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How much is your spare room worth?
¶ Curious?
There are many ways to simply find out what to charge a roommate or how much to rent out your spare bedroom.
¶ You can take the square footage of each room and divide it by the total square footage of the apartment. This will give you a percentage for the size and value of each room, which you can apply to the total cost of rent.
¶ You can take a look at what their neighbors were charging and pick a comparable price.
¶ Some people unfortunately just get frustrated and give up!
∆ However way you go about it, you may still be wondering whether you are charging more or simply leaving money on the table. Though there are many platforms out there to list your extra room; however, many do not do a good job of helping with suggesting a price.
∆ Airbnb, the site where you can list almost anything on the face of the earth came out with a helpful tool that can help suggest a price for your rental at www.airbnb.com/host/homes
Check it here now to see how much your spare room is worth!
∆ If you need free help with listing your place on Airbnb, you can connect with our SuperHost ambassador who will guide you through helpful tips to turn your space into an income-generating unit. Contact our Airbnb SuperHost Ambassador through airbnb.com/r/hostambassador. Using this link will ensure you are connected to an ambassador for free, seamless onboarding on the platform.
∆ For established hosts, we offer a cohosting service that literally takes the hassle out of hosting and still makes you more money from your space by optimizing your listing, pricing it well, and also handling your guest communication and Airbnb problem resolutions. Visit us Now at cohostmyplace.com
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