"Secrets of running a six-figure AirBnB Business"
 

The following article is about how one guy (and I'm sure there are many others) is using AirBnB to run a business...

If you don't know about it, AirBnB is a website where you can rent out rooms in your house or apartment, or rent out your whole house or apartment if you want to. These are usually short-term rentals, to visitors from out of town - which is what makes them different from usual rentals. Because they're short term, you can also charge a lot more per night to rent it out than you can with standard long-term rentals...

If you need extra cash - and you have a spare room - AirBnB is one way you can turn that spare room into cash!

What this guy does is different. He actually buys a place specifically to rent on AirBnB...

One way of looking at it is it is like running a very small, unregistered "hotel"...

Anyway, it's a fascinating article about another way to make money...

Secrets of running a six-figure AirBnB Business
http://www.fastcompany.com/3021179/s...irbnb-business

- Dien

Re: "Secrets of running a six-figure AirBnB Business"
 

Hi Dien, That's how I've been living rent free for the last year!

I have 2 extra bedrooms that I rented out thanks to http://www.easyroommate.com/

There are always new backpackers in my town looking for a room to rent. Plus a local agency
just called me asking if I have any rooms to rent out long term (2 yr) to their international students.

It's a bargain for my tenants because their only other option is to stay in one of the local Backpackers
accommodations at round $50 per night... plus they can't get a good nights sleep staying in those
places because of all of the young party animals who stay up partying all night long.

It's a great way to purchase a house and have your mortgage and expenses paid for by others. Plus
with all the travelling I do, I no longer have to worry about finding someone to pet sit or mow the lawn
while I'm gone.

Cheers,
Steve

Re: "Secrets of running a six-figure AirBnB Business"
 

Hi Steve,

I hope all is going well for you!

Steve, thanks for sharing your experience... It's a great way to save and/or make money... and as you pointed out, there can be other additional benefits, too...!

If you can get others to pay for your accommodation - gee whiz, why not?! :)

As you show, this isn't just "theory" - but it's the "real McCoy"...! :)

Best wishes,

Dien