Do you enjoy meeting people from around the world? Do you want to make extra money with relatively little work?
If so, I recommend hosting your space on Airbnb!
Airbnb hosts can make an average of $2,000 profit per month for each space they have listed on Airbnb.
Before we get started, make sure to sign up for my free resource library and get access to exclusive printables all about saving money and building wealth, meal planning, and more.
1. For those who don’t know, what is Airbnb?
Airbnb allows people to travel more affordably by providing a gateway to connect travelers with people who have excess space in their homes.
It is an online booking platform where people who are traveling can stay with you.
Whether hotel rooms are sold out, or they are just more comfortable in a home-type setting, people they can find your listing when they search for accommodation in a particular area, contact you to ask questions and then, if your nightly price is in their budget range, they can reserve your spare bedroom for the time it is needed.
Think of it like Uber, but for accommodations.
2. Why should people think about hosting on Airbnb to make extra money?
To date, it is the quickest and easiest way to make (basically) passive income that I have found.
Instead of getting a second job, that will take extra hours and energy out of your week, you can simply make the same amount (or more) by letting someone sleep in your extra room while they are in town.
The only effort is to keep your place presentable for guests.
For me, having an extra $500 a month and not having to work to death to get it made my life so much easier and more enjoyable.
3. What can someone expect to make as an Airbnb host?
For me, living in the northern Virginia area, my lowest month was about $600 and my best month was a little over $2,000.
If you live in a city, or by a special tourist attraction, I would highly recommend considering renting out your place as you will likely get a similar result.
4. How soon can someone get started as an Airbnb host?
This is the best part. Once you sign up and create an awesome profile – you could have your first guest by the end of the week!
5. What would you say to someone hesitant on sharing their space on Airbnb?
This is a normal feeling.
Airbnb knows that and has put a few things in place to help ease the host (and guests) mind.
- Hosts are automatically insured for up to $1 million
- You can set your guest qualifications:
- People who have only great reviews
- People who have their government ID on file
6. How can someone get started as an Airbnb host?
Getting started as a host is the easy part. It is achieving a high ranking in the search and creating an appealing profile that can be the tricky part – and this is where the money is made.
While hosting, I became obsessed with learning how to make the most money from my listing – it worked but took a ton of time and energy scouting out every free resource on the internet.
If you’re reading this and still aren’t interested in hosting your pad on Airbnb, I recommend trying out Airbnb at least once!
Don’t forget to sign up for the free resource library and get exclusive access to free printables & planners related to saving and making money, meal planning, and more!
You can use my link here for $40 off your first booking.
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