My family makes an extra $20,000 a year renting out part of our home on Airbnb. We started with a goal to cover day-care costs, but now we've expanded to a second property.
This as-told-to essay is based on a conversation with Jamie LaDuca, a 38-year-old Airbnb host in Scituate, Massachusetts. The following has been edited for length and clarity.
One of the first ideas we found was renting out space in our home on Airbnb. We have an auxiliary unit attached to our garage that we were using as storage. It was fully equipped with a bathroom, and there was enough space for us to put in a mini kitchen. Once the place was ready, we took pictures of it on our phones, wrote the best description we could of the space, and used specific keywords in the listing title that would attract prospective guests. We mentioned that it was walking distance to the harbor, which was a big reason tourists might want to stay in Scituate.
Since launching, we've averaged 55% occupancy during the offseason months and 80% occupancy during the summer season. There are a lot of weddings that happen nearby, and that helps us stay consistently booked.
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