Airbnb Guide is a website dedicated to providing Airbnb users with information on how to maximize their experience as an Airbnb Host or Guest. We are not affiliated with or endorsed by Airbnb.
Whether you are a part-time user or want to host full-time, Airbnb is a great way to supplement your income and the return can be truly life-changing.
A little about myself…
My name is James Hunt and I have been hosting on Airbnb full-time for more than a year. My wife and I became interested in hosting on Airbnb after we rented out our Calgary apartment for a week while we went on vacation. After doing the math we realized that renting out our apartment on Airbnb while we were gone basically paid for our entire trip! Not only that, but after we returned we kept getting inquiries to rent out our apartment for more than triple what we paid in rent.
Fast forward two years and we have two properties that we rent out full-time on Airbnb. We generate over $3,000 per month from renting out our properties and pay our mortgage by simply renting out the spare bedroom in our home. We have also met amazing people from all over the world and gained life-long friends in the process.
How do you make money on Airbnb?
Airbnb is a home-sharing platform where you can rent out a shared space, private room, or entire property to other Airbnb users. Airbnb currently has more than 3,000,000 properties for rent around the globe! That means someone just like you can list their spare bedroom for rent on the website and begin making money off your unused space.
Unlike traditional rentals, Airbnb rentals are generally short-term. Airbnb users frequently only rent a room for the night, several nights, or a week at most. Every once in a while you may get a reservation for a long-term rental, but that is a rarity!
The good thing about short-term rentals is the traveler doesn’t have enough time to “make themselves feel at home” in your space like a traditional roommate would. For the most part they are more respectful of your environment and take great care of the rental. Short-term rentals are also nice because you can charge the renter a cleaning fee, making you extra cash in the process!