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Everyone kept saying I could earn more money as an Airbnb host. This is higher than my starting salary at my first job after college ((*Note: I’m calling this the “Airbnb Experiment” for the sake of ease, although — as you can see — bookings also come from — Vacation Rental By Owner — associated with Home and Vacation Rent Payment.com) Naysayers love uttering defeatist statements like, “In this economy, it’s impossible boost your income! Let’s peek at the Airbnb and VRBO-specific expenses.
Unexpectedly, many of them book the unit at full price. I assume your chance of securing a last-minute reservation is slim.This is Chapter 4 of The Airbnb Series — the juicy details of life as an Airbnb host. 🙂 More importantly, what advice would I share with others who want to try this?Before you read this, check out Chapters 1, 2 and 3 — or download the free guide, below, to get all four chapters in one convenient Background for New Readers: I’m a “mom-and-pop” landlord.Alright, if you’re super-into the idea of Airbnb hosting — don’t miss this next section.Here’s the culmination of a year’s worth of (hard-won) wisdom. Here are 10 lessons I’ve learned as an Airbnb Host.My theory is that they’re comfortable asking because: “I understand your budget might be tight.
I recommend searching Airbnb for listings that are in shared units (roommate-style), which are cheaper than renting a private home.
traditional long-term leasing, after adjusting for the added expenses. (By the way, if you’re interested in hosting, check out these amazing tools for Airbnb hosts.) This is remarkably similar to the monthly average I concluded during the 8-month update, which shocks me, since I had a three-week vacancy in December around the holidays.
We’re analyzing a larger sample size, so outlier months don’t skew the results as much.
For example: Technically, Airbnb says that the host should provide enough consumables to get started for a week, and long-term guests should replenish supplies.
When long-term guests ask for more laundry detergent or trash bags, I could theoretically point to that page on the Airbnb site, and say, But why act petty? It takes 10 minutes, it costs $5, and it results in a happier guest. Remember, you’re selling an experience, not just four walls and a roof.
I’ve done most of the housecleanings myself, although I don’t recommend this.