Today I am pleased to present a friend of a friend, Jenn. She’s sharing her experience thus far renting out her home in Oregon with AirBnB. If you haven’t heard of AirBnB before, check out last week’s post called What is AirBnB?
Jenn – My Experience Renting My House Out on AirBnB
Where did you get the idea, to rent out your own place?
I had a tenant move out of my rental house that was for sale – to make up the rent $ until the house sold I put my house on AirBnB and stay in the rental house when the house is rented out.
I don’t know if I will continue to rent my house out once my rental house sells.
What part of your house do you rent out? How does that work, for you?
I actually rent out a bedroom as well as the whole house. I prefer renting the whole house. When I first listed my house I didn’t know how popular it would be – turns out it was very popular and I learned to require a minimum of two night stays and block all the weekends for the house only for rent to maximize.
What do you do if you want to go home?
When the whole house is rented – I try to anticipate everything I need and if I forget something I wait until they leave. Example – I locked my keys in my car Sunday morning a few weeks ago and waited until my guest left to get the spare.
What has been the hardest part so far?
The constant cleaning – but the payout is worth it, so far.
What kind of personality do you think is needed to be an AirBnB host?
Someone that is not too uptight about their house and has a host/hostess personality. I interact with my guests as much as they want – sometimes it is very minimal and sometimes it is multiple calls and lots of email/text exchanges.
What’s the most odd experience you’ve had as a result of being an AirBnB host?
Nothing really odd, but I have had many guest leave bottles of wine. One person left a bottle of Makers Mark. I do leave the fridge stocked with local beer, seltzer water, local fresh OJ and usually a bottle of chilled wine and local coffee. The best one so far was – I have a decorative bowl on my kitchen table and I put a Haitian coin in it from a recent trip. One guest left a Palastani note. I thought that was excellent! I left it there hoping it would catch on and other guests would leave foreign $ without me saying anything. That has not happened so far.
This is Money Propeller, and we like airplane references. Who is your favourite person on Top Gun?
Kelly McGillis “Charlie”, although it has been a long time since I saw that movie.
Have you learned anything by the school of hard knocks?
So far I have had a really positive experience. I have really enjoyed interacting with the guest and they have been very kind and respectful of my house and property.
Is it financially worthwhile, for you? What insights can you give us about the financial end?
YES! While it has been a bit of a pain not being in my house most of the summer and having to do a lot of cleaning, washing sheet and towels or finding someone that can when I am at work and I have a change over, it has been financially worth it so far.
I do keep a record of all the consumable costs and cleaning time.
Will you continue to do this through the fall? What about ski season?
I am not sure – when and if my house rental house sells I will not have a house to go to. I might offer my house two weekends a month and plan on leaving town on those weekends.
What are the key plusses and minuses?
The top plusses for me have been the $$ and meeting people and learning their story. The minuses – you just never know what is going to happen, every time I walk into my house after a guest leaves I think please don’t let this one be the person that destroyed my house.
Who should stay with AirBnB?
Someone that likes unique experiences.
Anything else you’d like to add or a message you’d like to spread?
Right now this is a unregulated mini economy and I love that. Soon it will become very regulated – I think it is a great way to earn some extra $$ and the schedule is completely flexible. I will enjoy it while I have the option.
Thank you so much, Jenn! I’m so glad to hear that it has worked out so well. If you would like to read more about AirBnB, from the perspectives of travelers and hosts, click here to read our posts.
Would you consider renting a part or all of your house with AirBnB?
If you sign up for AirBnB using any of the links in this post, you can get a $25 credit toward your first booking, no matter when you take it. All you have to do is create an account, and it will be waiting for you whenever you decide to book.