this can be a really cool way of going ahead and making some
money or me even without actually checking at home or buy a house
I just got to our first everybody room this is our little room here let me show you this
got a private porch or in Saco Maine
today I wanted to talk about a few different ways of house hacking so ever to talked about
house hacking the traditional way which is what I am doing personally of buying a multi-family
and living in one unit having the other ones pay your rent but today I wanted to talk about
specifically Airbnb and how you can take advantage of that now I know this is not going to work for
everyone a lot of people don't want to have people in their houses or they don't want to
deal with you know having different people in there all the time they want to have one steady
tenant that they can just let be so it really depends on your circumstances and perhaps you
have in your location and if that's something you want to do but it's good to know your options so
I'm going to go over a few of them here today and hopefully they can help you guys out you
guys can take advantage of one of them to make a little extra life yourself so my wife and I
are in Saco Maine that we are staying at a bed and breakfast so pretty much they have said seven room
house here that's an old Victorian and you they're renting out each room individually because they're
able to make more money that way then renting it out as an entire house especially since they
have a great location for tourists they're right next of Old Orchard Beach and some other stuff so
it really just depends on your location and what's up a place you have in your personal
personal preferences but it's definitely good to know all of your options so another way of
doing this would be my brother has a duplex so he's renting out the top story and he's living
in the bottom story he has three bedrooms down in his stories so he could go ahead and Airbnb out
those other two roomies right now he's looking for roommates instead because he's next to a college
but depending on where you're at if you're next to an airport up here in the city it might be
better to go ahead and Airbnb out those other to make probably more money than you can renting them
so another way of doing this is if you have a few extra bedrooms for instance my parents have extra
bedroom since all the kids to move down they can go ahead and air B&B that out when they want to
and then go ahead and keep the whole house for themselves when they want to as well so it's a
more flexible way of making some extra money just by utilizing the bedrooms that you already have
so another very creative way of doing this let's go ahead and leasing or renting an apartment and
then Airbnb now for more than you are paying for the rent so as long as your landlord or wherever
you're renting it from it knows and is okay with this and the building allows this this can be a
really cool way of going ahead and making some money Airbnb without actually having to own or
buy a house so the idea here is you go ahead and you print something for like a thousand dollars
and then you go ahead and if you know your market and stuff you might be able to Airbnb go for 1,500
bucks a month and then you just make that 500 bucks profit and you hey my phone so as long as
that's allowed that was a really strategic and cool way to make money in with their beauty so
another way of doing this would be going ahead and if you're on vacation or your way you could always
Airbnb out your house just for that two weeks or just for that weekend will your way to help pay
for your traveling so that's a really cool way of utilizing an empty house that's just sitting
there anyways for instance and me my wife when we go to Greece in a couple months here if we wanted
we could go ahead and air BB out our house just for that week or that two weeks and that could
help pay for most of the trip so it really depends on where you're at all right we are doing what any
two mature adults would do when you come into an empty house that you up all to yourself and it's
antique and it's full of rooms and it's three floors and you've been here for ten minutes
we were playing hide-and-seek so I'm gonna go find Meredith we'll start on the first floor
it feels like at some point someone else is gonna show up we're gonna get in trouble
hey this is difficult
dear
thanks dear you in a very good shrimp head tie and Meredith got maybe