Looking to maximize your space? Have a second home that’s unoccupied, just eating away at your finances? Consider being an Airbnb host — the time is right, for these reasons:
1. Earnings are plentiful
Half of new listings that were both activated and booked in early 2021 received a reservation request within four days, and the average annual earnings per host who had welcomed at least one guest was $9,600. Here are some more facts:
- In the Hamptons, Airbnb hosts in Suffolk County with only one listing have earned $2.3 million in the first half of 2021.
- Sixty percent of new hosts are women, who have made more than $83 million in the US since January 2021. Additionally, new senior hosts in the US, aged 60+, have earned more than $30 million.
2. It’s safe
You might be skeptical about protecting your space and belongings with people you don’t know staying in your home. That’s why guests provide their full name, date of birth, phone number, email address, and payment information to Airbnb before booking.
Additionally, you can check out guest profiles and read reviews from past hosts — a great way to do a “background check,” since hosts and guests can only review each other after a reservation is complete.
Also, Airbnb’s Host Guarantee provides protection at no additional cost, of up to $1 million USD in property damage, with every booking.
3. Demand is up
Remote working has altered everyone’s travel and vacation routines, giving people more flexibility over when they can travel — and for how long. The only “vacation” many people have had since March 2020 is a trip to the local park. Now, people are making up for lost time, looking to stay longer in places, and they can work from anywhere. That’s why now is the time to consider sharing your space on Airbnb.
4. It’s flexible — there’s a perfect space for everyone on Airbnb
Anyone who has a spare space to share can thrive as an Airbnb host. An Airbnb can be a house, apartment, bed and breakfast or boutique hotel. Even “unique spaces” qualify, like treehouses, yurts, campsites, sailboats, windmills, RVs, etc.
Better yet, a second home serves as a prime Airbnb space.
If you’re detailed in your description and photos to help guests understand what to expect, there are no limits to what qualifies as livable space.
For more information go to the Airbnb website.