Money Making Ideas for Airbnb Hosts - A Life of Financial Freedom (2024)

Ready to increase your income with some money-making ideas for Airbnb hosts?

Here are some insanely simple tips for Airbnb hosts that I have used to propel my side income business to that of a Super Host.

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Disclosure: There are some Amazon affiliate links below and I may receive commissions for purchases made through links in this post at no additional cost to you.

Being an Airbnb Host has proven to be a nice side hustle that has generated a steady stream of income over the past few years.

Those additional Airbnb monies have allowed me to live practically rent-free and aided in my being able to quit my job and retire early.

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I’ve found that the little niceties are what guests remember and appreciate.

Those fine details, in turn, translate to guests leaving positive star reviews that help skyrocket my ratings.

Those ratings equate to increased bookings and more earning potential.

I also use Airbnb when I travel.

As a guest, I enjoy seeing the set up of other hosts, as I’m always on the lookout for ideas to help out my own Airbnb business.

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Here are 11 ideas to consider using in your Airbnb business and tips for those that are considering starting up an Airbnb business.

(1) Provide a mini welcome basket of goodies.

In my guest welcome basket, I include bottles of water, some type of snacks, such as chocolates, potato chips, and often fruit.

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Many of my guests arrive after being on really long international flights and may not arrive until late at night.

A small welcome basket often helps to stave off hunger until the following day and shows goodwill as a host.

(2) Set up a coffee station.

In my guest room, I have a small coffee maker that brews up to four cups of coffee at once.

My coffee station includes instant coffee, creamer, regular sugar, and Stevia sweetener. For those that may prefer tea, I also have at least 2 varieties of teas.

(3) A Smart TV for guests.

Most TV’s on the market today are Smart TV’s…meaning they can connect to the internet, come with HD resolution, provide streaming video and other features.

My Airbnb provides guests with access to a Netflix login and password, HULU, and a voice-activated Amazon Firestick.

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(4) Provide a portable heater.

Even in Sunny Los Angeles, we have our share of chilly nights.

For nights that guests feel they need just a little extra dose of heat, I provide a small ceramic portable space heater and extra blankets.

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The heater has a built-in safety feature that automatically shuts the unit off if it’s tilted over.

If you want to get really nice and fancy for your guests, consider offering cozy electric throw blankets.

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(5) Provide extra amenities based on your locale.

Often times my guest will tell me the reason they’ve chosen to visit Los Angeles is because of our sunny and near-perfect weather conditions.

My guests often make the beach their first stop.

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Therefore, I provide a beach bag with towels and sunscreen tucked inside.

I also have portable beach chairs and a beach umbrella if guests would like to haul them to the beach.

(6) Provide easy access to extra sheets and pillows.

Having extra pillows and sheets in the room is one less thing your guests will have to worry about requesting from you. Extra towels are also an added plus.

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(7) Supply shampoo, conditioner, soap, and a hairdryer.

I find I save on shampoo and conditioner by purchasing the bulk size of Pantene products from Costco or on Amazon.

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Your guest will appreciate your having a hairdryer on hand as it will be one less bulk item they will have to pack.

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The small hotel size soaps can also be purchased on Amazon at a good price.

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(8) Easy access to wifi directions.

I have a cute Wifi plaque on the wall (also listed in my Airbnb online guest instructions) that has the wifi name and password.

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(9) Lockbox for keys.

I only supply one set of keys. Therefore, I provide a lockbox in case there are 2 visitors traveling together and they each want to go out at different times.

Having a lockbox installed was one of the best host ideas I’ve implemented in my Airbnb business.

I also use my lockbox to leave keys for the guests when I will not be home during the time they arrive.

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I merely change the code to the last four digits of their telephone number – something that’s easy for them to remember.

I particularly like the wall-mounted lockboxes that have a lit keyboard when you open the cover.

This is a small, but convenient feature appreciated by the guest, particularly if they arrive at night and are doing a self-check-in.

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(10) Picture frame your check-in/check-out time.

Since I now have the times posted in a small picture frame on the desk in the guest room, it hasn’t been a problem with guests adhering to the check-in/check-out times.

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Who would have thought that such a simple gesture would provide so much? Guests no longer have to guess what the check-out time is.

(11) Supply a notepad, ink pens, a city map, and a guide book of best places to visit in your city.

Having these items in the room are a nice convenience for your guests: Notepad, pencils, ink pens, city maps, and guide books of your city and the surrounding areas.

I also like to have the latest Airbnb magazine on hand.

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BONUS #12 – Create a Guest Welcome Guide

Create a Welcome Guide for your guest. This Etsy template provides space for a welcome message, emergency numbers, wifi information, house rules, amenities, local attractions, places to eat, and more.

The guide is 12 pages, including the cover. This is a WORD document that lets you change out the photos and prefilled words. Click here to order your copy.

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Now it’s your turn. Which of the Money Making Ideas for Airbnb Hosts will you be implementing in your business? Share with us in the comment section below.

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Money Making Ideas for Airbnb Hosts - A Life of Financial Freedom (2024)

FAQs

How can I maximize my Airbnb income? ›

Let's take a look at 7 clever ways to increase your Airbnb revenue.
  • Rent Out Extra Storage Space. ...
  • Rent Out Extra Parking. ...
  • Make Use of a Large Yard or Acreage. ...
  • Provide Pet-friendly Accommodations. ...
  • Craft Unique Airbnb Experiences. ...
  • Optimize Property Features and Amenities. ...
  • Become an Airbnb Consultant.

How to make lots of money on Airbnb? ›

Can You Make Money with Airbnb?
  1. Co-hosting. For property owners who don't have the time to manage their listings, co-hosts can step in. ...
  2. Property Management. Similar to co-hosting, property management on Airbnb can be a lucrative venture. ...
  3. Hosting Experiences. ...
  4. Photography. ...
  5. Copywriting. ...
  6. Cleaning.
Dec 22, 2023

How to earn 6 figures in 6 months on Airbnb without owning property? ›

4 Ways You Can Earn 6 Figures In 6 Months On Airbnb Without Owning Properties
  1. Follow to Airbnb rental arbitrage strategy. ...
  2. Become a qualified short term rental property manager. ...
  3. Run an Airbnb consulting business. ...
  4. Host and design an Airbnb Experience.
Dec 2, 2023

How much do Airbnb hosts make on average per month? ›

What Is the Average Airbnb Host Salary by State
StateAnnual SalaryMonthly Pay
California$37,509$3,125
North Carolina$37,432$3,119
Massachusetts$37,405$3,117
Oklahoma$37,372$3,114
46 more rows

What is a good Airbnb income? ›

For example, according to a recent analysis, Airbnb hosts have an average monthly income of $924. Several host earnings exceeded $12,000 per month, while some fell below $200. An added advantage is that a host has the freedom to set his or her pricing on Airbnb.

What is a good profit margin for an Airbnb? ›

According to some estimates, Airbnb hosts typically earn about 80-90% of the rental price, with the rest going to Airbnb in the form of service fees. For example, if a host rents out their property for $100 per night, they may earn $80-90, with the remaining $10-20 going to Airbnb.

How many Airbnbs do you need to make a living? ›

To become a full-time Airbnb entrepreneur, you'll almost certainly need to grow beyond offering just one property for rent. It may take three or even 10 rentals, depending on how often you can rent out your properties and for how much, to become financially secure. Growing your property portfolio is not easy.

Why is Airbnb not doing well? ›

Because there are so many more listings now, Airbnb hosts say they are watching their bookings plummet. The flood of new hosts has meant fewer can earn good money. “Now, the markets are completely oversaturated,” says Melody Wright, founder of mortgage strategy and technology company Huringa.

Is Airbnb a good passive income? ›

Airbnb lets you generate passive income from your home or spare room. Being an Airbnb host involves listing your property on its platform, which handles bookings and communications with guests. Hosts are paid out based on guest stays. Guests often find Airbnb is cheaper, has more character, and is homier than hotels.

What is rental arbitrage? ›

Rental arbitrage is a real estate investment strategy that involves leasing a property and then renting it out to another person. It allows individuals to earn rental income without owning a rental property. As such, it's a shortcut to being a landlord.

Can you make a living owning Airbnb? ›

How much can you make owning an Airbnb? On average, hosts in the United States make more than $13,800 per year, according to Airbnb, but those numbers vary.

How to start Airbnb with no money? ›

5 Ways to Start an Airbnb With No Money
  1. Using Your Own Vacant Property. Do you have a vacant property that you want to rent out on Airbnb? ...
  2. Take Initiative on Open Rentals in your Area. ...
  3. Become an Affiliate. ...
  4. Offer Airbnb Experiences.

Where do Airbnb hosts make the most money? ›

Miami and San Diego are the most profitable cities for Airbnb hosts. The combination of warm weather and (relatively) affordable housing make these two cities a better bet for full-apartment listings than popular but expensive destinations like New York and San Francisco.

Is income from Airbnb taxable? ›

Under US tax law, income earned from real property (such as an Airbnb listing) in the US is subject to US tax reporting even when it's earned by non-US tax residents. Accordingly, Airbnb requires every Host with US listing(s) to provide Form W-9/Form W-8.

What cut does Airbnb take? ›

How much does Airbnb charge hosts? Airbnb charges hosts a service fee for each booking. What percentage Airbnb takes can vary, but it's typically around 3% for most hosts. However, Airbnb's commission can go up to 14% or more for hosts who have a Super Strict cancellation policy.

Is owning an Airbnb profitable? ›

In short: absolutely. Looking forward, the vacation rental industry is predicted to grow even more in the upcoming years. Hosting can be a profitable business with proper prep work and an understanding of how to budget your start-up costs.

Is Airbnb a good side hustle? ›

When you side hustle as an AirBnB host, you have the opportunity to really increase your monthly income. If you're looking for a low-effort side hustle that has the potential to help you consistently earn hundreds or thousands extra each month, you may not have to look much further than your home.

How to be a middle man for Airbnb? ›

Airbnb arbitrage refers to renting a property from a landlord and subleasing it on a short-term basis, on a platform like Airbnb, Vrbo, or Booking.com. In this way, you are both a tenant and an Airbnb host who acts like a middleman between the landlord (the property owner) and the Airbnb guests.

Is Airbnb going to be profitable? ›

Airbnb said Tuesday that it had its most profitable fourth quarter ever at $319 million. That was part of the company's first profitable full year on a GAAP (generally accepted accounting principles) basis as it generated $1.9 billon of net income. That compared to a net loss of $352 million for full-year 2021.

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