Your guests pay Airbnb’s 6% to 12% booking fees.
You’ll want to consider the costs of hosting-including cleaning, higher utility bills, taxes, and Airbnb’s host fee, which is 3% for payment processing. In setting your price, you’ll want to consider the going rate in your area by looking at competing listings. Listing is free, and you can individually approve potential guests. It is up to you to decide when to make your space available and at what price.
Risks of hosting include renting your place to rude guests, theft or damaged property, complaints from neighbors, and potential regulatory violations depending on your location. Guests often find Airbnb is cheaper, has more character, and is homier than hotels. Hosts are paid out based on guest stays. Being an Airbnb host involves listing your property on its platform, which handles bookings and communications with guests. Airbnb lets you generate passive income from your home or spare room.
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