Retirement may mean quitting your decades-long 9-to-5, but it doesn’t mean you necessarily want to take up knitting or spend all day golfing. Maybe you want to try your hand at being an entrepreneur and earn some extra money in your free time. Perhaps you want to meet new people or save up to travel. Becoming a host on Airbnb can help you make the most of your retirement— and, if you’re an empty-nester, your extra space.
Airbnb makes it simple to earn extra money by putting your extra space to work for you. You can share a spare room in your apartment, host your whole home the next time you’re out of town, or create a listing for a vacation house, if you have one. However you choose to host, Airbnb offers support that makes jumping into entrepreneurship unintimidating. The online process to create a listing is pretty quick and simple—you write descriptions of your space, upload photos, and mark dates your space is available to travellers. And it’s always free to create a listing.
So just how much could you make hosting on Airbnb? Find out what hosts in your area are making, and start imagining the possibilities. You could save up for that dream trip— a tour of Europe, perhaps, or a road trip to the National Parks—upgrade your home (kitchen remodel, anyone?), or pursue a new hobby. Airbnb makes the payment process simple, too. Guests are charged when a reservation is made, and funds are typically released to hosts 24 hours after check-in. How you’re paid is up to you: You can set up direct deposit, PayPal, or a number of other options.
Once you’re a host, Airbnb has all kinds of cool tools to help you feel comfortable and confident welcoming guests. You can find hosting tips on the Airbnb blog and get your questions answered by experienced, successful hosts in the Community Center. Nervous about the safety of your home and belongings when you’re away? Airbnb’s got your back: In the rare event an accident happens, your property is covered up to a million dollars when you host—it’s peace of mind for you at no extra charge. And as for the folks staying at your place, everyone who travels on Airbnb needs to submit a profile photo and confirmed phone number and email address. For extra assurance, you can also require your guests to submit a government-issued ID.
Hosting can also help you show off what makes your city great. Nothing’s more frustrating than meeting a visitor on the last day of their trip and hearing that they only saw the tourist haunts. When you welcome travellers from around the world as a host on Airbnb, you get to introduce them to all that makes your neighbourhood great—and drive more business to your favourite local mom-and-pop shops.
What do I need to look out for?
As always there are many factors in regard to your personal situation that should be considered, in regard to becoming an Airbnb host. There will be pro’s and con’s as with any decision, so we encourage you to visit the Airbnb website here to view some points to consider, before making your decision.