Most folks we know are big fans of Airbnb- they’ve either had a great experience while traveling or they’re considering it for their next trip. There’s a good chance this is also true for you, but have you ever considered hosting on Airbnb? There are countless ways that we can make extra money on the side, but we’ve found that most of them aren’t nearly as rewarding as welcoming travelers into your home! Matt’s Airbnb apartment has been up and running for a few months now so in this episode we dive into the benefits and drawbacks for him and his family. We also cover what you should consider when trying to decide if hosting is a good idea for you as well as some tips for getting your Airbnb off the ground.
Next step: It’s time to start earning money
If you’re interested in hosting a space, head over to Airbnb where you can get an estimate of how much you could earn. Regardless if you’re hosting a shared room or you’re offering up your entire house, your space has earning potential!
During this episode we enjoyed a Neighborhood Nomads by Casa Agria Specialty Ales- a big thanks to our friend Josh out in California for donating this beer to the show! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!
Best friends out!
Another great podcast! The one aspect that was touched on is the tax impact/considerations from the extra income. Would love your collective opinion on you handle that and your thoughts on pros/cons between rental income vs dividend investing/iincome.
Interesting. Our next-door neighbor is almost your exact demographic-about the same age, drinks craft beer, and seems to have a similar life outlook-and thought it would be an awesome idea to finish his basement to start renting on Airbnb. I wouldn’t be surprised if he got the idea from your podcast. Unfortunately, he did not check with area zoning laws nor choose to inform his neighbors before embarking on this venture. I have nothing against long-term renters, but I did not sign up to live next to a hotel – which is really what you’re doing with short-term rentals. Consequently, his neighbors (including me) are making his life difficult, and relations are now less than cordial. Doesn’t sound like this is a consideration for you, but these ventures affect the quality of life of your neighbors and the enjoyment of their homes, too.