How Airbnb Hosts can Get Extra Money during the Holidays!
The holiday season is upon us and with it comes the perennial struggle to get more money for gifts, trips to see the family, decorations, Christmas dinner and all the other expenses this time of year brings.
This struggle can be particularly hard for Airbnb hosts, because they still have all the expenses of running a business and the added costs of the holidays. The situation is made worse by Airbnb’s practice of delaying payment of bookings for weeks or months. Many hosts find themselves with plenty of reservations and an empty bank account by the middle of December.
Not surprisingly many Airbnb operators rack up at a lot of credit-card debt at this time of year. They not only find themselves using plastic to buy gifts but to cover day to day expenses such as utility bills and groceries. This means that when Airbnb gets around to paying them, all that money goes right back out to credit-card companies.
How to Avoid Holiday Debt
Fortunately there is a way for Airbnb hosts to avoid the holiday treadmill of debt. They can turn to a tried and proven age-old practice known as factoring. A factor is an entrepreneur that pays cash for unpaid invoices.
Payfully is a next-generation factoring service that pays hosts cash for unpaid Airbnb bookings and future reservations. The amount paid is less than the final booking but the host will receive the cash in his or her bank account within two business days.
A host can use Payfully to turn unpaid Airbnb bookings or future reservations into cash he or she can use to pay for holiday expenses. This can include presents for the kids, decorations, fixings for Christmas dinner, a new dress for New Year’s Eve or airline tickets back home.
Best of all you can finish the holiday season without any additional credit card debt. You can even use unpaid bookings to get cash to pay off last year’s holiday debts.
How to Make Money from Airbnb while you are out of Town
Another great use that hosts can make of Payfully is to use the extra cash to invest in an Airbnb management service.
A professional Airbnb service can allow you to rent out your units and make money from them while you are out of town. A Brooklyn resident could rent out her apartment in Williamsburg; even though she was spending Christmas with her parents in Florida. That way her apartment might pay for her airline tickets and a rental car.
All she would have to do is convert the future reservation to cash on Payfully. The reservation can pay for both the airline tickets and the management service.
A creative use of resources like management services can change the holidays from a season of debt into a time of profit. A smart host can even end the year with extra money in his or her savings account instead of more credit-card interest. That way you can enjoy the holidays instead of worrying about how you are going to pay for them.
The best way to see how Payfully can help you survive the holidays is to create your account and check out the offers they have for your future reservations. If you have any questions the team at Payfully is happy to answer them via email; info@payfully.co
Happy Holidays!
