In Short: Airbnb is becoming the latest trend as a way to earn extra money. What better way to save up for your next dream trip than renting your place as a bed and breakfast?
You’ve no doubt seen the blissful treehouses, fairy-tale castles, and chic apartments available on Airbnb, and if you’re like me, you’ve probably bookmarked a few as travel inspiration. The home-sharing website is famous for inspiring fantasy vacations, but did you know it can also help you save for that dream trip? Here’s how I earned for that all inclusive trip to Hawaii.
Airbnb makes it simple to earn extra money by putting your extra space to work for you. You can share a spare room in your apartment, host your whole home the next time you’re out of town, or create a listing for a vacation house, if you have one. However you choose to host, Airbnb offers support that makes being an entrepreneur easy. The online process to create a listing is pretty quick and easy—you write descriptions of your space, upload photos, and mark dates your space as available to travellers. And it’s always free to create a listing.
So just how much could you make hosting on Airbnb? It’s easy to find out what hosts in your area are making, and start imagining the possibilities. Besides saving for travel (aloha), I’ve used Airbnb to also help upgrade my home (kitchen remodel, anyone?), and pursue passions that have been on my bucket list. Plus Airbnb makes the payment process simple. Guests are charged when a reservation is made, and funds are typically released to hosts 24 hours after check-in. How you’re paid is up to you: You can set up direct deposit, PayPal, or a number of other options, it’s so flexible!
Once I became a host, Airbnb had all kinds of cool tools to help me feel comfortable and confident welcoming guests. I found hosting tips on the Airbnb blog and got my questions answered by experienced, successful hosts in the Community Center. At first I was nervous about the safety of my home and belongings when away, but Airbnb’s got my back: In the rare event an accident happens, my property is covered up to a million dollars when I host—it was a huge peace of mind, and it was at no extra charge. As for the folks staying at my place, everyone who travels on Airbnb needs to submit a profile photo and confirmed phone number and email address, and for extra assurance, if I feel the need, I can also require my guests to submit a government-issued ID.
Hosting let’s me give my guests that extra level of service by showing off what makes my city great. It can be upsetting to hear that they went to my least favourite restaurant, and didn’t enjoy it (no surprise there). When I welcome travelers from around the world, I get to introduce them to all that makes my city great—and drive more business to your favorite local mom-and-pop shops.
Thinking about your next adventure? Sign up to start hosting, and start earning extra money toward your next travels.