When people share their homes on Airbnb, they can make money over and above the cost of maintenance. Making the decision to become an Airbnb host will depend on several things, such as economic and social goals, as well as how much time and effort the owner wishes to spend on their condos or lofts. Downtown San Diego condo and loft owners should know the 5 best reasons to offer their homes on Airbnb.
1. Make a Profit
Many Airbnb hosts have earned enough money to pay for their carrying costs of their home or rental, plus they typically have a nice profit at the end of each month and each year. Profits can be significant—sometimes thousands of dollars per month. Those who have a mortgage may be able to pay it off early or put the profits into another property they could use to host more Airbnb guests and multiply their earnings.
2. Engage in Human Interaction
Most Airbnb guests are friendly and honest. Having other people visit you can stave off feelings of loneliness or sadness—the fact that your guests have to pay you is an added bonus. You can share stories and smiles. They’ll enjoy getting your insight on things about your city, and you can learn about theirs. You might even make some new friends in the process.
3. Learn about the World
Airbnb allows you to become connected to people from different parts of the world, which will give you a chance to learn about various cultures, history, and art, among other things. You can gain greater knowledge from your guests and they from you as you both exchange information and share your experiences. Learning about your guests’ lives and home environment, you’ll no doubt be inspired to travel around yourself.
4. Find Inspiration to Upgrade Your Home
It’s always a good idea to spruce up a home, and often people need an extra push to motivate them to do it. As an Airbnb host, you’ll now have another reason to paint the walls, add some decorations, get some new furniture, or make some other upgrades.
5. Get to Know Your City Better
As a host, you’ll realize you don’t know your city as well as you should. You’ll gain knowledge and incentive to learn some new things about your city because your guests will ask you about things such as the best places to eat, go out for entertainment, recreate, sightsee, and do other things that aren’t only for the tourists but also for locals. Invariably, you won’t know all the answers to these questions. When you research for information to gain more knowledge, you’ll be pleased to find out more of the things you can enjoy in your city.
In San Diego, real estate downtown is often used for Airbnb purposes. Whether this is something you’re interested or you just want to move in to a great condo, loft, or penthouse so you can enjoy the urban lifestyle downtown San Diego has to offer, you’ll need a trusted real estate agent by your side. Reach out to 92101 Urban Living today at 619-649-0368 to begin your search.