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Make Money Renting Out Your Guest Room

If you’re the type of person who enjoys meeting new people and you have no problem sharing your living space, you may want to consider renting out your guest room to make extra cash. Here are a few tips to get you started.

Create a Listing

The first step in making money renting out your guest room is to let people know why they should choose your location. Creating a listing on a site like Airbnb is simple and free. All you do is provide a brief description of your space, a couple of photos and the number of guests you can comfortably accommodate.

Be a Good Host

Once you’ve posted your listing, you typically get an opportunity to talk to prospective guests via messages on whichever platform you happen to be using. This way, you get to know your people before your share your house with them.

Background checks are highly recommended. There are tons of places online that make it super-simple and affordable to check into anyone’s past. It’s ALWAYS better to be safe, than sorry!

Once guests arrive, the host is typically expected to provide essentials like towels, clean sheets, and toilet paper. Also, make sure the room is thoroughly cleaned in between reservations so each guest who stays feels as comfortable as possible.

Get Paid!

Getting paid is the easiest part of the Airbnb experience… another reason to use this specific website. With their secure payment system, all payments are made via PayPal or direct deposit. This means that you never have to deal with cashing checks.

Your guests get charged automatically before they even arrive and your payment gets processed as soon as they check in. You then receive the payment shortly thereafter, minus a three percent service fee.

Renting out a guest room is certainly not for everyone. However, if it sounds like something that interests you, it doesn’t hurt to give it a try. You might really enjoy it!

Click here to find out how much you could earn as an Airbnb host.