Turn Your Spare Space into Serious Cash

Book excerpt: Why not make money off that empty room? Home-hosting platforms like Airbnb have inspired millions of homeowners to start a vacation rental business. Before you leap, let this book steer you in the right direction. One room is all it takes to generate real income-if you know what you're doing. The short-stay marketplace has grown increasingly competitive. Bad reviews can torpedo bookings, while problem guests can strain your property and sanity. Written by an experienced host who earned almost $50,000 in her first year, this book provides an unvarnished picture of what to expect and step-by-step instructions for succeeding in your new venture. Packed with stories both heart-warming and hair-raising, Turn Your Spare Space into Serious Cash explains how to: Prepare your space Price it right Choose the best hosting websites Make your listing pop Offer a welcoming experience Keep even the most demanding guests happy Get five-star reviews Protect your privacy and your property Stay on top of legal, tax, and business matters Sharing your home with strangers can be frustrating and disruptive, or fun and lucrative. This useful guide helps you minimize the headaches and maximize your rewards.