“Once you subtract these from that $1,800/month gross, you’ll find - in this example - that the long-term 12-month lease actually nets you more money.

And don’t forget extra occupancy taxes tacked onto short-term rentals! You’ll need to pay for gas, electric, water, internet, consumables like toilet paper and soap. Vacancy rate is far from your only expense though. “But if Airbnb only gets you 18 days per month of occupancy, then your gross income would only be $1,800/month.” At full occupancy, that’s $3000 per month. “On the surface, that $100 per night sounds like a no-brainer. By comparison, you could Airbnb the same space for $100/night. “Let’s say that you could rent an apartment on a 12-month lease agreement for $1,200/month. Paula Pant, the sharp mind behind Afford Anything, uses Airbnb and short-term hosting for some of her rental properties. “Before you become an Airbnb host, calculate whether the additional effort is worth the money, compared to what you could earn if you rented out the same space on a long-term lease.” But as you research how to become a host for Airbnb, you quickly realize that throwing up a listing with a few photos snapped with your smartphone won’t land you huge returns.įollow these host tips from the experts, and prepare to put in some good ol’ fashioned hard work along the way.

Real estate investing and property management aren’t “rocket surgery,” as my ex-girlfriend used to say. Stop Talking About It and Just Try It Already Approach Short-Term Rentals as a Complete Hospitality Business

Airbnb owner