We have been running an Airbnb for over a year now.
And let me tell you, it’s so easy.
You can easily increase your retirement income and meet new people.
By Cheryl | December 22, 2018
Image by Pixabay
Being a travel addict is expensive. Our retirement income covers the basics so we started to look for ways to make more money. Holding down a job has absolutely no appeal and is too restrictive. I can hear myself saying “But I don’t want to work next week!” After looking around, we decided to open the front of our house to Airbnb. We are hoping that this additional retirement income would pay our property taxes, the car and house insurance, and put some cash in the coffers for our next big trip.
We’ve stayed in several B&B places over the years. Sometimes just a room in someone’s house and sometimes in a large house with several rooms to let. We stayed on a horse ranch in Palm Springs and in a lovely home in Scotland. Each home has been different, fun, and certainly cheaper than a hotel. We just want a good bed and a safe place to leave our stuff while we explore.
The front of our house is perfect. It has front door access, a living room, a bedroom and a bath. We’ve put in a separating door to the back of the house where we live with the kitchen and the rest of the house. We spent just over $2,000 on new bedding, linen, a small refrigerator, microwave, TV, coffee pot, new towels. The dishes and silverware came from our own kitchen. All set up and ready to go, we listed our ‘guest suite’ for one month to see what would happen and if we liked it. Having no prior guests from Airbnb, we didn’t have any references, so we priced it low.
We got to pick the days we would be ‘open for business’ and block those when we would be gone or needed a break. We picked how many could stay with us, minimum number of nights, pets, etc. Within 10 days, we had 17 nights reserved!
Guests have to register with Airbnb and provide photo ID. They set up a profile where you can learn a little bit about them. Guests select where they want to be, the dates and how many in the party. Airbnb brings up all the listings meeting those criteria. If the guest selects our place, they pay Airbnb in advance. After the first nights stay, the money (minus a very small cut for Airbnb) is transferred into my bank account. I get an email with a Request for Booking where I can review the guests profile, maybe ask a question or two and decide if we want to accept.
This just might work!
PS: After being open for just one month, Airbnb looked at our reviews and awarded us a SuperHost Badge!