Becoming an Airbnb host is more than just earning extra money for renting rooms in your house. Its about giving your the extra money you need to do things you want without doing much effort. It's what many call passive income -- earning money by doing little work. So how does it all work? Renting on Airbnb starts with listing your place and welcoming your first guest. You'll need to decide if you
want to rent an unused room in your home or rent your entire home. Hosts who rent a room generally share the rest of their home with the guests are are present when the guests are staying. Hosts who rent their entire home do so when they're away so the guest has private access to the home. How much money can I make on Airbnb
Hosts in Toronto earn somewhere between $50 and $250 a night! Rates vary by season and type of listing (room or entire home). Airbnb collect the money from the guests on your behalf and pays it to you 24 hours after the guest checks in. From there it generally takes 2 business days for the money to arrive in your account (although some banks can vary). What if my stuff gets damaged? This is such a common question from new hosts. Airbnb offers every host $1,000,000 in liability insurance and another $1,000,000 in coverage against any damages. But, if you ask any host they've rarely (if ever) had to claim against these policies. Who will the guests be? Guests on Airbnb come from varied backgrounds but share one thing in common - the desire to stay in accommodations other than a hotel. They do this for many reasons - lower cost, increased space (when renting an entire home), the desire to live like a local rather than a tourist and many more. After hosting nearly 75 guests in my home I can say that everyone of them came as a guest and left as a friend. Airbnb'ers are a great bunch of people. Like every group, there's always some bad apples in the bunch, but I'll show you how to w**d those out. As an Airbnb Super Host, I've been selected to participate in a pilot program with Airbnb to recruit new hosts in Toronto. When you sign up to Airbnb using my promo code you'll get a $150 cash bonus after you host your first guest and this is on top of whatever your first guest pays you to stay in your home. Ready to get started? Join me in making passive income with little work involved. Remember you'll get a cash bonus of $150 PLUS the amount you charge for renting your place. Don't wait, the pilot program with Airbnb ends soon.