This calculatoroffers a good starting point.
How Much Can You Earn With Airbnb Hosting?
In either scenario, I assumed you have two guests who can share a room.
No Interest Til Almost 2027?
Some cities on the list are obvious: Of course New York and San Francisco draw good rates.
But some might surprise you: Who knew you could make bank in Akron, Ohio?
New York
Private room: $2,959
Did you know?
Or itd cover about half your rent with no roommate drama.
(Or do they just call them hot dogs there?)
Not bad for a side hustle!
Is Airbnb Worth It?
For some reason, a lot of people fear unknowingly hosting a serial killer.
I think were all watching too many scary movies.
In case youre legitimately worried, though, Airbnb works hard to build trust between hosts and guests.
Here are a few ways:
Will Your Stuff Be Safe?
To protect against theft or damage of your stuff, you should already have renters insurance.
On top of that, Airbnbs Host Guarantee offers up to $1,000,000 for damages to your property.
Is Hosting Allowed Where You Live?
Rules and regulations vary by city, so confirm you understand the laws where you live.
Airbnb says its working with local governments to clarify these laws and make it easier for you to host.
In the meantime, look into your citys zoning and tax laws to check that youre good to go.
If you rent, check your lease and talk to your landlord to get a thumbs up.
Are You Responsible for Guests Wellbeing?
Be a smart host, and verify your space is clean and safe for guests.
It also protects renters in case a guest damages something in your building.
How Much Could You Earn With Airbnb in Your City?
Dana Sitar ([email protected]) is a writer and editor at The Penny Hoarder.
Say hi and tell her a good joke on Twitter @danasitar.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
