Do you travel a lot or have a second home that sits empty much of the year? You might be thinking about making a little extra cash by renting out one or both of your homes when you’re not there. How hard can it be?
Having been a short-term rental host for years, I can say with certainty that while it can be rewarding (financially and otherwise), it’s also time-consuming – very time-consuming. On average, I spend several hours a week on tasks related to our two short-term rentals: a house in the Bay Area suburbs that we rent out when we travel and a small condo in San Francisco that we rent to travelers when we’re not using it for ourselves.
Don’t get me wrong. I like being a short-term rental host. It’s challenging and frustrating, but always interesting, and it’s nice to have the extra income. But I didn’t realize when we started down this path that I’d be running a business that would require regular attention.
Here are some things I’ve learned over the years about what it’s really like to be a short-term rental host. [Read more…] about What it’s REALLY Like to be a Short-Term Rental Host