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 the most money with Airbnb? ›

  1. Offer an Airbnb Experience. Up the ante by offering an Experience to go along with your property. ...
  2. Price Right. Finding the right balance on your nightly rate can be tricky. ...
  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 become financially stable on Airbnb? ›

Become a highly sought-after property manager or co-host and provide your skills in return for a portion of the rental money. As an alternative, consider long-term rental arbitrage through short-term subleasing of the property and lease negotiations with landlords.

How do I become a profitable Airbnb host? ›

Price your Airbnb competitively against local hotels, not other rentals, to attract guests by offering better value while maintaining profitability. Approach short-term rentals as a full hospitality business, emphasizing cleanliness, responsiveness, and guest satisfaction to earn positive reviews and repeat bookings.

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 the 90 day rule on Airbnb? ›

Airbnb doesn't allow properties to be rented out for more than 90 nights per year. If your limit for bookings is reached, Airbnb will automatically close your property until the end of the calendar year. In addition to 90 consecutive days, the 90-day limit also applies to 90 days spread throughout the year.

How to increase Airbnb income? ›

8 Ways to Improve Your Airbnb Rental Income and Boost ROI
  1. Automate Property Management and Cleaning.
  2. Perfect Your Rental Rates and Incentivize Longer Stays.
  3. Utilize Market Insights.
  4. Check the Events Calendar.
  5. Focus on Amenities and Services.
  6. Play with Occupancy-Based Adjustments (OBA)
  7. Optimize Airbnb Summary and Description:
Mar 21, 2024

Where is the most profitable place to own an Airbnb? ›

The Best Airbnb Investment Cities and their Metrics
CitiesRevenue
New York$4,187
Fort Lauderdale$4,560
Miami$4,062
Los Angeles$4,275
17 more rows

How do I start passive income on Airbnb? ›

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.

Can you make a living managing Airbnb? ›

Becoming an Airbnb property manager can be a fulfilling career path – and you can also make a lot of money with it. The short-term rental industry is forever growing: now is as good a time as any to take the next step and set up a property management business.

How much can you realistically make with Airbnb? ›

Starting with national averages

According to Earnest.com, about one in two Airbnb hosts earns less than $500 per month and nearly three in every four earns less than $1,000 per month. Only one in ten hosts will earn $2,000 or more per month.

How to stand out on Airbnb? ›

10 Hacks to make my Airbnb standout
  1. 1) Competitive Pricing. ...
  2. 2)Increase Guest Reviews. ...
  3. 3) Keep your listings precise, pertinent and enthralling. ...
  4. 4) Target the ideal guests. ...
  5. 5) Invest in great photography. ...
  6. 6) Allow spontaneous bookings. ...
  7. 7) Request other local hosts to recommend your property.

How to be an excellent Airbnb host? ›

Keeping Guests Happy: Airbnb Hosting Tips and Tricks for an Improved Guest Experience
  1. Make check-in easy and secure. ...
  2. Craft an in-depth manual for your listing. ...
  3. Make it personal. ...
  4. Be in touch with them. ...
  5. Always make up for something that goes wrong unexpectedly. ...
  6. Keep the property simple and clean. ...
  7. Be responsive.
Mar 8, 2022

What type of Airbnb makes the most money? ›

For Airbnb hosts looking to make a living on the hospitality platform, full apartment rentals are the way to go. Rates for full apartments are significantly higher than those for single rooms and income after expenses ranged from $15,000 to $31,000 in our analysis.

How do I know if an Airbnb will be profitable? ›

How to analyze an Airbnb property (and make a smart investment)
  • Decide the type of property that you want to buy. ...
  • Compare the purchase price to properties in the area. ...
  • Observe nearby Airbnbs. ...
  • Review your liabilities. ...
  • Seek professional advice on taxes. ...
  • Factor in the mortgage payments. ...
  • Calculate cash flow vs appreciation.

Is income from Airbnb taxable? ›

Regardless of whether you receive a Form 1099-K, the rental income you earned from Airbnb is reportable on Form 1040, unless the non-taxable rental exception applies (discussed below). It is important to note that the gross amount reported to you will exceed the actual amount paid-out by Airbnb.

What are the most profitable Airbnb? ›

Miami and San Diego are the most profitable cities for Airbnb hosts. The combination of warm weather and (relatively) affordable housing make these two cities a better bet for full-apartment listings than popular but expensive destinations like New York and San Francisco.

How do I maximize my Airbnb algorithm? ›

Great photos. High-quality listing photos, and in particular an eye-catching cover photo, help attract guests' attention and improve engagement, which can improve ranking. A comprehensive listing description and accurate list of amenities help guests evaluate the listing and develop the confidence to book.

How much do top Airbnb owners make? ›

$26,500 is the 25th percentile. Salaries below this are outliers. $125,000 is the 75th percentile.

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