A home built in the 1930s just hit the market. The owners haven’t done many updates to the inside but they converted one of the detached garages to an Airbnb. They’ve had it listed on Airbnb for the last 18 months and they attached an Excel spreadsheet to the listing with how much they’ve made per month.
Guess what they are averaging per month?
$2,500!!!
I’m sure that covers their mortgage and then some!
What could you do with an extra $2,500 per month? Cover your mortgage? Cover your utilities? Cover other payments? I’m sure you could think of something!
What did they do to generate this extra income that they’ve made consistently for the last 18 months?
Honestly, not much!
- They bought a house with a detached structure that could be converted into habitable space.
- They paid somebody to convert it.
- They started renting it out on Airbnb.
That‘s it!
You can do this too if you want!
My wife and I have been doing this for years now. We have a similar set-up as our neighbor and we’re making over $2,000/mo too when we rent it out.
This is great supplemental income that doesn’t require you or your spouse to take on an extra job. And it’s fairly easy to manage since it’s right behind your house.
Time to start looking around! :)
