EVERYTHING YOU NEED TO KNOW TO START AN AIRBNB BUSINESS 2023
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If you’ve traveled recently, there’s a good chance you paid to stay in someone else’s home rather than a hotel, and you did so because of Airbnb. If your experience was positive, you might be asking how to become an Airbnb host yourself. While less involved than starting a business from scratch, there are still some formalities to take care of before becoming an Airbnb host. So, we’re here to discuss the economics of hosting — how much money can you earn renting out your space to travelers, and how much the process will cost you.
If you're considering becoming an Airbnb host, it's crucial that you receive the proper permission from your landlord, co-op board, or homeowner's association, if relevant. Even before you approach your landlord, read your lease, which will include a provision about subletting.
Depending on where you live, too, there might be legal restrictions to renting your home on a short-term basis. Sorting through the fine print is a headache, we know. But better the headache than violating your city's or home's laws, which can result in pretty hefty fines.
EVERYTHING YOU NEED TO KNOW TO START AN AIRBNB BUSINESS 2023
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