How To Rent Out Your Guest Room On Airbnb (And Make An Extra $1,000/Month)

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I have said it before (just last week, I believe!) and i will say it again: motherhood is one of the busiest, most challenging, yet most rewarding things you will ever do...

...and not only is it all of the above, but it is also pretty freaking expensive, seeing as though kids like to outgrow their clothes every week, eat multiple times a day, and eventually have the gaul to leave you to pursue their future at college.

Speaking of college, did you know that as of this publication, the average cost of school per year is $10,000+, which will only go up more and more by the time our kids and grandkids are ready to go? 

Now that I have got myself both worked up and freaked out, you are probably wondering why I am going off on this irrelevant tangent... well, one of the reasons I wanted to work on the side while staying home with the boys was to put more money into both their savings/college accounts and ours, and I know that I am not the only one, which is why I am constantly on the prowl for potential money-making ideas for busy moms like you. 

Enter Airbnb.

For anyone unfamiliar with the company, Airbnb "uniquely leverages technology to economically empower millions of people around the world to unlock and monetize their spaces, passions and talents to become hospitality entrepreneurs." 

In other words, your spare bedroom becomes a hotel of sorts and you take home the cash.

Obviously, this approach to making extra money is unconventional and not for everyone, but if renting out your spare room, home (if/when you are out of town), or second home sounds like a financial path you would be willing to explore, read on: 

How does renting your space on Airbnb work?

I'm so glad you asked! The first step in the process is to create or log-in to your account, in which you describe your space and location, and receive an instant estimate on how much Airbnb thinks you can earn by consistently renting it out.

 Airbnb’s estimate if I rented out our entire house consistently.

Airbnb’s estimate if I rented out our entire house consistently.

 Estimate for renting our guest room.

Estimate for renting our guest room.

Obviously, this is just an estimate and at the end of the day, you get to name your own price (also remember that Airbnb does take a 3% cut), but keep in mind that it's a competitive market, so you will want/need to price it fairly.

Once you have your Airbnb account set up, it is time to get even more in-depth about both yourself and your space, which is where you get a chance to tell potential guests a little bit about you (their host), build trust, and then explain the space even more in depth, including amenities, (towels, internet), perks (in-room snacks, breakfast in the morning), and nearby activities/attractions.

One of the great things about using a platform like Airbnb is that you have complete control over how often you rent, so if there is a particular time that does not work for having guests, you can simply block it out on your calendar! Another bonus? You can have as little or as much interaction with your guests as you would like, making this the perfect side gig for introverts and extroverts alike.

Now that you know the basics of renting your space on Airbnb, here are a few do’s and don’ts for getting the most out of your listing.

For visuals sake, the following are pictures of our downstairs guest room… if any of you reading this have an eye for design, please give me your tips for sprucing up this space!

Do: Make the space as clean and comfortable as possible

Whether you hire a professional cleaner or do the deep cleaning yourself, it is vital that your space be spick and span, as it may reflect on both you and your Airbnb rating! (You would hate to walk into a hotel room to find used sheets, dust, and an un-vacuumed floor, so don’t expect that to fly with your guests.)

Don’t: Make the space a shrine to you or your family

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As you can see, we display A LOT of old family photos on the guest room dresser, which is obviously fine when our parents visit, but may not be the best when Airbnb guests are using the space!

Do: Spruce up your space

 Not the greatest shots/angles of our guest bathroom, but bear with me!

Not the greatest shots/angles of our guest bathroom, but bear with me!

A pretty shower curtain. Some art deco prints. A colorful bedspread. These little touches can add so much to a room (and are really affordable, if you look around!), and can make your guest’s experience all the more enjoyable!

Do: Add extra amenities

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As I previously mentioned, extra amenities are always a good thing in the world of Airbnb, so get creative with it! One idea: Our basement (where the guest bed and bathroom are located) has a really nice theater room, so I would advertise that as one of the perks of staying at our home.

As you can see, renting your space on Airbnb is a great way to make extra cash, so if you are comfortable with hosting, I highly recommend you look into it! (If one of your reservations is safety — as it would be with me — check out what Airbnb does to keep you, your home, and your guests safe.)

Now I want to hear from you: Would (or have) you host on Airbnb? Let me know in the comments!

How to Rent Your Room on Airbnb