You don’t need to have the fanciest home to be a host on Airbnb or Vrbo. You just need to have some extra space to host guests. If you’re willing to have guests stay with you for at least part of the month, the earnings can really add up. One survey found that hosts in fifteen cities who listed one bedroom in a two-bedroom apartment could cover 81 percent of their rent via Airbnb bookings.
Of course, it takes work to get these results—beyond having extra space, you’ll need to have the time to keep your place squeaky clean and change all the linens between guests. And, not everyone is allowed to offer short-term rentals on platforms like Airbnb and Vrbo, so check your local laws.