The Airbnb Gold Rush: Is Turning Your Home Into a Rental Worth It?
Posted by Maryann Jones on
In recent years, the idea of turning your home into a rental property on platforms like Airbnb has become incredibly popular. Many homeowners in Ontario see it as a great way to make extra money, especially when they’re not using their homes. But is it really worth it? Let’s dive into the world of Airbnb to understand the pros and cons of turning your home into a short-term rental.
What is Airbnb, and How Does It Work?
Airbnb is an online marketplace where people can list their homes, apartments, or even just a room for others to rent. It’s designed to provide travellers with unique lodging options, often at a lower cost than traditional hotels. Hosts, or the people who list their properties on Airbnb, can choose when their space is available…
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