The term the “Sharing Economy” was added to the Oxford Dictionary in 2015. Companies like Uber, Lyft, and AIRBNB have changed the landscape of the taxi and hotel industries. Being a natural sharer since the age of one when my brother was born, I decided to jump into this new economy. I rented out my basement sparingly at first and then increased my availability this year. The experience has been pretty awesome and I enjoyed renting my space.
The unexpected bonus for me was the opportunity to host guests from around the world. I was an exchange student a few times throughout my education in the Dominican Republic, Peru, and Bolivia. My host families enthusiastically took great care in ensuring my safety and sharing their cultures with me. And I always wanted the opportunity to repay the favor by hosting people from other countries. To date I have hosted South African diplomats, German and Chinese students, Singaporean business graduates, and Bermudan hip hop artists, It has been an amazing opportunity to discuss politics and culture over a cup of coffee at the kitchen table.
I quickly had to learn how to delegate my home responsibilities in order to keep the space available. Trying to work full-time and clean my house from top to bottom every 2-3 days was too taxing. So, I found a house cleaner and lawn care company to take care the inside and outside of the home while I worked. However, the game changer was taken advantage of the co-host option provided by Airbnb. There are other Airbnb hosts that will answer inquiries, greet guests, and write your listings for a negotiated percentage of your profits. My co-host was a seasoned Airbnb host that helped me revise my guest screening process, answer guest questions/concerns and keep my listing prices competitive with other properties in my neighborhood.
If you have in an interest in becoming an Airbnb host, please use my referral link below:
http://www.airbnb.com/r/nboyce6
If you would like to stay in my Airbnb studio in DC please book here: https://www.airbnb.com/rooms/17927340?s=51
Happy Hosting!