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According toStatista, paying Airbnb guests booked 448 million nights and experiences through 5 million hosts in 2023 alone.
Ive supplemented my income by hosting an Airbnb apartment for three years, he said.
My two-bedroom apartmentin Downtown Portland generates an average monthly revenue of $3,200.
The actual profit is much lower due to various expenses, he said.
Some Ongoing Costs Are Predictable.
Monthly costs include $400 for cleaning services, $150 for supplies toiletries, coffee, etc.
and $200 for utilities, Bellerose said.
Additionally, I set aside $300 per month formaintenance and repairs.
Then, there were expenses that he didnt see coming.
One surprising cost was insurance, Bellerose said.
Also, local regulations required ashort-term rental permit, costing $200 per year.
The upfront costs were significant, he said.
I invested $15,000 infurnishings and decorto make the apartment attractive to guests.
With Those Kinds of Expenses, Whats Left Over as Profit?
After Airbnbs 3% host fee, my average monthly profit is around $2,000, Bellerose said.
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