Short Term Renting Your Primary: A Guide

For the past decade, I’ve been renting out a portion of my home through Airbnb and am now able to cover most of my living expenses. It has been financially life-changing and I wanted to write a guide to share what’s worked for me and what I’ve learned.

Now, that wasn’t always the case; in the beginning it was money I could use for groceries, or to go out with my friends, or to cover the electric and internet bill. But as I leveraged the strategy, the more I was able to cover with the profit.

And here we are, entering a recession with high inflation and it’s never been more important to increase your assets to battle inflation.

So, I wanted to document my experience becuase it has been such a financial win. The guide walks through basic concepts, questions and systems to help you get started short term renting your primary home. The systems and items discussed are things I myself have gone through, done, struggled with and figured out, and have implemented. I have self-managed using free tools and that’s what the guide walks through.

I will be honest and say this path may not be right for everyone. And this strategy isn’t the traditional STR investment strategy – so there are many nuances.

Mike and I have been able to live for less than $600 per month in our primary, covering most of the taxes, water, electric and gas, internet, mortgage and insurance for our home. In a high cost of living area, this has been a game-changer. I felt compelled to write this guide to share what I’ve learned in hopes that others could utilize the strategy to get on their way to Financial Freedom!

Below is a condensed version of the full guide – I’m givign it to those interested, for free! Would love to hear from you – if you have questions, want to talk through anything in the guide or if you decide to rent out your primary. Cheers to turning assets into liabilities!

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