12 Secrets Saving Even More Money with Airbnb - Six Figures Under (2024)

Being something of afrugal fanatic, I enjoytaking what is already a frugal option and making it into something downright, knock-your-socks-off cheap.

Just last week I shared my favorite tipsfor making camping cheaper than it already is. While camping is definitely our go-to for family activities, I know it’s not everyone’s style.

If you’re the type that prefers a real bed to a sleeping bag, then this will be right up your alley! If your idea of a vacation is comfort and luxury (or a least walls and a roof), then you’ll appreciate these tips onhow you can save money on Airbnb accommodations.

What is Airbnb?

If you haven’t heard of Airbnb, then you may be living under a rock. That’s okay though. I’ll get you up to speed with the 60 million guests who have already enjoyed accommodations with Airbnb.

Airbnb is a “trusted community marketplace for people to list, discover, and book unique accommodations all around the world.” It isturning the hospitality industry upside down. The range of options for overnight accommodations at every price point has skyrocketed.

Instead of hotels and motels, you can rent much more comfortable, inviting, personal spaces that feel much more home-yand includehosts that bend over backward to make your stay memorable. You can find single bedrooms, full homes,condos, cabins, boats, RVs, and every variety of accommodation. If you can imagine it, you can find someone who has it available on Airbnb.

Since it’s beginning eight years ago, Airbnb has grown to over 34,000 cities in 191 countries. With more than 2 million individual listings, you have plenty of one-of-a-kindtravel opportunities to choose from.

Here are 12tricks to save money on Airbnb:

Now, let’s dowhat I do best: find outhow to do it all as inexpensively as possible! Of course, you can pick and choose the strategies that work best for you.

Get a discount

I’ll start with a tip thatisn’t super creative, but is so easy no one should skip it. If you’ve never used Airbnb, then Ihave a special coupon for you! You canget $40 offyour first stay.

Book early

Unlike a hotel that has hundreds of identical rooms, Airbnb listings are all unique. Since each listing isone-of-a-kind, once it’s rented for a given date, you’ve lost your chance until it’s open again. You’ll have the best selection if you book your trip early. Awesome places that have awesome prices will go first.

Book late

Just like getting in on a flight or a cruise at the last minute, some hosts will drop their prices as the dates get closer. This isn’t a good strategy if you have your heart set on staying in a certain place or if it’s a busy season. However, if you’re taking a spur-of-the-moment trip or you’re passing through on a road trip, you can get some great last-minute deals. When your potential trip date is near, just enter thedates and location into the search like you normally would and see what you find.

Have flexible trip dates

When I was planning our upcoming trip, I was pretty flexible on the dates. We’re only going a couple of hours from home, the kids are out of school, and my husband’s work is flexible. We had several time frames that would work for us. Depending on the day of the week and the time of the year, prices vary.

12 Secrets Saving Even More Money with Airbnb - Six Figures Under (2)

When you are in a particular listing, you can hover over the calendar and see the prices for different days (Friday and Saturday night are almost always more expensive. For most places around here, it was cheaper to book for May than June-August.

Use all the search features

Using the price slider on the Airbnb website, you can narrow down what you are willing to pay and only see the accommodations in that price range. You can also click “more filters” (right below the price slider) and choose the amenities that matter. For the largest selection, choose only the amenities that really matter to you. To narrow down your options, be more particular.

Look at all the costs

Airbnb hosts set all the prices themselves. In addition to the nightly charge, they can opt to have a cleaning fee and they can charge for extra guests over a minimum. Airbnb also adds a fee. Some places charge a refundable deposit.

12 Secrets Saving Even More Money with Airbnb - Six Figures Under (3)

All of these fees are upfront and obvious when you’re searching through listings. I look for places that have a low (or no) cleaning fee. The nice thing about the cleaning fee is that you only pay it once (so if you are staying for a week, it’s less of a hit than if you’re just staying one night). I also look for places that don’t charge extra per person.

When you have entered specific dates, you will be able to see exactly what you’ll be charged, so you don’t have to worry about hidden fees.

Bring your friends along

If several couples or families are going together, you can split the lodging costs. Finding a larger place with more beds is usually cheaper than the cost ofeach family finding their own accommodations. Plus, being under one roof is much more fun.

Last summer, my family (my parents, siblings, their spouses and kids) all got together and rented a huge cabin together. It was fun for the adults to stay up late to talk and play games after the little ones were asleep. We wouldn’t have been able to do that if we were staying in separate places.

Find somewhere with a kitchen

A kitchen will allow you to cook your own meals while you’re vacationing, especially if you have lots of mouths to feed (that would be us). Shop before you traveland bring the ingredients for your favorite meals with you. If you’re staying with other families, take turns cooking for the group.

Of course it can be fun to eat out in new places, but just preparing your own breakfast and lunch can save money and still let you eat well. Plus, you’ll have somewhere to store and warm-up your leftovers!

Find awesome amenities

How does having awesome amenities save money? You won’t have to go elsewhere for entertainment. The place we’ll be staying later this month has a pool. In fact, that was pretty much our main criteria in a place. We won’t have to pay for any other entertainment. The purpose of our trip is to spend time together as a family doing things everyone enjoys. The pool fits that bill and it won’t cost us anything extra.

As I was looking through the listings recently, I favorited some other locations that had some great amenities (tennis courts!) for future stays.

Don’t overdo it

If it’s just the two of you, you probably don’t need a big ol’ cabin to yourselves, you can go for something smaller. If you’ll be sightseeing or have an itinerary where you won’t be around much, don’t worry about getting a place with fancy amenities. If you just need a place to sleep, consider just getting a room in a home rather than paying for an entire home or condo. Sometimes the host will even provide meals.

Stay longer

In some cases, it may be cheaper to stay longer. Many listings have a discounted price if you stay for a week or a month. For example, if thelisting costs $100 per night, but if you stay for a week, the price goes down 25%, then you’d pay $600 for 6 days or $525 for 7 days.

Of course, you’d also be missing an extra day of work, so depending on your schedule that may not actually save you money. However, if you’re taking an extended trip or hopping around from place to place, looking for somewhere with a discount for extended stays would really be worth it.

Don’t be afraid to ask

One of the great things about such a personal marketplace is that you can connect directly with the hosts. In fact, I would encourage you to contact your prospective hosts. Message them to make sure that the amenities that are important to you are available or ask if they can offer others.

When I see the total number of guests who can be accommodated, I always take that to mean adults accommodated in beds. I always message to let them know that we have four young children (including a baby) and ask if it’s okay if they just sleep in sleeping bags (or in a pack-n-play) on the floor.

Truth be told, you can even haggle with a host, or work out arrangements to pay more or less depending on the added services you want (or don’t want).

If you are planning an upcoming trip, want to surprise your spouse with a special getaway, or just need a night away from home, take a peek at Airbnb and see what hidden treasures are around. Whether you’re going across the globe or staying close to home, I’ll bet you’ll be able to find awesome accommodations on Airbnb!

Be sure to grab your $40 off coupon (it doesn’t expire)so it’s ready for you when you decide to book in the future.

How about you?

  • Have you used Airbnb before? Where did you go?
  • What tips do you have for saving money on vacation rentals?
12 Secrets Saving Even More Money with Airbnb - Six Figures Under (2024)

FAQs

How to earn 6 figures in 6 months on Airbnb without owning property? ›

4 Ways You Can Earn 6 Figures In 6 Months On Airbnb Without Owning Properties
  1. Follow to Airbnb rental arbitrage strategy. ...
  2. Become a qualified short term rental property manager. ...
  3. Run an Airbnb consulting business. ...
  4. Host and design an Airbnb Experience.
Dec 2, 2023

What makes the most money on Airbnb? ›

Host more People

Accommodating your Airbnb to host more guests is a great way to increase revenue. Add additional sleeping spaces like a pullout couch bed so more people can occupy the property. Take steps to make your vacation rental friendly to kids, pets, people with disabilities and the elderly.

How much can you realistically make with Airbnb? ›

Average Annual Host Revenue By Arrangement Type: 2021/2020
ARRANGEMENT TYPEAVERAGE ANNUAL HOST EARNINGS 2021AVERAGE ANNUAL HOST EARNINGS 2020
Entire Home$14,498$8,749
Hotel Room$8,452$4,885
Private Room$5,260$2,994
Shared Room$2,158$1,536

How much do Airbnb hosts make on average per month? ›

What Is the Average Airbnb Host Salary by State
StateAnnual SalaryMonthly Pay
California$37,509$3,125
North Carolina$37,432$3,119
Massachusetts$37,405$3,117
Oklahoma$37,372$3,114
46 more rows

How do I make passive income on Airbnb? ›

The best way to earn passive income with Airbnb is to automate as much as possible. The less direct involvement you have in being a vacation rental owner, the better. You can automate cleaning, maintenance, guest check-in and outs, payments, and more. Automation also allows you to scale your Airbnb business.

Can you make a living owning Airbnb? ›

How much can you make owning an Airbnb? On average, hosts in the United States make more than $13,800 per year, according to Airbnb, but those numbers vary.

Who is the top 1% earner on Airbnb? ›

To no surprise, Chris Choi has effectively earned the moniker of a top 1% Airbnb earner who continues to expand his business endeavors. Part of his successes has to do with the fact that entertainment industries generate a substantial amount of traffic across Airbnb.

How many Airbnbs do you need to make a living? ›

To become a full-time Airbnb entrepreneur, you'll almost certainly need to grow beyond offering just one property for rent. It may take three or even 10 rentals, depending on how often you can rent out your properties and for how much, to become financially secure. Growing your property portfolio is not easy.

Is renting your house on Airbnb worth it? ›

In some areas and circ*mstances, Airbnb rentals can be profitable, while in others, they may not be as lucrative. It's essential to carefully evaluate local market conditions and consider all associated costs before determining the potential profitability of an Airbnb rental.

What cut does Airbnb take? ›

Airbnb charges hosts a service fee for each booking. What percentage Airbnb takes can vary, but it's typically around 3% for most hosts. However, Airbnb's commission can go up to 14% or more for hosts who have a Super Strict cancellation policy.

How to make your Airbnb more profitable? ›

5 Ways to grow your Airbnb Revenue
  1. Optimize your pricing. By analyzing the demand and supply in your local market, you can adjust your nightly rates to maximize your occupancy and revenue. ...
  2. Improve your guest experience. ...
  3. Expand your listing. ...
  4. Use social media marketing. ...
  5. Partner with local businesses.
Mar 24, 2023

How much money do you need to start an Airbnb? ›

How much does it cost to start an Airbnb? An Airbnb costs, on average, $6k to start — assuming you already own the property. Putting everything together, Airbnb costs include: Cleaning and maintenance (e.g., supplies, cleaner fees)

Where do Airbnb hosts make the most money? ›

Miami and San Diego are the most profitable cities for Airbnb hosts. The combination of warm weather and (relatively) affordable housing make these two cities a better bet for full-apartment listings than popular but expensive destinations like New York and San Francisco.

Is income from Airbnb taxable? ›

Under US tax law, income earned from real property (such as an Airbnb listing) in the US is subject to US tax reporting even when it's earned by non-US tax residents. Accordingly, Airbnb requires every Host with US listing(s) to provide Form W-9/Form W-8.

Is hosting an Airbnb a lot of work? ›

Well, it may not be as easy as you think. Airbnb hosting takes a lot of hard work — and homework and prep work and … you get the picture. It takes work. What you put into it affects what you get out of it, so if you want to be successful, you've got to put in some literal and figurative elbow grease.

Can you make money with Airbnb without owning property? ›

As noted above, if your landlord and the law allows, you can always lease a place long-term and then re-list it on Airbnb for short-term stays. Also known as rental arbitrage, this lets you get into hosting without needing the cash to own property, just the cost of a security deposit.

How to make money using Airbnb without owning property? ›

Top 10 Ways to Start Making Money on Airbnb without Owning a Property
  1. Take the Airbnb Rental Arbitrage Route. ...
  2. Become a Short-term Rental Property Manager. ...
  3. Become a Co-host to an Airbnb host. ...
  4. Join a Vacation Rental Franchise. ...
  5. Become an Airbnb Consultant. ...
  6. Start an Airbnb Cleaning Service. ...
  7. Host an Airbnb Experience.
Aug 7, 2023

Can you make six figures on Airbnb? ›

I've been consistently making a 6 figure salary using Airbnb. The business model that I teach at Passive Airbnb is a simple one. It's called Airbnb Rental Arbitrage.

How to lease Airbnb without owning? ›

Rental arbitrage is where you use other people's properties to make a profit on your own. First, you have to find a property for rent, call the landlord and pitch the idea that you'll utilize their space as a short-term rental on Airbnb. Once you reach confirmation, you draft an agreement and get your business going.

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