Should I AirBnB My Home?

Holiday travel can be easy with Airbnb, VRBO, or another rental platform. Not only do you get more space than a traditional hotel room, but you can also look for special features like pools, unique architecture, or accessible locations at your destination. If you’ve loved staying in an Airbnb, maybe you’ve thought about renting out your own home to travelers.

Should You List Your Home on Airbnb?

Pros of Listing Your Home On Airbnb

When deciding to Airbnb your own home, these things can be pretty appealing.

Extra income:

Depending on your location, you might be able to bring in quite a bit of extra income by renting out your home. This will vary, of course, but you can get a good idea by checking out what other similar rentals charge and deciding if it works for you.

Easy platform:

Websites like Airbnb and VRBO make it easy to get your rental publicized. You can also check out people before they come to your space and see if there have been any issues with previous rentals that they stayed in. Finally, the platforms can be a place to communicate with renters about getting to your home, letting themselves in or meeting you, as well as any house rules that you have in place.

Cons of Listing Your Home On Airbnb

Before listing your rental, here are some things to consider.

Wear & Tear

Additional people in your space means added wear on everything from your furniture to your carpet. Even the best renters need to use the things in your home, such as dishes and linens. You might also have increased utility costs, which can add up. While all of these things can be built into your rental price, it is still something to consider.

Greg Sandler

Author Bio: Greg Sandler
Greg Sandler is a distinguished leader and strategist in the mortgage and real estate investment industry. With over two decades of experience, Greg has honed his expertise in guiding his clients to build wealth through real estate.

Greg Sandler has direct and first-hand experience as co-founder and CEO of USA Investment Group Management Inc., focusing on growing real estate holdings and diversified asset portfolios. Under Greg's guidance, the company has executed hundreds of traditional real estate acquisitions and currently manages a substantial portfolio of rental units.

Greg also has a track record of driving multi-million-dollar revenues and leading high-performing teams to success in mortgage loan originations, achieving the prestigious "Top 1% Originator" status in consecutive years. Currently steering the helm as the President at USALending.AI in Keller, TX, Greg has revitalized this division of a mortgage bank, significantly expanding the company's scale.

Prior to this, Greg's role as Senior Vice President at Fairway Independent Mortgage Corp in Rocklin, CA, was marked by his pivotal contribution in establishing the company's presence in northern California and northern Nevada. Under Greg's leadership, his team of nearly 110 dedicated mortgage professionals originated and funded approximately $800 million in residential mortgages annually.

Greg's professional journey is marked by his exceptional skills in negotiation, sales leadership, financial analysis, and P&L management. His ability to strategize, coupled with his in-depth knowledge of the mortgage and real estate sectors, makes him a visionary leader and a respected figure in the industry.

To book a call with Greg Sandler, please visit: www.calendly.com/greg-sandler