You wanna know a little secret? You can get PAID to take a vacation.
Do I have your attention? Good.
Whenever we travel we use a website called Airbnb.com to rent out our house while we are gone. Even if it’s only for two or three nights a month it still covers some expenses while on vacation. So far this year we have had 2 reservations totaling 8 nights in the past 2 months. We set the price for our place at $100 per night. We base this on the other properties on Airbnb because we want to be comparable and not price ourselves out of the market. Currently we have 5 more upcoming reservations confirmed in the next 3 months for a total of 18 nights. In case you weren’t that good at math – that’s roughly $1800. Airbnb takes a 3% fee and all transactions are handled through them. The guest pays by credit card and the money is deposited in our account 24 hours after the guest checks in.
Yeah but what about my stuff?
First of all, that stuff you think people will steal, really doesn’t matter to anyone else but you. I know..I know…your ’77 mint on card Luke Skywalker is priceless. I get it. If you were staying in someone’s house as a guest would you take their stuff? Probably not. If you answered “yes” to that question, go away and don’t read this blog. Now for the extremely rare cases of vandalism or theft, Airbnb has you covered by a $50,000 insurance policy. Besides, the clientele that Airbnb attracts are very pleasant and genuine. You could actually be friends with these people. Really.
I’ve already found a house in Bali on Airbnb to rent out for $1000 per month. I can get around $2000 for my place depending on how many nights and what time of year i decide to go. That covers the rent here and the rent in Bali.
Stay tuned for another post on how make sure your Airbnb listing gets views and how to convert those into actual reservations.