Earn Income and Retire in Style With Our Airbnb Hosting Guide

Home Side Hustles Earn Income and Retire in Style With Our Airbnb Hosting Guide

Learn how to retire in style with our Airbnb success strategy. Becoming a host on Airbnb can help you retire early and increase your earning potential.

There is a company out there called Airbnb that can net you over $1,000+ a month just by listing your spare room, a few nights out of the month. Are you interested in seeing what your income potential could be by listing a spare room on Airbnb?

See how much people are making from listings in your area, then make your own in order to retire with style.

And it’s not difficult to get started with Airbnb in the gig economy.

Here is how it works:

  1. Sign up for Airbnb or check how much you can earn by using Airbnb’s calculator on the site’s homepage. Just enter your city, the type of space (entire place, private room, shared room) and how many people you’re willing to accommodate.
  2. If all looks good, list your spare space in under 5 minutes.
  3. You can get paid when somebody books your spare room and you can charge whatever.

Remember, Airbnb is a free room booking app for your phone. I really mean free all around – free to join and they don’t charge any fees to list your spare room.

Want free money?

  • Aspiration: Want to get spotted a $100 for free? Simply sign up for Aspiration, and the free banking app will give you cash for free, you just relax while it gives you $100 just for opening a new debit card. There’s no catch. This bank account is legit and only takes two minutes to sign up for an account.

How Airbnb Can Help

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We love financial independence here on the blog. Did you know some Millennials have already retired thanks to Airbnb?

Retirement may mean quitting your decades-long 9-to-5, but it doesn’t mean you necessarily want to take up knitting or spend all day golfing.

Maybe you want to try your hand at being an entrepreneur and earn some extra money in your free time.

Perhaps you want to meet new people or save up to travel. Becoming a host on Airbnb can help you make the most of your retirement— and if you’re an empty-nester, your extra space.

Using Airbnb To Earn Income

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Airbnb makes it simple to earn extra money by putting your extra space to work for you. You can share a spare room in your apartment, host your whole home the next time you’re out of town, or create a listing for a vacation house if you have one.

However you choose to host, Airbnb offers support that makes jumping into entrepreneurship not intimidating. The online process to create a listing is pretty quick and easy—you write descriptions of your space, upload photos, and mark dates your space is available to travelers. And it’s always free to create a listing.

How Much Can You Make With Airbnb?

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So just how much could you make hosting on Airbnb? Find out what hosts in your area are making, and start imagining the possibilities.

You could save up for that dream trip— a tour of Europe, perhaps, or a road trip to the National Parks—upgrade your home (kitchen remodel, anyone?), or pursue a new hobby.

Airbnb makes the payment process simple, too. Guests are charged when a reservation is made, and funds are typically released to hosts 24 hours after check-in. How you’re paid is up to you: You can set up direct deposit, PayPal, or a number of other options.

Want free money?

  • Robinhood is a free investing app for your phone. I really mean free all around – free to join and they don’t charge any fees to buy or sell the stock. You can get a share of stock like Apple, Ford, or Sprint for free when you join through this link (must complete application). The value of the free share may be anywhere between $2.50 and $200 and fluctuates based on market movements. You’ve got nothing to lose.

Airbnb Host Support

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Once you’re a host, Airbnb has all kinds of cool tools to help you feel comfortable and confident welcoming guests. You can find hosting tips on the Airbnb blog and get your questions answered by experienced, successful hosts in the Community Center.

Nervous about the safety of your home and belongings when you’re away?

Airbnb’s got your back: In the rare event an accident happens, your property is covered up to a million dollars when you host—it’s peace of mind for you at no extra charge.

And as for the folks staying at your place, everyone who travels on Airbnb needs to submit a profile photo and confirmed phone number and email address.

For extra assurance, you can also require your guests to submit a government-issued ID.

Airbnb Benefits

Apps That Help You Save Money

Hosting can also help you show off what makes your city great. Nothing’s more frustrating than meeting a visitor on the last day of their trip and hearing that they only saw the tourist haunts.

When you welcome travelers from around the world as a host on Airbnb, you get to introduce them to all that makes your neighborhood great—and drive more business to your favorite local mom-and-pop shops.

Want free money?

Simply sign up for Aspiration, and the free banking app will give you cash for free, you just relax while it gives you $150 just for opening a new debit card. There’s no catch. This bank account is legit and only takes two minutes to sign up for an account.

Start hosting now, and you can start earning extra money toward your own adventure!

airbnbList your spare space and make $1200+ a month
Are you interested in seeing what your income potential could be by listing a spare room on Airbnb? See how much people are making from listings in your area, then make your own!

The Best Apps to Save You Real Money

We are on our phone a lot, right? Wouldn't it make sense to save money with the best money saving apps?

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About the author

Brian Meiggs
Brian Meiggs
Brian Meiggs is a personal finance expert, and the founder of My Millennial Guide, a personal finance site helping you put more money in your pocket. He helps millennials follow the smart money in order to increase their earning potential and start building wealth for the the future. He regularly writes about side hustles, investing, and general personal finance topics aimed to help anyone earn more, pay off debt, and reach financial freedom. He has been quoted as a top personal finance blogger in major publications including Yahoo! Finance, NASDAQ, Discover, MSN Money and more.

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