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Airbnb

San Francisco, CA
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Airbnb

Airbnb.com is a website that connects people in locations around the world with travelers who are looking for alternatives to typical hotel accommodations. Airbnb knows that traveling can be expensive and their services help keep some extra cash in your pocket.

Airbnb offers an opportunity for people to earn income by renting short-term accommodations to guests, either while the owner is present as host or when the owner is away from the premises.

It’s worth noting that you don’t necessarily have to be the owner of the unit that you are renting.  For example, we know of people that rent two bedroom apartments and use their second bedroom for short-term travel rentals.  They use income from these rentals to cover their own rent and therefore end up living rent free – not a bad deal if you ask us!  Before you do this though, make sure that your lease allows this type of subletting and also make sure local laws allow it too.

MORE: Is time running out to pay your bills on time? Get help…

So far, Airbnb has listed properties in more than 19,000 cities worldwide on its website. These listings can be anything from a simple, single room to a huge, luxurious castle (which begs the question, who the heck rents a castle? – but that’s another topic).

Interested in renting out your home or property with Airbnb? Find out how below.

Getting Started

Listing your home as an accommodation on the Airbnb website is free, but the company requires that you be at least 18 years old to do so.

To get started as a host, you will need to complete a profile online that details all important information about your place. Tell your potential guests why they would want to stay there. Highlight what makes your home standout!

Include all the necessary information like the property type (apartment, house, cabin, etc), how many people it accommodates, the number of bedrooms and your price. The more detailed you are, the more likely it is that people will take an interest in your place. Take note that successful Airbnb accommodations typically offer a less expensive and more home-like alternative to the expensive hotel stays.

If you plan on being there during your rental, it helps to include some personal information in your listing about who you are, your hobbies, languages spoken and similar tidbits meant to establish trust and ease with potential guests.

MORE: Getting the extra money you need is easier than you think…

You want to make sure that you feature your listing in the best light. To help you with this, Airbnb can send a professional photographer to your home to take pictures of your place completely free of charge!  This isn’t a requirement though.

Once your listing goes public, you’re ready to receive reservations!

Safety first, of course. Airbnb acts as a middleman and takes care of all the payment transactions for you. The company also requires that you use its private messaging system to ensure safe and secure communications between hosts and potential guests. Your guests will only receive your exact address once they have confirmed and paid.  As with all transactions involving strangers, use common sense in vetting people out and only accept tenants that you feel safe and comfortable with.

Earning Money

Once you receive a booking, you should make an effort to prepare for your guests. Among other things, this will include: tidying up, providing clean towels and sheets and stocking up on some inexpensive extras that travelers might forget (toothbrushes, shampoo, etc).

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Not sure if this is the right fit for you? Don’t worry, there are plenty of other ways to make money from home. Just download our FREE Ultimate Money Guide now.

You can also read about other companies that offer work at home opportunities or visit the most popular work at home industries on our website.

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The information provided in The Ultimate Money Guide is a compilation of our research, presented here for your convenience and information, and not necessarily intended as an endorsement of the companies listed herein. Such information was gathered from third-party sources, and we cannot attest to the accuracy of the information contained herein. Ultimate Money Guide does not make any earnings claims with respect to the potential income from any industry, company, or advertiser listed on our website. It is up to the reader to do their own due diligence when reviewing all business opportunities. You agree that you utilize and/or act upon the information in The Ultimate Money Guide at your own risk. The Ultimate Money Guide is not responsible for the content of any third-party website or advertiser referenced herein and undertakes no obligation to update the information herein. The Ultimate Money Guide may have business relationships with some or all of the companies listed herein, and may receive compensation for the listings or advertisements that you see within The Ultimate Money Guide website, book, or email communications from us. By accessing our website, you agree to all terms and conditions in our Terms of Service.