I Put my Spare Room on Airbnb... Worth It? (my experience/earnings) #Best Education Page #Online Earning

 So in this video today I'm going to be talking to you

about my experience over the last 30 days as an Airbnb host.

Now, I didn't really mention this anywhere on social media

just because privacy reasons that I was doing an Airbnb,

but I decided to test it out for about a month or so

as one of these ways of making side income,

and a lot of people have been doing Airbnbs

in the las
t couple of years.

I know, personally, I've stayed at probably

a dozen or so different Airbnbs,

and so I was also kinda curious about this business.

So the house that I ended up purchasing

is a larger house, 1,800 square feet,

quite a bit of space for one person.

And so as a bit of an experiment,

and of course for the content,

I decided I would try out Airbnb for 30 days,

and so what I'm going to be doing for you guys

is sharing my real earnings, my real experience

with Airbnb and also whether or not

I think it's worth it to do it,

and whether or not I will continue

doing my Airbnb listing.

But that being said, if you guys do enjoy this style

of videos where I'm documenting different money making ideas

in real life, all that I ask is you drop a like

on this video, I certainly do appreciate that.

It helps out with the algorithm

and allows this video to get shared with more people.

And then lastly, if at the end of this video,

you guys are interested in learning more

about being an Airbnb host, or you potentially

want to sign up and host one of your spaces,

I do have a link in the description below for that.

It is an affiliate link, and I do earn a commission

from Airbnb if you do decide to use that link.

I certainly do appreciate your use of that link,

but again, it is not required, it's just a way

to give back to me for putting this content together.

But that being said, the very first thing I wanna do

is give you guys a tour of my Airbnb listing,

and show you guys what everything looks like.

Okay, so I'm downstairs in my house now,

and if you guys couldn't guess,

the type of listing I went ahead and did

was a private room.

So I do have different apartments here in this house

that I purchased, it's a main house with two apartments,

but I didn't have a separate empty apartment,

so I ended up doing a shared room in my home

on the second floor.

And the reason I was able to do that

is because this house actually has three floors

and I was occupying the third floor using the guest bed,

and I had a bathroom down here that I used.

So basically, my guests had full access

to the master bedroom and the master bathroom

and those were totally private, not being used

by other people.

But the very first thing I did that was really convenient

for this Airbnb, that way I didn't have to worry about

welcoming people, is I set up one of these lockboxes

on the door.

I'll show you guys what that looks like just so you know.

So when people showed up to check into the Airbnb

they just entered a code on the door,

and then that allowed them to enter,

and then I provided them with instructions

on how to actually, you know, get to the second floor

and get to that bedroom.

But that was the initial check in,

was just, you know, putting in the code,

and then they would come upstairs

to where the bedroom is and where the bathroom is.

So as you come up the stairs here,

it was actually a pretty decent layout for an Airbnb

because on the right is their bathroom,

and then on the left across the hall is the bedroom.

And then where I was, is the third floor,

so totally separate area of the house

than what they were having access to.

So the bedroom itself, I will say this,

I put a decent amount of money into furnishing it

and decorating it, but I was planning on putting

this money into this room regardless,

so this wasn't necessarily costs

that were specifically associated with this Airbnb listing.

And then I'll show you guys the bathroom really quick,

and then I'll go into more detail about

some of the different elements I incorporated

in this Airbnb.

And so the bathroom, obviously, the jacuzzi tub

is a big selling point,

and that was something I added in my listing

and I think that got me a lot more bookings,

I had a lot of people very interested,

specifically just because this place had the jacuzzi.

So other than the furnishing of the room

which I'm not really counting as an expense,

since I was going to be furnishing it anyway,

I did spend about $300

on some different supplies for the Airbnb.

One of the things I noticed early on

is that the towels that I was using were not quick dry,

and it was taking me like, three hours to dry these towels.

So one of the things I purchased was some quick dry towels.

Another thing that I went ahead and purchased

was assorted phone chargers.

I always like when you stay at an Airbnb

and they already have chargers there for you,

so I bought the three basic phone chargers

that everybody typically needs.

I did a little candy dish here,

bought some granola bars and a case of water.

Just because, I know that when I stay at Airbnbs

I really like these little added amenities.

Other than that I went ahead

and bought robes for the bathroom,

just because if somebody's using the jacuzzi,

and then they want to go from back there into here,

they can just throw on the robes.

And then I also purchased a second set of the sheets

for the bed, just because I found that was actually

kind of a pain in the butt with the turnover.

If you already had a clean set, you could change

over the bed very easily and then have it ready

for the next person, whereas if you didn't have it cleaned,

you basically had to strip the bed, wash and dry

the bedding and the pillowcases and then get it all

back on before your next guest.

So if you are somebody who does Airbnb,

I think two sets of sheets and pillowcases and everything

is definitely a must.

So that is basically it, that I was spent the $300 on,

and then I went ahead and listed this room on Airbnb

on August 19th, and I went ahead and just let Airbnb

set the pricing for me, and they said that they believed

this should be about $61 per night.

So basically, as soon as I listed this place,

I began getting bookings like crazy.

I think the first four days in a row

I was booked straight with four different guests.

Then I had two days off and then I was booked again

for five days straight.

Now I work from home and I definitely have the ability

to, you know, change the bedding over

and it wasn't that big of a headache,

but to be completely honest with you guys,

having a turnover every single night like that

was a lot of work for me.

And so what I went ahead and did after that,

is I increased my price slightly.

I was just getting too many bookings,

and I didn't wanna be booked every single night,

so I decided to increase my price by $15

and I did so by adding a cleaning fee to the listing.

So that took the price for this Airbnb from $61 per night

up to $76 with that cleaning fee for a one night stay,

and that definitely cut down on the number of bookings

that I was getting, but that was actually my goal

at the end of the day because I was just slammed with guests

and I was running around like crazy,

you know, changing over bedding, and it was just

too much for me to manage.

But then after I increased the price to $76

I was getting much more sporadic bookings,

which was actually a plus for me,

because I wasn't looking for that many,

just based on how much work it was to change things over.

I found the entire process for cleaning the bathroom

as well as, you know, making the bed,

and doing all of that,

really took me about 20 or 25 minutes,

but I don't know what to say,

I guess I'm kind of a lazy person, even that,

doing that every single day, doing the laundering,

I just found that it was a little bit too much for me

at that frequency, but if you are obviously looking

to maximize your bookings,

you're gonna wanna keep that price at a level

where you're getting consistent bookings just like that.

Okay, so now I'll answer your question

that's probably the burning question you have.

How much extra side income was I able to make

with this shared room listing?

Well as I said, I actually didn't list this place

until August 19th, and I think my first booking

was on the 20th or the 21st.

And even in that last final stretch of August,

my earnings was $507 for the month of August.

Like I said, I was pretty much booked every single day,

other than maybe three or four days

out of the end of that month.

So that was actually, really a good amount of income

for the last week and a half of August.

For September, since I did increase my price

by adding that $15 cleaning fee,

and I was also traveling quite a bit,

so I had it blacked out, the total was $256,

and then in total, the money I've made so far

from this Airbnb was $1,025 from I would say,

maybe 15 or so different guests.

All of my guests luckily gave me a five star rating.

I think this is definitely one of the nicer Airbnbs

that you could find out there.

I do think Airbnb is quite honestly, a great way

to earn some side income

if you have extra space in your home.

And I know a lot of people are worried about strangers

entering your home, or you know, the safety side

of Airbnb, and I can't speak to every single case,

but what I will say is that in my case,

everybody that came was very respectful to my space,

they were very clean, and in many cases,

they took their garbage out with them

and did little things like that, or did the dishes.

So there was actually very little cleanup on my part.

And all of my guests were absolutely phenomenal.

So I would say that Airbnb is honestly a great way

to make some extra side income, however, I personally

am probably not going to continue with it,

just because of the opportunity cost associated

with managing this Airbnb listing myself.

Since I work from home and I have many different things

I could do with my time, you know blogging,

or working on videos, or my different businesses,

this is quite honestly not the best use of my time.

At the end of the day, if I'm making, you know, $60

for a one night listing, 60 to 75 and that's taking me

even half an hour to set that up,

that's just not the best use of my time day-to-day.

There are more profitable things

that I could personally be doing.

But that being said, for the majority of people,

I would say, you know, making 60 to 75 bucks a night

for a shared room

and basically just having to clean up quick

and do a load of laundry, I think most people would agree

that it is actually worth it to make that money.

And I think Airbnb is honestly an awesome option

if you're looking to make, you know, and extra 500

to 1,000 bucks per month of side income.

And again, depending on your area and your listing,

maybe even more so.

But anyways guys, that being said,

that was my experience

with being an Airbnb host for 30 days.

Let me know what you guys think

in the comment section below.

Is this something you're considering

as a method for making some side income?

Or let me know what you guys think about being

an Airbnb host.

And as I said, if you guys do wanna learn

more about hosting your space,

of if you decide that you do wanna be a host,

there is a link down in the description below

where you can get more information

about being an Airbnb host.

The actual process for me for listing my space

took me about, you know, maybe 30 minutes at the most,

and then 24 hours later I was able to get my first booking,

so it was a very, very quick and easy process.

But that being said, thank you guys so much

for watching this video, I hope you enjoyed it,

and I will see you in the next one.

#Best Education Page #Online Earning

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