I had a thought one day. What can I do that doesn't require being on a computer 24/7, or require me behind a desk 40 hours a week, Monday through Friday.
Airbnb hosting is a great side job/investment for anyone interested in real estate or anyone who doesn't want to work in a cubicle for that matter. I spend about 1-5 hours a week responding to messages, moving furniture around, mowing the lawn, cleaning, and coordinating my small team of handy people when I need them.
Every host makes a different amount of money through Airbnb. I entered the amount of money I would project to make in 2021, if I were to continue operating at 100% capacity with trending monthly stays - taxes, fees and expenses excluded. Now that I am an Airbnb Superhost, the bookings are coming in like hotcakes (it takes a few months of pretty much 5 star reviews to get this status).
Location is everything for Airbnb. The market is saturated, and you need something to make your listing stand out. To market my listing, I just took some nice photos on my phone and plugged everything into the Airbnb site. Startup costs were tiny. I now get multiple requests for weddings, small get-togethers, but my guests are mainly couples with no kids. Lots of earning potential here, as I believe Airbnb, vacation homes, bunkers, ranches, etc. are all the rage right now.
COVID has increased the demand for Airbnb. I now allow long term guests to stay for 30 days or longer and space out their visits, and guests feel very safe and comfortable with their own private home. There is a huge demand for short term rentals. People just feel safer having their personal spaces. Hotels and cruise ships are on the decline, but people are finding a way to vacation safely. Property is a HOT market to be playing in right now. I would highly recommend anyone to become a Superhost on Airbnb.
Love the interior decorating part. Vintage is a great way to save money on furniture because you want to buy cheap items you are okay being damaged, stolen, replaced. I have never had any issues with guests, the Airbnb community is really cool. Lots of millennials. As long as they aren't the weird massive party crowd, guests are SUPER respectful and leave the place really clean.
You need to own property for this to work. Not all rentals can be Airbnbs, so check on your city's rules and regulations before buying a vacation/rental property.
All my renters have to meet Airbnb's requirements, and I require guests to have 2 or more reviews.
You need to have access to a phone or have a 90% response rate ie, respond to inquiries within 24 hours to confirm a reservation. Customer service for hosts is pretty good, but you might be on hold for 20-40 minutes.
This is amazing, good work!
I'd love to do something like this in the future. Out of curiosity how many units do you have?
I own a duplex - just two units, each one is 2 bed and 1 bath.