Save on Travel and Make Money at the Same Time

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Lots of folks get into the miles & points hobby to save money on travel.  But what if you could travel for less and make money at the same time?

Earn Credit Card Points Hosting Airbnb
Ever Thought About Hosting on Airbnb? I’ll Tell You How My Friend’s Airbnb Business Helps Her Get Big Travel & Make Extra Income

I have a friend who does this by hosting on Airbnb.  She rents a spare bedroom in her home during the week.  Or her entire house when she’s traveling.

This quick small business idea can help you generate extra income and grow your miles & points balances.

Hosting on Airbnb

Link:   Become an Airbnb Host

You can get started as a host on Airbnb without a large upfront investment.  Because you can list your current apartment or home.  Airbnb gives you lots of flexibility to manage which reservations you accept.  And there’s a review and verification system to help you screen guests.

And your listing doesn’t have to be a luxurious 10-bedroom vacation home.  Some folks like Airbnb because you can choose from a range of options, including cheap private rooms in areas outside of the typical touristy hotel locations.

For example, I had a great Airbnb stay in the Upper East Side in New York City.

Earn Credit Card Points Hosting Airbnb
Hosting on Airbnb Means You’ll Open up Your Home to Guests

And while hosting on Airbnb in a popular travel destination might help get more reservations, your listing can be anywhere!  Because folks might consider your place if it’s a stop along a road trip.  Or if they’re visiting your area for business.

Note:   Certain cities have restrictions on short-term rentals like Airbnb.  So be sure to check local regulations before you create a listing.

If you’re interested in hosting, I’d recommend checking out the Airbnb community forum, which has information from experienced hosts around the world.

Earn Credit Card Points Hosting Airbnb
Before You Host, See What Other Folks Are Saying on the Airbnb Community Forum

Extra income with Airbnb can definitely be attractive.  But there are lots of other things to consider like:

  • Time commitment
  • Neighbors
  • Safety
  • Taxes you may owe

Just like the miles & points hobby, it’s best to start slow.  Perhaps you can rent your place 1 or 2 times to see how it goes.

Extra Income as an Airbnb Host

I mentioned earlier my friend rents her entire home when she travels as a side business.  So if she books a trip with miles & points, the income from the Airbnb rental is used as spending money or savings.

And sometimes she uses her Airbnb calendar to determine her travel schedule.  For example, if there’s a reservation request for a long weekend, she can rent her home.  And then book a trip!

Earn Credit Card Points Hosting Airbnb
You Can Use Airbnb Earnings for Spending Money on a Trip Booked Using Miles & Points

If you decide to travel when renting on Airbnb, my friend recommends having someone close to your home on call in case your guests require assistance.

My friend also takes advantage of credit card perks to profit on Airbnb rentals.

For example, you can book a paid hotel stay with the Citi Prestige card and get the 4th night free.  So you can potentially make a profit by renting your home for 4 nights and paying for a hotel stay on the same dates.

Earn Credit Card Points Hosting Airbnb
Airbnb Hosts Can Profit by Using the Citi Prestige 4th Night Free Perk to Book Inexpensive Stays at Hotels Like the Comfort Suites Buda in Austin

Let’s say your home rents for $200 per night.  A 4-night Airbnb reservation would earn $800 in revenue ($200 per night X 4 nights).  But if you can use the Citi Prestige 4th night free perk to book a hotel stay for less than $800, the difference will be your profit.

Of course, you’ll want to run the numbers to see if this makes sense in your situation.

Airbnb Hosts Can Earn Lots of Miles & Points

Link:   Best Small Business Credit Cards for Airbnb Hosts

Link:   Earn Big Miles & Points With These 7 Quick Small Business Ideas

If you’re an Airbnb host, a small business credit card is a great way to keep your expenses separate while also earning points or cash back!

And there are many Airbnb host expenses that can go on a card, including:

  • Cleaning products
  • Bedding and linens
  • Snacks and drinks for guests, like coffee, tea, or wine
  • Breakfast foods
  • Business services like cleaning or key handoff
  • Cable, internet, and telephone service
  • Furniture
  • Kitchen appliances and dishes
  • Rent and mortgage payments
Earn Credit Card Points Hosting Airbnb
Shopping for Snacks for Your Airbnb Guests? You Can Earn Miles & Points or Cash Back by Using Certain Credit Cards

Depending where you shop, many of these purchases can earn you bonus rewards if you use the right card.

Bottom Line

Becoming an Airbnb host might appeal to folks looking to make some extra cash.  And if you’re a host who collects miles & points, you can book award travel to getaway while your home is rented.

My friend in the miles & points hobby is an Airbnb host.  And she takes advantage of certain credit card benefits to profit on her Airbnb listing.  For example, using the 4th night free perk with the Citi Prestige card to book a “staycation” while her home is rented.

Keep in mind, there’s a lot to consider before becoming a host, like the time commitment and demand for Airbnb listings in your area.

Do you host on Airbnb?  I’d love to hear about your experience!

Million Mile Secrets features a team of points and miles experts who have traveled to over 80 countries and have used 60+ credit cards responsibly to accumulate loyalty points and travel the world on the cheap! The Million Mile Secrets team has been featured on The Points Guy, TIME, Yahoo Finance and many other leading points & miles media outlets.

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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