Jordan Rodgers and JoJo Fletcher On How To Make Money From Short-Term RentalsBachlorette JoJo Fletcher and her fiancé Jordan Rodgers are now in the house-flipping business. They host "Cash Pad," a show focused on improving short-term rental properties. Here are their top six tips to make money from short-term rentals.
Renting out your home or apartment on sites like Airbnb, VRBO, and Homeaway can help you make extra cash. Airbnb hosts make an average of nearly $1,000 a month according to research from Earnest. Income varied depending on location, how often you rent out your place, and the quality of the rental (plus the services you provide).
Being a successful Airbnb or VRBO host takes more than a clever listing and some new sheets. In addition to the work involved, potential Airbnb hosts should consider start-up costs like redecorating and purchasing new beds, mattresses, couches, and other furnishings.
Here’s a quick guide on how to get started renting out your place to really maximize your earning potential.1. Do your homework: Before posting an Airbnb listing or fixing up your space you should research demand in your area and double check that you can legally operate your rental.2. Spruce up your place: Start by freeing your space of clutter and then furnishing the space.3. Snap some gorgeous photos: High quality photos of your space is another way “to set yourself up for success,” says Danny Rusteen, founder of OptimizeMyAirbnb.com and a former Airbnb employee.4. Write a descriptive listing: Think about the type of guest that will appreciate your space the most and write for that audience.5. Invest in a good check-in experience: Make sure to provide contact information in case of emergencies and provide instructions on the best way to get to your home from the airport, train station, and the local bus or metro stop.6. Stock up on quality amenities: At the very least, you need excellent WiFi and, depending on the size of your apartment, a WiFi network extender.» Subscribe to CNBC Make It.: http://cnb.cx/2kxl2rf
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Jordan Rodgers and JoJo Fletcher On How To Make Money From Short-Term Rentals
By: CNBC MAKE IT | 2 weeks ago