It's easier to make money from Airbnb in some cities than it is in others and it might surprise you what regions are generating a decent amount of business.
There are homes listed in
over 190 countries worldwide and the hosts associated with Airbnb have already helped over 100 million people to book a room for their trip. How much money those hosts make differs depending on their area and the property that they are offering etc.
Though, in a popular region like San Francisco,
that's struggling with a real estate crisis, you might find an Airbnb host
earning over $1,900 per month. In a place like West Virginia, many hosts there are also making good money as well, some seeing $7,000 annually or
more from their rental.
Airbnb hosts in WV collectively made more than $10 million this year alone, serving roughly 90,000 guests to the state.
While there are some hosts who might rent out a portion of their property for a little extra on the side, there are others who are engaged in the practice to a much larger extent.
One previous study on Airbnb locations in Montreal, Canada, suggested that only 10 percent of hosts had earned a majority of the revenue; many held multiple listings.
In London, there is one Airbnb host who is said to own over
800 properties that help to bring in over £11.9m annually through hosting.
Airbnb continues to see a plethora of social and legal challenges as there are many critics, disgruntled neighbors and guests etc, who aren't pleased with the growing prevalence of the short-term rental model. They are still growing though and it's impressive to see how far
they've come in such a short amount of time already.
The top 3 profit producing cities these days for Airbnb hosts are reportedly Bridgeport, CT, Virginia Beach, VA, and Charleston, SC.
pics:
pixabay
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I absolutely love Airbnb and use it whenever possible! I have never had a bad experience and always make sure that I leave a review about it on the site so others benefit from my experiences.
!tip
Hi there! Agree, and agree! Have a great day! -Dan
Thank you. Same to you!
With the internet today, there are so many different ways to make money. There is opportunity everywhere, just need to be able to take advantage!
true, it pays to get creative :)
And I get why!
If I have a choice of going somewhere, honestly I oftenly choose for Airbnb, it is just so much smaller than normal hotels and often with way better price/quality range.
I knew some people who were renting out on the Caribbean and they were also making a killer profit, I get why it is so successfull and also why it is has been regulated in some countries in the later couple of years
Shame on me! I was going through who I'm following and was cutting the fat, some how you got unfollowed! Woooops. But I got you back now, and stopping by for another great article! This one really applies to Travel Pros! lol
Airbnb has been great for me. Including my 23 dollar per night pent house sweet in Odessa Ukraine with a jacuzzi and views of the Black Sea.
Many other places as well including another sweet spot in the heart of Buenos Aires for a cool 25 bucks a night. Airbnb, not too be over looked.
I'm still in Pai Thailand but I'm heading down to Bangkok January first, then this small Island that just got electricity a couple years ago, called Ko Phayam. Life is good my friend. Merry Christmas and Happy New Year!
-Dan
23/night ? you keep finding these incredible deals lol
It's what I do best brother! haha. Some parts of the world make a poor American feel like a very rich man.
that has happened to me a couple of times? i'll be looking on someones page and it offers me the option to follow them though I could've sworn I already had been? not sure what's going on lol
Steemit is a bit glitchy I suppose. Glad I've got you back on my feed brother.
How do you find rental information for any city, such as Saint Petersburg Russia, or other city?
you mean how much an airbnb host makes? im not sure if there is one central database with all of that information? but there are different articles you can find
Thank you @doitvoluntarily, been looking to divest, rental property is part of the equation.
🎁 Hi @doitvoluntarily! You have received 0.1 STEEM tip from @dswigle!
@dswigle wrote lately about: Beautiful Sunday, Sublimely So Christmas Feel free to follow @dswigle if you like it :)
Sending tips with @tipU - how to guide :)
In this town, people are being evicted by landlords who can make much more money from short-term rentals. The vacancy rate for rental apartments is now statistically zero per cent - meaning too low to measure.
We thought we were going to be evicted from our apartment but it seems we're getting a one year reprieve. Meanwhile, homes on both sides of us have now gone Airbnb. It all depends on whether you are a landlord or a tenant.