The room sharing company Airbnb is partnering with landlords nationwide to allow renters to host their apartment. The company announced the initiative Wednesday, teasing the 175 pre-approved apartment rentals in more than 25 major metro areas. 

Here’s how the new program works. First you can check the list of Airbnb approved buildings. This section of the website also has a tool where you can estimate your potential monthly earnings. The estimate is based on leasing prices and how many guests would be staying. The company says the new initiative is ideal for potential hosts who are also looking for a new apartment in one of the 25 cities. Airbnb was able to get landlords on board by allowing them to take up to 20% of the profit of each Airbnb used. Airbnb can also restrict how many days out of the year you are allowed to sublet your apartment. 

The company says it goal is to allow closer access inside major cities and to give renters a chance to make money as rent prices rise. 

If sharing your living space with strangers isn’t your idea of a perfect side hustle, then here are a few other options for 2023. The Motley Fool released a list of 7 other lucrative side hustles. 

  • Freelance Writer
  • Virtual Assistant
  • Graphic Designer
  • Social Media Manager
  • Rideshare Driver
  • Medical Scribe
  • Photographer

How are you planning to make extra money in 2023? Comment down below.

 

 

Add comment