![]() ![]() It suggested for that time of year and the general specs of our property (size, number of beds, location, etc.) that our property could be listed for $71 per night. After this analysis and entering our listing details, we used the handy Airbnb price recommendation tool that they have built into the host interface. We came to the conclusion that anything above $35 per night would give us a pretty decent return and help to offset the cost of our mortgage. We wanted to make sure that we were getting an appropriate return on our time. We ran some quick numbers to determine what the absolute minimum threshold was for us to make money after cleaning supplies, consumable items (toilet paper, paper towels, etc.), Airbnb fees, income taxes, less frequent maintenance items (carpet cleaning, general fix-it work, etc.) and factoring in the time that it would take to clean the unit and communicate with renters. We added all of the basic information that was required to create a listing, including a simple description of our studio that included words like “clean, cozy and quiet.” The listing process was very simple, until we reached the pricing section. Listing our propertyĪfter deciding that we would give short term renting a go, my wife and I bought some basic items for the guest suite, cleaned and decorated the unit, snapped some iPhone photos and sat down to create our Airbnb listing. Luckily, all of my fears and uncertainties were quickly put to rest. I had always heard great things about the site from people who had both rented and hosted, but I really didn’t know if we would get good demand for our property, how much we should rent our house for, or if we would end up hosting axe murderers or orgies within the four walls of our home. ![]() I had pretty much no idea what to expect when I listed my guest suite on Airbnb for the first time. It has been a great second income source for us, but it has also been far more than just a way to make some side money. We started renting our property on Airbnb almost a year ago and it has been a far different experience than we could have ever expected. Now, I want to share more of my personal experience with the peer-to-peer rental platform. In my last post, I detailed how to make money as an Airbnb host. ![]()
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