Here's how to turn your place into an unforgettable (and potentially lucrative) Airbnb rental. (via CNBCMakeIt)
If you want to turn your rental into a moneymaker, you can't go in having high expectations and break the bank with remodeling, only to rent it out at a low nightly rate. "That's not a smart business model," she says.
And while you might be able to welcome guests without doing this step, it could save you headaches later. Also be sure to also checkLast, while it is free to list your home on sites like Airbnb, it's important to keep in mind that the listing site will take a Even if you're just renting out a spare room, you'll likely need to invest in a new bed frame and mattress. "You have to realize everything should be furnished and it should be fairly new because you are competing with other Airbnb hosts," Weber says. He pegs the cost at roughly $1,500 per bedroom, plus another $2,000 to $3,000 for the rest of the house and common areas, which is on par with other experts' estimates.
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