Feb 23, 2022
Curious about being an AirBnb host? A superhost shares the scoop about the costs setting up your place, figuring out your price, and how to make money with your space!
The 411 About Making Money as an Airbnb Host
One of the big shifts we've had during this pandemic is how we travel.
We've pretty much gone with renting entire spaces on Airbnb if we're doing a family vacation or getaway so far, it's been a really good experience. The value we get from having a place with a kitchen and yard has been a game changer.
Now the personal finance side of me was looking around and. How profitable was it being an Airbnb host? Also how much work was involved as a guest?
Most of our hosts had wonderful local recommendations, and if we needed anything, there were only a text away, but pretty much they were hands off.
It almost seems like the perfect passive income stream, but is that really. What's going on behind the scenes. I wanted to find out and I discovered I didn't have to venture very far.
During our last trip to Asheville we went out to meet up with some good friends we hadn't seen in a while.
While we were catching up with Barb and Don, I discovered she was an Airbnb host.
Knowing her hospitality, I had a sense that she was a natural candidate for hosting . Airbnb also agrees because she's listed as a Superhost. In case you're not familiar with the term. It means she's experienced highly rated and committed to providing great stays for her guests.
I'm happy to have Barb on the show today to share her story about becoming a host.
In this episode, we get into:
- setting her place up,
- figuring out prices, and
- making her guests’ stays fun and relaxing.
We have some fantastic tips and even better stories so let’s get started!
Resources for Managing Your Money and Becoming an AirBnb Host
- Best Budget and Money Apps: Personal Capital, Tiller, Mint
- Grab Your Copy: Jumpstart Your Marriage and Your Money
- Become an AirBnb Host
- Barefoot Cabin
- AirDNA: Short-Term Rental Analytics
If you want to chat some more about creating better money habits, questions, or share your own tips please join us over at Thriving Families on Facebook.
Thank You to Our Sponsor Coastal!
Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.
As a credit union, Coastal serves its members first including an annual loyalty bonus. We've been members for years and love their service and competitive rates on checking and savings accounts!
As an added bonus, Coastal also offers business accounts, so you have a way to easily manage your side hustle or income stream.
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We’re grateful for wonderful partners like Capitalize. Not only do they support the podcast, but they help make managing your money so much easier.
Did you know that it’s estimated that there are currently over 24 million “forgotten” 401(k) accounts? In fact, the average American changes jobs every 4 years.
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Support the Podcast!
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- Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
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