Earning quick money is never easy.
The usual tactics of going through your wardrobe and trying to flog second-hand clothes over eBay can seem a good idea initially. However, when you have to enter the logistical playground of photo uploads and endless administrative details, the effort doesn’t match the reward when you’re only banking £10 for a pair of old jeans. Don’t get us started on having to deal with the delivery part.
Car boot sales can be just as unhelpful. Sadly, the combination of hand-me-downs and back pocket change is never going to cover the cost of rent or a weekend away.
Finding an alternative
A more efficient and easy way to make money would be to rent out your property. It’s free to sign-up, it’s not an administrative headache and you get total control over prices, rules and when it suits your diary.
The idea of sharing your property with one or multiple people can appear daunting; *that* invasive thought of a stranger gate-crashing your private space is a natural worry, but sharing your property as a host makes you part of the hospitality world – a world where the rules are built around trust and the community:
“Renting my property means I reach a wide community of people and the variety of travellers are always a pleasure to meet. It’s a delight to meet guests from different cultures and host them in my cottage.”
“Guests tend to want to live like locals – an ethos which comes when sharing your property – so guests are keen to know what’s what and how you live. Encouraging people and sharing my knowlege of the local community to then see people enjoy it is just one of many reasons why I love renting my property.”
— Kim, Airbnb host
Kim eluded to the enjoyment of sharing her cottage with the travelling community as a hugely beneficial aspect of hosting as well as the financial incentive that comes along with renting your property.
The average annual earnings for a host on Airbnb was £3000 last year, which is no real surprise when there was a huge 5.9million guest who stayed at Airbnb properties in the UK; the demand is clear to see but there seems a shortage of available properties with just 168,000 active properties listed on the Airbnb website.
If engaging with the future guests is not something you would like to do, there is the option to take a step back and let the booking system do the work for you – an approach weekly user, Declan, prefers when staying in different accommodations:
“For me, the best things about Airbnb is the booking system, the flexibility of being able to choose places in exactly the location you want to go, and how you can read proper reviews and engage with hosts. I prefer hands-off hosts when I arrive, who provide clear instructions and are there if anything comes up. It also helps when they recommend some restaurants or good bars to kick things off.”
— Declan, weekly Airbnb user
With a projected figure of 24million Airbnb users in Europe by 2020, the demand is only going to continue for hosts to rent their properties. It’s a great way to earn money, a way which is in your control and doesn’t require endless administrative or delivery duties.