or house!
Renee is the blogger behind The Fun Sized Life. After downsizing with her family, she also took the time to get serious about he finances. Now she is sharing the wealth with all of her readers.