If you're a bit strapped for cash and you have an extra room or two (or even an entire property) that you're not using, you could make a heck of a lot of money by listing your space on Airbnb. Seriously!
According to some research done by Earnest, a loan startup company, you'll make more money renting out your rooms on Airbnb than you would using apps like Uber, Lyft, or Etsy. Earnest looked at loan applications from tens of thousands of individuals over two years and found that Airbnb users make an average of $924 per month. That's more than double the average monthly income generated by the second-highest side job. You can pick your jaw off the floor now...
Tucked into a corner of Blackwood, this secluded cabin is built for unplugging and unwinding. Once you’ve caught up on some rest, take your time checking out the gardens, exploring the trails, or chatting up the horses next door. Later, if you don’t feel like heading into town for dinner—and once you’re here, you probably won’t want to leave—the farm’s chef can whip up a private meal for you straight from the land. ⠀⠀ Photo: @wolfe_scott
TaskRabbit, a service that lets you pay people to perform tasks for you (like picking up your laundry, for example) came in second with people making an average of $380 per month.
Are you surprised that ride-sharing services like Uber and Lyft didn't even crack the top two? Lyft ($337/month) eventually came in third, Uber ($364/month) was fourth, and DoorDash ($229/month) — a food delivery service — rounded out the top five.
If this Balinese jungle oasis isn't the pure definition of paradise, we don't know what is. You won’t regret skipping the beach crowds to bask in the quiet shade surrounding the villa, where the only sounds to interrupt your meditative reverie are the low coos of pink-headed fruit doves and the gentle sounds of water lapping at the sides of the pool. ⠀⠀ What's your idea of paradise? Tell us using #Airbnb. ⠀⠀ Photo: @estonianna
Earning almost $1,000 each month might sound like a dream, but here's your reality check: An average is just that — an average. Some people made less than $200 dollars, though the median amount per month made was $440, which is nothing to laugh at. That said, some users were able to make upwards of $10,000 dollars. The amount you can earn is all dependent on factors like where your space is located and how much nearby hotels cost.
If you're hesitant about letting strangers live in your space, just think about all the extra money you can use to pad your bank account. Chances are you let your kid live in your home for at least 18 years without asking for a dime, so wouldn't it be nice to earn back a bit of that money?
h/t Country Living