How to make money with Airbnb

How to make money with Airbnb

You may have an extra room in your house, a space that can accommodate one or two more people on a temporary basis. Did you know that you can make some money out of this? Did you know that you can accommodate people temporarily, rent them some of the space in your house and make some money to augment your income?

Do you spend time away from home? You can also make money through renting out the house for the period that you will be away.

I know you may be asking how do I do this and how do I ensure the safety and security of my house when I rent it out to strangers? The answer is Airbnb.

Airbnb is a peer to peer temporary rental where you give people accommodations for a number of days in your house. There are people who go on a holiday and would like to stay at home in a family setting. There are students in college who prefer home stays instead of hostels and there may be couples on a budget looking for a cheaper alternative to hotels. You can take advantage of these opportunities to make some money out of the unoccupied space in the house.

Airbnb connects you with people who may be looking for this type of accommodation. All you have to do is open an account on the platform, provide details of the facilities which are available in your package and wait for people who are interested to contact you. You don’t have to spend time looking for tenants or people to rent your room.

Listing your services is free, and you will be responsible for selecting the potential guests. It’s also up to you to set the price, but you should ensure that the charges are not above the local rates. This will make your property attractive. Airbnb only charges a minimal fee, which you only pay when you have some clients. To ensure safety and security, you are allowed to vet the guests before they take up the accommodation. You will be charged with the role of providing basic services as well as agreeing with clients on how additional services can be provided.

This is a flexible way to earn an extra income, you already have the space and above all it’s unutilized. You will only be making good use of it and at a very minimal operational cost.

Disclaimer: The above information is general in nature and not intended to be advice. You should consider seeking professional advice before following any suggestions in this blog/website.