Millions are buying up homes to rent out as the “AirBnB-type” part of the sharing economy has exploded into a multibillion dollar business. GREEN blogger and Real Estate journalist Barbara Ballinger discusses exactly practical steps for how BOTH homeowners (who do this to earn extra income to supplement their main jobs or when they’re retired as their main source of income) and investors (make a full-time business out of buying up properties as investment income and never reside in these homes) can rent out their property to “Draw More Dollars from Your Home.”
Renting out your house, cottage or apartment involves posting photos of the exterior and enough of the key interior rooms, a description, and prices on one of the many rental sites such as Airbnb, VRBO, or Homeaway. Sounds simple enough. But to attract renters on a regular basis and garner good reviews—which will help attract more renters—it’s important to take time and put in effort to make your home as presentable and welcoming as possible.