I make up to $9,500 a month renting out my home while my family lives in a trailer in the driveway. Here's how I set up my Airbnb and VRBO business.
We also started renting out our home to make some extra income. Now we spend around two weeks every month living in our trailer so we can rent out our houseOur average nightly rate is $600 in peak season and $450 in the slow season. In our first year of short-term renting our house, we almost fully replaced my former corporate income of $45,000. Here's how we set up the business.
In October 2020, the perfect trailer came up on Craigslist: a 2018 32-foot MPG travel trailer. We toured it, immediately fell in love with it, and bought it for $23,000 the same day, thanks to a loan from my grandparents. Airbnb requires five photos to start. We used iPhone photos for our listings, and the key is making them as clear, clean, and bright as possible. We uploaded photos to Airbnb and VRBO and. Forty-eight hours later, we got two back-to-back weeklong bookings, and our mortgage was paid for the month.
I created systems for our daily belongings that were traveling back and forth, like a shower caddy for skincare, oral care, hair tools, and accessories. We transport all of our clothes back and forth in giant reusable grocery bags. We just pack what we want depending on how long the Airbnb guests are staying.
Your cover photo and title of your listing should highlight your most exciting amenities to draw in potential guests It's also important to create a revenue strategy for weekends, holidays, and booking discounts. I learned how to do this when I worked for Marriott. We'd sit in meetings every Tuesday looking at our competitors' rates, evaluating what events are coming to the local area, what travel holidays are happening and shift our rates accordingly. These can all be set up automatically in Airbnb.
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