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Hi, fellow hosts. I thought I’d say something nice about Airbnb. We are a retired couple with an Airbnb guestroom plus bathroom in our home. All the Airbnb money we make goes into a separate vacation fund in the Bank. I just wanted to say how thankful I am for the vacations that our Airbnb guests paid for in the last 10 years. Including:
Costa Rica five times
Cinque Terre, Italy
Martinique
Cuba
Iceland
Scotland
Maritime provinces of Canada, one full month
Long snowy weekends in Vermont and New Hampshire
Louisville Kentucky
Maine
Alaska
Western US National parks, one month!
And I know I’m forgetting some.
We would never have been able to afford these trips and count ourselves lucky to have had some wonderful experiences abroad. Next up, Costa Rica again in February!
Same here! Retired and our Airbnb income goes into a dedicated account for our travels. What comes around, goes around. Some of our trips have included two to Germany (bike trips), Spain, Trinidad and Tobago, Baja, California, (and one upcoming to Portugal) with numerous camping trips around the American West. I’m thankful for this income and that we are in a position where we can turn it around to support tourism elsewhere.
Also a homeshare host, although my guest room, which only accommodates one guest, does not generate enough income to take big trips, it does pay for my yearly summer trip to Canada to visit family and friends. I don’t have to pay for accommodation there, but the Airbnb income pays for my flights and other living expenses while there.
For the last 12 years of renting my vacation house on Airbnb, I’ve always said, “for me Airbnb is a godsend”. Paying the modest fee versus the 35% that I was paying the management company has saved me thousands of dollars.
Definitely! Our vacation home pays for itself, allows us to have great times there and travel the world! We also list our home as an exchange and if not booked on Airbnb we do exchanges for points. Those points in turn allow us to stay somewhere else. We spent a month in Europe this year using exchange points our vacation home generated.
@Riverhouse - are you US citizens? If so, you may know this already, but exchanging points (exchanging your property for another property) is considered personal use of your property by the IRS. That impacts your income tax and not for the better.
