We finished converting our upstairs into an Airbnb unit last month. Just by hanging our shingle we are already up to 70% occupancy and have raised rates. Airbnb

We finished converting our upstairs into an Airbnb unit last month. Just by hanging our shingle we are already up to 70% occupancy and have raised rates. Airbnb is flooded by overpriced luxury stays, but there is still plenty of demand for mid-market rentals. > hired a property management company to handle the day-to-day logistics, and booked a photographer to make their listing stand out in a sea of options on Airbnb, Booking.com and Vrbo The big mistake is shopping out everything to middle men. Agencies will take your money and not care about your bottom line. You don't actually need fancy photos if you are aiming at price-conscious consumers. Cleaners will eat 90% of your profits. All of these are supposed to be your profit centers.