Seattle, the Emerald City, is one of the most exciting and vibrant cities not just in the United States, but in the entire world. The last decades have seen Seattle blooming and turning into a hot destination for people from all around the globe.
When a city turns into a tourist-friendly destination, Airbnb rentals start popping up like mushrooms after the rain. It benefits both the tourists, who have to gain from the competitive market, as well as the locals who can make an extra income through Airbnb.
How Do You Make Money with Airbnb in Seattle?
Competition is continually increasing when it comes to the rental scene in Seattle, and this is good for all parties involved because competition generates revenue and progress. Tourists will start choosing the best accommodation available on Airbnb from the best price, while Seattleites will start making money through the increasing number of tourists coming to visit their fair city.
Seattle is already in the TOP 10 US cities when it comes to making money with Airbnb, with the average listing for a two bedroom apartment going for $164 per night and one-bedroom apartments go for an average of $72 per night.
These prices indicate that people can make a profit of approximately $17,000 a year for their listing. So what are your options to make money with Airbnb in Seattle?
Renting a Private Room Inside Your Home
You don’t need to have an extra property to start making money on Airbnb. Seattle is such a charming city that plenty of people would like to stay with a local who will offer them tips and tricks about the city. Staying with a local is almost always a plus, not to mention the reduced costs in comparison with renting an entire place, or going to a hotel.
Renting Your Entire Home and Staying at Friends or Parents
While this option may seem a little more extreme, it could be what you need to do to get started on Airbnb. Rent your place for a few times and test the service to see if it works for you.
During this time, try to calculate your costs and profits and draw the line to see if it’s worth getting into the online rental business through Airbnb, or not. If you decide on becoming a permanent Airbnb landlord, consider renting out a flat for a full year and add it on Airbnb. You will be in charge of managing the bookings, and you’ll make money with Airbnb, all from the comfort of your home.
Try Offering ‘Experiences’ to People Visiting Seattle
What are these ‘Experiences’? How do they work? Can anyone participate? Experiences are another innovative service offered by Airbnb to its users. People from a specific city can post different activities they are good at, like storytelling, wine tasting, origami, history, and the list can go on and on.
The next step is to try to turn your hobby or activity into something that people would like to join. For example, you can offer Airbnb users the experience of an excellent local wine tasting, or you can be their tour guide throughout the city.
Airbnb is changing, and it’s evolving fast. It’s offering more and more ways for people to make money and for people to make the most out of their traveling experience. Why not start making money today, straight from your Seattle home?