Anyone making loads of money renting their place on Airbnb or other similar sites?

avatar33

avatar33

e-Hustler
Dec 5, 2009
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Calgary, AB
Saw a documentary on TV about how some people are making an additional $50k+ per year just renting out their place on airbnb, while they're away.

This photographer who made $200k last year with Airbnb (he owns 4 or 5 condos in Toronto if I remember correctly) said you don't need the nicest place out there. You just need to rank high in the search results for your city, which involves a bunch of factors like amount of positive reviews, responsiveness, quality of listing, quality of photos, click-through-rate, average time spent on your listing, price, etc... obviously you also need to be in a somewhat touristy city... you won't make that type of money if you're in Dickinson, North Dakota.

Airbnb SEO folks, it's the new thing!

Oh yeah, and this The Daily Startup: Airbnb Could Soon Be Worth $13 Billion - Venture Capital Dispatch - WSJ (13 fucking billions!)
 


I worked with a girl who rented out her place for the weekend to what was supposed to be a girl's weekend away for a few women. The guest lied and actually had a birthday party for her kid with lots of relatives. They trashed the apartment, took the parking permit, damaged the furniture, and pissed off the neighbors.

I'd still consider doing it but only take on guests who have positive reviews.
 
no fucking way am I ever letting randoms rent one of my properties without them being thoroughly vetted
 
Wonder if theres any money in brokering airbnb with landlords?
 
charlesmartel said:
I worked with a girl who rented out her place for the weekend to what was supposed to be a girl's weekend away for a few women. The guest lied and actually had a birthday party for her kid with lots of relatives. They trashed the apartment, took the parking permit, damaged the furniture, and pissed off the neighbors.

I'd still consider doing it but only take on guests who have positive reviews.
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scum bag said:
no fucking way am I ever letting randoms rent one of my properties without them being thoroughly vetted
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I can totally understand you guys as I was thinking exactly the same way before... but I actually decided to give it a try and rented out my place for the first time last month, and it was a surprisingly pleasant experience. Both me and my girlfriend were traveling so I thought it was a good time to try it, and I ended up making $600 for a 3 day rental. The guys were clean, respectful and left the place just as clean as when they came in. Hell they even threw the sheets and towels in the washing machine before they left even though I charged them an $80 cleaning fee so I can hire a maid to do it all.

Like I said it was a pleasant first experience for me, as normally when we travel, the place stays empty. This time the rental covered our flight tickets which was nice.

The guys had 3 positive reviews so I thought why not. I have a locker downstairs so I just threw in our valuables in there, just in case.

Oh, and the other thing that encouraged me to do it was that Airbnb provides up to $1 million guarantee if the guests trash your place.

"The Airbnb Host Guarantee provides protection for up to $1,000,000 to a host for damages to covered property in the rare event of guest damages above the security deposit—or if no security deposit is in place."

More info on the guarantee at https://www.airbnb.ca/help/article/279
 
My in laws rented out their vacation prop for a year or so with it. The worst group was a church group that thought the grass runway was a great place for a volleyball net and lawn games, while small planes were landing and taking off they'd pull the net down. According to the neighborhood that is, they were facepalming hardcore.

I'm loving it from a consumer point, I'm putting a trip together for May renting a house on the water and boat for a week during halibut season and gonna have a man week. You can rent an amazing boat, yacht, whatever on the same type of site as airbnb called boatbound. If it goes well I'm doing another one for tuna in august. So much cheaper than charters or owning a boat in the city. Thinking of putting my kayaks up for when I'm not using em.
 
My parents make $25k a year from it. Good money for them since they are retired. They made the basement a living space so they stay there when people come. Right now they are booked from May to September for this year.

My mom is a hustler I guess.
 
Just stayed at my 1st AirBnB apartment. This apartment was like a penthouse style apt on Miami Beach. Dude rented it for $750 a night. We were late getting in the room due to previous AirBnB stayers and he had it booked the day we checked out.

What was crazy is, you could rent an apt. in that building for $3500 a month on a one year lease (same floorplan and view). That is what this guy did, and while he had AirBnB renters, he would just stay somewhere else. He was making good money off that one property.
 
There are considerable macro hot topics right now out of your control such as municipal and strata bylaws so tread carefully especially with apartments.
 
bauss said:
There are considerable macro hot topics right now out of your control such as municipal and strata bylaws so tread carefully especially with apartments.
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Yeah, both airbnb and uber have tapped into an old school industry that refuses change. I strongly believe both will prevail.

JarredLv said:
Be careful OP - Airbnb renter returns to ‘overweight orgy’ | New York Post
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Yeah, it's definitely not for everybody. If you rent your place you have to accept that people will likely be having sex in it, and perhaps even jerking off on your floor or bathroom lol... that's why I prefer to rent it out to families, older people and those with 5 star reviews only, and you charge a $80-$120 cleaning fee and get a maid to scrub everything when they leave.
 
A buddy of mine now has 7 places he rents out on Airbnb. Hes booked solid for months at a time and clears $236 a night per unit.
 
Second said:
A buddy of mine now has 7 places he rents out on Airbnb. Hes booked solid for months at a time and clears $236 a night per unit.
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Must be in a very high tourist area.


We have a friend who is a single woman owning a house on the campus of University of Wisconsin–Milwaukee, It is a 4 bedroom house and she rents out three bedrooms. Mostly to doctoral candidates and visiting profs. She clears 50 K a year. She just has to be willing to deal with three extra people in her house. To a great degree she loves it because many of them have become friends and this is the first time in her life that she has been able to save money.
 
AirBNB is the shit. I've rented places out for a month at a time while traveling to new countries. Way easier than dealing with short term rental brokers (who might run off with your deposit...).

The only place its shit is in peasant countries where a hotel room with room service is cheaper.
 
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