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.
Brandon Miller
Founder & CEO, Mortgage Loan Originator, Lendmire LLC
- Mortgage Loan Originator · NMLS# 1129696 · Verify on NMLS Consumer Access
- North Carolina Real Estate Broker · License# 343312 · Verify on NCREC
- North Carolina Insurance Producer · License# 19053198 · Property, Casualty, Life, Health · Verify on NAIC SBS
- Lendmire LLC · Firm NMLS# 2371349 · Verify firm licensure
Legal disclosures. Lendmire (NMLS# 2371349) is a state-licensed mortgage brokerage that arranges financing through wholesale lender relationships. Lendmire is not a direct lender, depository institution, or registered financial advisor. The discussion above is general informational content about real estate financing — it is not financial, legal, or tax advice, and readers should consult licensed professionals for guidance on their individual circumstances. Loan inquiries are subject to lender underwriting; this article does not represent a commitment to lend. Loan terms, rates, and qualification standards vary by borrower, property, and state, and are subject to change at any time. Equal Housing Opportunity. NMLS Consumer Access: nmlsconsumeraccess.org.
