That said, Rusteen tells CNBC Make It that with that mindset, you're probably not going to get rich either.Īnd for every story like Miller's, there are also horror stories about terrible guests, broken furniture and run-ins with local law enforcement. "You can set-up an Airbnb with your existing space and you can make a decent side income," says Danny Rusteen, founder of and a former Airbnb employee.
Of course, that income can vary dramatically depending on where you're based, how frequently you rent out your place, the quality of your home and the services you provide.
And 82% believe this is a good money-making strategy.Īirbnb hosts make, on average, about $924 a month, according to research from low-interest lender Earnest.
About half, 54%, of those who own their own home say they'd consider renting it out through a service like Airbnb, according to a recent survey of 1,000 people by real estate data company Clever. This common side hustle attracts many who are looking to make money off an existing asset: their home.
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