My Airbnb made me $2,300 a month and was almost always booked. Nightmare guests made me quit hosting. - Business Insider
Summary
An Airbnb host reported earning $2,300 per month with nearly constant bookings. However, dealing with difficult guests caused them to exit the STR market. This experience highlights the potential for revenue in short-term rentals, balanced by the challenges of guest management and the impact on a host's time and mental well-being.
Key Insights
- •The host was earning $2,300 per month from their Airbnb.
- •The listing was almost always booked.
Action Items
- ✓Consider implementing strategies for screening guests to minimize the risk of problematic stays.Effort: mediumImpact: medium
- ✓Review and update your House Rules to clearly set guest expectations and boundaries.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to screen guests and having no process for managing issues. This can lead to stress and financial loss.
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Curated by Learn STR by GoStudioM