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How Much You Can Make From Renting Your Home on Airbnb in 2022 – GOBankingRates

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ak12m / Shutterstock.com

Airbnb hosts who welcomed at least one guest in the first six months of 2021 earned an average annual profit of $9,600, according to Airbnb’s own data. What’s more, half of the site’s activated listings didn’t have to wait more than four days to receive their first reservation request.

Related: Swimply App Is ‘Airbnb for Pools’ — Could Earn Owners Up to $10K Monthly
Learn More: How To Make Money on Airbnb

That was before the omicron strain, but this winter’s surge of infections has so far not triggered anything close to a repeat of March 2020, when The Wall Street Journal reported that Airbnb lost $1.5 billion in bookings overnight. In fact, all signs still point to a notion that isn’t lost on aspiring real estate investors — it pays to own a rental property.

Make no mistake about it, the lingering pandemic is not making life easy for Airbnb hosts, but the status of Airbnb host is still the ultimate side hustle. 

Make the Most of Your Money: How To Compound Your Income in 2022

There’s Gig Work, and There’s Airbnb

Earnest, a tech-driven fintech lender, recently released a report on the sharing economy based on data from tens of thousands of loan applications. It examined the profitability of nine of the most popular money-making platforms in the gig economy, including Uber, Lyft, DoorDash, Fiverr, Etsy and TaskRabbit. 

Across all platforms, the average gig worker makes less than $500 per month, but one name stood out above all the others by far — Airbnb. Airbnb hosts earned more than triple all other workers, with nearly half earning more than $500 per month.

The monthly average for hosts was $924, blowing away No. 2 TaskRabbit, whose users average $380. A full 10% of Airbnb hosts earn $2,000 or more per month. On every other platform except TaskRabbit, either 0% or 1% made $2,000 per month.

In short, if the average person has the choice of working on the side or renting out a place, it isn’t really a choice at all.

See: 22 Side Gigs That Can Make You Richer Than a Full-Time Job

The Pandemic Has Opened a Window of Opportunity

Because of 2020, conventional wisdom says that Airbnb will fall with every surge of the virus and rise again with a new release of pent-up demand when it fades. That seems to be changing. 

Several news outlets have reported a shift in travel dynamics that’s trending away from short-term rentals and vacations in favor of long-term getaways booked by newly liberated remote workers. 

According to Motley Fool, Airbnb has gained the most …….

Source: https://www.gobankingrates.com/money/side-gigs/airbnb-rental-home-how-much-you-can-make/

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