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 to make money as an Airbnb host? ›

Making money with Airbnb involves more than creating a listing; it's about offering competitive pricing, delivering outstanding guest experiences, staying ahead of market trends, adapting to regulatory changes, and investing time into marketing and property maintenance, all of which are vital in differentiating your ...

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

Top 10 Ways to Start Making Money on Airbnb without Owning a Property
  1. Take the Airbnb Rental Arbitrage Route. ...
  2. Become a Short-term Rental Property Manager. ...
  3. Become a Co-host to an Airbnb host. ...
  4. Join a Vacation Rental Franchise. ...
  5. Become an Airbnb Consultant. ...
  6. Start an Airbnb Cleaning Service. ...
  7. Host an Airbnb Experience.
Apr 23, 2024

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.

Can Airbnb make you financially free? ›

From hosting one room to an entire house, Airbnb can help you gain financial independence. Best yet, you don't have to own a property or rent out your own space if you choose not to.

How to make Airbnb passive income? ›

The best way to earn passive income with Airbnb is to automate as much as possible. The less direct involvement you have in being a vacation rental owner, the better. You can automate cleaning, maintenance, guest check-in and outs, payments, and more. Automation also allows you to scale your Airbnb business.

What type of Airbnb is most profitable? ›

Entire homes/apartments: Renting out an entire home or apartment on Airbnb can be one of the most profitable options, as it allows for more privacy and flexibility for guests. This option may work well for hosts who have a spare property or travel frequently and want to rent out their home while they are away.

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 rental arbitrage? ›

Rental arbitrage is the practice of renting out a long-term rental on a short-term basis. Typically, a tenant will sign a long-term lease agreement and then list that property on various vacation rental platforms such as Airbnb or VRBO.

Can you make a living from 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 do you increase revenue on Airbnb? ›

Growing your Airbnb Revenue, ADR, and Occupancy
  1. Offer an Airbnb Experience.
  2. Price right.
  3. Optimize your listing.
  4. Elevate your amenities.
  5. Ensure cleanliness.
  6. Host more people.
  7. Become a superhost.
  8. Automate property management.

How do I increase my Airbnb algorithm? ›

Master the Airbnb Algorithm by following these practices:
  1. Ensure a phenomenal experience for your guests.
  2. Ask for reviews proactively.
  3. Maintain a flexible cancellation policy.
  4. Add detailed property descriptions with high-resolution photos.
  5. Respond to requests quickly.

How do I appear higher on Airbnb? ›

How do I rank higher on Airbnb?
  1. Offering competitive prices.
  2. Receiving more 5-star reviews.
  3. Providing high-quality pictures of their accommodations.
  4. Maintaining a high response rate.
  5. Having a flexible cancellation policy.
  6. Taking advantage of the listing description section.
  7. Achieving superhost status.

How do I make money off Airbnb I don't own? ›

Becoming a short-term rental property manager is one of the most common ways to generate money on Airbnb. Services of a short-term rental manager include advertising, inspecting the property, communicating with guests, confirming bookings, cleaning or hiring professional cleaners, and addressing guests' needs.

How to host Airbnb without money? ›

How to Start an Airbnb with no Money
  1. The Airbnb Platform is Much More than it May Seem.
  2. Becoming a Property Manager.
  3. Using Your Own Vacant Property.
  4. Take Initiative on Open Rentals in your Area.
  5. Become an Affiliate.
  6. Offer Airbnb Experiences.

Does Airbnb count as income? ›

As an Airbnb host, you are responsible for paying taxes on your rental income. However, there are certain measures that you can take to help lower your tax burden. For instance, you may be able to deduct expenses such as advertising costs or home repairs related to your rental income.

How profitable is Airbnb hosting? ›

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.

How much do you get paid to host on Airbnb? ›

How much you'll get paid. To calculate your payout, multiply your nightly price by the number of nights in the booking, then add any optional extra charges per stay (like your cleaning fee). This is your booking subtotal. From your booking subtotal, subtract applicable taxes and fees.

Is being an Airbnb host worth it? ›

Higher income compared to long-term letting

Hosting short-term stays through Airbnb allows you to earn more per month in comparison to long-term letting. You can price your property per night and increase this when demand in the area is higher – during weekends, holidays or when local events are being held.

Is Airbnb still a good way to make money? ›

Yes, AirBnb is still profitable. The tourist market is HUGE and there's definitely room for you to make money in it too. Just pay attention to: Location.

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