How To List Your Spare Room On AirB&B
At the moment any way you can earn a little extra money is going to be much appreciated. If you list out your spare room on Air B&B to rent can be a good way to earn extra income.
If you’re lucky enough to have a spare room that you don’t need every day then you could make some cash and meet some new people. And renting out just a room is far less stressful than renting out your entire house.
Know the rules about renting
If the house is your main property, the first £7,500 you earn by renting out a room or rooms is tax free. Although if you’re letting jointly with a partner your limit will be £3,750 each. If you earn less than this your tax exemption is automatic and you don’t need to declare anything.
If you earn more than this you will need to fill in a tax return and then work out whether you’d benefit from opting into the Government’s Rent a Room scheme or not.
When you list your spare room on Air B&B it’s all about location
How much you can make with Air B&B depends on where you are located and what’s around where you live.
You can use Air B&B’s search tool to look at your location and see what properties are around and how much they’re going for.
If you’re close to an attraction, airport or music venue you may be able to get more for your spare room. And the closer you are to the city centre the more you can charge.
Listing your spare room on Air B&B
You can list your room for free, and you decide the price and the dates it’s available. Make sure you give a good description of what’s available in the room and what isn’t included. For example you may include bedding in the price, but not towels.
Make sure you also include any facilities they’ll have access to such as outdoor space, cooking areas, or washing facilities.
Air B&B usually takes 3% of what you charge to cover the cost of processing the payment.
Get insured
If you plan to list your spare room on Air B&B you are technically running a business from your home. So you will need to tell your mortgage provider. Air B&B offers a ‘host guarantee’ but you will need to let your insurer know so you make sure you’re covered just in case.
If you don’t check and amend your home insurance and a guest damages your room or belongings, or a guest gets hurt in your home your insurer might not cover you.
If you’re planning on hosting a lot of people it may be worth looking at a specialist home-sharing insurer. There are some out there such as Guardhog.
Have you ever listed your spare room on Air B&B?
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14 responses to “How To List Your Spare Room On AirB&B”
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Rhian Westbury
Travels and Destinations
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If I had a room to spare I would definitely consider listing in on airbnb. I had no idea they had that many rules around it, that is very reassuring.
I’ve been toying with the idea of renting out our extra room. This was great info on how to get that rolling. Thanks!
This is such a great resource for anyone considering doing the AirBnB thing. There’s so much to know!
Sounds like an interesting way to earn a little extra cash! Great information 🙂
We can all use a bit of extra money at the moment x
Informative read about listing the spare room on Air B&B.
This is really good advice. My sister in law has 2 AirB&Bs and I wonder if she follow these steps. I will certainly share this with her.
Oh wow that’s awesome to have two bringing in income x
Very helpful post! Honestly, I would not have even thought of doing that! But in these modern times, this may very well be a lucrative business!
This is great information. There are many things here most would not think to do because it is just a room.
I never knew that you could rent out just a room on Airbnb. That’s actually pretty cool and depending on your location, it could be a great money maker.
Yeah if you’re close to an airport/ attraction etc it could make a lot of money x
That’s a cool option to earn some money. I had no clue that renting the room on airbnb is not that tough.
This is a great way to earn some extra money especially with the rising costs. If you have a spare room that does not get used it makes perfect sense