Claim This Extra $10,400 Right Now

By Aaron Gentzler

In the most recent issue of Unconventional Wealth, I showed readers four specific ways to take advantage of the “share economy.”

How the share economy works is simple. I own things I’m not using. I
give them to you at a reasonable price for an agreed period of time.

You pay me, use the items I lend to you and then give them back. I repeat the process and lend my stuff out again for more money.

Your second home… your car… your tools… your cameras… your
kitchen appliances – you already own plenty of “stuff” the share economy
can turn into fresh capital.

In the recent Unconventional Wealth issue, I showed readers how to make $48,660 per year from the share economy. But there was one strand I didn’t cover in depth.

Let me tell you all about it right now…

Chances are you’ve at least heard of Airbnb. Put simply, Airbnb lets you rent or rent out places to stay.

Airbnb will redefine how the world thinks of booking rooms while
traveling. At the start of 2012, the company had 120,000 listings
worldwide. As I type, it has more than 300,000. The company has served
more than 4 million travelers in total and had more than 3 million
bookings in 2012 alone.

Here in the US, you can make about $100 per night renting out a private room to travelers. If you rent your entire house, apartment or condo, you can make substantially more.

But even at $100 a night per person and renting a bedroom out
just two nights a week, you have the potential to make an extra $10,400
a year.

To get started, simply visit airbnb.com.
You answer a few questions, such as what type of place you want to
rent, whether it’s a shared room or a private room, how many people the
room can accommodate and what city you’re in.

Then you can create your Airbnb profile with an email address and
upload pictures of your place. You never have to accept a booking you’re
not comfortable with. And Airbnb handles all payments from bookings.
The money appears in your account within 24 hours of your guest checking
in.

But is the money worth it? That’s a question only you can answer.

That’s why I recommend you visit the site and browse around for
listings in your area. Your first step should be to figure out if the
possible listing you have to offer matches up well with (or better than)
others near you.

Where I live, in Baltimore, Maryland, a cozy one-bedroom apartment
currently rents on Airbnb for $175 per night. Private bedrooms go for
$60-110, depending on the location. Closer proximity to cultural
attractions, nightlife or public transit all boosts the price.

If you live in the suburbs or a quiet neighborhood, you can still
benefit. Some travelers, after all, want a peaceful place to stay. You
can generate fresh income renting to these people too.

The exponential “Facebook-style” growth of Airbnb hasn’t even begun
yet. When it does, and when it begins to challenge the major hotel
chains dollar for dollar, you want your presence on the site to be well
established so you collect the biggest potential rewards.

On the other side of the equation, I recommend you use Airbnb as a
resource next time you travel. If you’re traveling on business and
visiting a city for only one night, why pay $250 to stay at a faceless
hotel when you could probably spend half as much to stay in a home or
apartment?

Visit airbnb.com today and start self-engineering wealth from the share economy.

Best regards,

Aaron.