Q&A: How can I rent out my spare bedroom on Airbnb?

Notes from Chris

Episode 1231

Airbnb: love them or hate them (and there are plenty of people on both sides)—there’s no doubt they have radically shifted the landscape when it comes to booking accommodation worldwide. Just like everyone (or at least a lot of people) can become a rideshare driver, so too can homeowners and sometimes tenants rent out their space directly to consumers.

Confession: I try to write most of my books in an evergreen manner … this is one of the few things I regret about the SIDE HUSTLE book. Overall, 95% of that book should be relevant for many years to come, but I did say a few things about Airbnb rentals that have already changed … so if you’re interested in renting out your spare bedroom for extra cash, it’s good you’re listening to this episode.

"I have a two-bedroom apartment and work as an attorney. It’s just me, so I’m not home much … I like the idea of earning passive income by renting out one of the bedrooms, but when I think about what’s involved in terms of meeting guests, cleaning up and changing the sheets, following up by email and leaving reviews, etc. I start to think it’s not really passive. What do I need to know about doing this, and is there a way to make it easier?"

Listen to today's episode to learn more...

 

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SEE ALSO:

• "Airbnb for Dogs": Woman Hosts Pets at Her Home for $200/Day: After moving to the states to be with her new husband, a nutritionist from Spain decides to host other people's pets in her home.
• Interior Designer Starts Boutique Airbnb Alternative: She’d stayed in her share of iffy and icky Airbnbs, and wondered why there wasn’t a better service for boutique, well-designed homes. Now there is.
• Rent the Chicken! An Egg-Cellent Idea Clucks Into Cash: Yes, really: this Pennsylvania couple rents out 2,000 chickens to people interested in urban homesteading. It’s a side hustle worth clucking about!

Yours in the revolution,