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The Pros and Cons of Renting Your Place on Airbnb

via https://www.biggerpockets.com/blog/pros-cons-airbnb




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When Erin and I first short-term rented our place on Airbnb years ago, we didn’t know what to expect. Airbnb’s biggest proponents spun tales of easy money falling like leaves from an autumn tree, while its biggest opponents wove dire stories of raging parties that ruined their homes and left them questioning humanity.


More than 150 guests later, I can say we’ve experienced more of the former than the latter. Still, one of the most common questions buyers ask me is, “What are the pros and cons of renting your place on Airbnb?”


I’ll lay out the biggest ups and downs below. (Hint: Neither the disciples nor the detractors got it completely right.)

Pros


Money