Now you can earn money by hosting a International or Local guests. Make hospitality, make money
Monetize your room:
If your are living in home and one room is empty, or if your house is empty you can monetize that home by sharing your space to guest. Even if you are in hostel you can do this as well.
Some times some of your guest came to your home that is not your relative and you let me stay in separate drawing room, that is same we are discussing. But here you can earn up to 1000 dollars per month by sharing space or hosting a guest.
We will talk about the international multi national company Airbnb. Airbnb, Inc. (airbnb.com) is a company based in San Francisco that operates an online marketplace and hospitality service. It allows people to lease or rent short-term lodging including holiday cottages, apartments, home stays, hostel beds, or hotel rooms, to participate in or facilitate experiences related to tourism such as walking tours, and to make reservations at restaurants. The company does not own any real estate or conduct tours; it is a broker that receives percentage service fees in conjunction with every booking. The company has over 5 million lodging listings in 81,000 cities and 191 countries and has facilitated over 300 million check in
There is no worrying about who will be the guest ? what kind of people will they ? no .. as you have to register to that company after submitting Govt required documents. The company will register you their complete verification. As well as the guest will also registered with that company.
Airbnb helps make sharing easy, enjoyable, and safe. They verify personal profiles and listings, maintain a smart messaging system so hosts and guests can communicate with certainty, and manage a trusted platform to collect and transfer payments.on the other hand you (Host) will be Insured under the the Host Protection Insurance,
The Host Protection Insurance program provides primary liability coverage for up to $1,000,000 (One Million Dollar) per occurrence in the event of a third-party claim of bodily injury or property damage related to an Airbnb stay.
This coverage is subject to a $1,000,000 cap per listing location, and certain conditions, limitations, and exclusions may apply. Review the list of the covered countries.
The Host Protection Insurance program will only act as the primary insurance coverage for incidents related to an Airbnb stay, but it's available to hosts regardless of their other insurance arrangements.
Here are some examples of what the Host Protection Insurance program should cover:
- A guest breaks their wrist after slipping on the rug and brings a claim for the injury against the host.
- A guest is working out on the treadmill in the gym of the apartment building. The treadmill breaks and the guest is injured when they fall off. They bring a claim for the injury against the host and the landlord.
- A guest accidentally drops their suitcase on a third party's foot in the building lobby. The third party brings a claim for the injury against the host and the landlord of the host’s building.
Some examples of what the Host Protection Insurance program doesn’t cover:
- Intentional acts where liability isn’t the result of an accident.
- Accusations of slander or defamation of character.
- Property issues (ex: mold, bed bugs, asbestos, pollution).
- Auto accidents (ex: vehicle collisions).
For now, this policy only applies to hosts in covered countries. They’re working hard to expand this and other programs to hosts around the world. You can find the list of the covered countries at www.airbnb.com/host-protection-insurance.
How is the price determined for my reservation?
The total price of a reservation on Airbnb is based on a few factors. Note that the price is charged in full once a host accepts your reservation request (or if you use Instant Book).
Costs determined by the host:
- Nightly price: Nightly rate decided by the host
- Cleaning fee: One-time fee charged by some hosts to cover the cost of cleaning their space
- Extra guest fees: One-time fee charged by some hosts to cover other costs related to using their space
Costs determined by Airbnb:
- Airbnb service fee: Guest service fee charged for all reservations to help Airbnb run smoothly and offer 24/7 customer support
Other costs that may be included:
- Currency exchange fee
- Value Added Tax (VAT): Tax charged to guests who live in the European Union, Switzerland, Norway, Iceland, South Africa, and Japan (charged as JCT).
- Local taxes—Any taxes charged based on the location of the host's listing
Note: Security deposits are only charged if the host needs to make a claim.
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