Renting my place on Airbnb for 3 months pays my mortgage for the year - Business Insider

can be a nice money-making opportunity for people who have the ability to rent out one or more of their properties. But is renting on Airbnb a good move? Depending on your situation, it could be. for four years, so I've experienced a wide range of situations. If you're considering doing the same, you may be able to learn from my experience.

There are definitely costs associated with renting my apartment short term, including Airbnb fees, normal upkeep, internet/cable, and hiring someone to clean the place when I'm not in town to do it myself. I also coordinate cleanings and on-site management via messaging, so it's not necessary for me to stay in town in order to be a good host. Airbnb is an internationally recognized brand, and so far, I haven't traveled anywhere that I couldn't get in touch with my Airbnb guests via the app or the web interface.

While I'm away, my Airbnb guests can use them and if something gets lost or broken, I'm able to cover the loss orCaroline LupiniAs a frequent Airbnb guest myself, I always try to leave each property in top shape, and I expect the same from my guests. Folks who use Airbnb aren't expecting any level of professional service, because that isn't what Airbnb does. For the most part, people just want to feel at home while they're away from their home.With Airbnb, I'm not tied down to my property; I can leave town whenever I want and come back to a clean apartment that's still mine. I don't need to worry about moving in and out of rental apartments or finding another place to store all my stuff.

When I get passive income from my cryptocurrencies I will also spend my life traveling.

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