08/06/2020
There has been a lot of uncertainty these past few months about the future of and travel, and whether or not will even survive this pandemic. In 2019, a short term rental host could easily earn some passive, supplemental income.
Now, with COVID-19 impacting the world, are wondering if the market will rebound and bring travelers back to their Airbnbs, and passive income back into their pockets.
The fact is that people still want to travel and explore. RV rentals are up 1000% in some areas, as friends and families are looking at ways to safely travel and enjoy a vacation.
I predict Airbnbs will rebound faster than hotels and resorts, as a way to safely isolate at destinations within driving distance of people's homes. Hosts should be careful to follow cleaning guidelines for guests to prevent the spread of COVID-19, and also consider having at least 72 hours between bookings to allow for thorough cleaning and disinfection.
Being ready for when the travel market beings to rebound, and planning ahead to figure out just how much you can earn will depend on the amount of time and effort you put into being a good host. Do the bare minimum, and you’ll earn the bare minimum. Go above and beyond, and you’ll reap the financial benefits. The choice is yours, but if you want to boost your , here are four things I recommend doing:
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