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Have you ever considered renting out your home on Airbnb? Did you know that you can use the Homebot Airbnb interactive calculator to calculate potential earnings from renting out your home through Airbnb? Not only that, but you can see how that extra money can be applied to principal payments to reduce how long it will take to pay off your mortgage.
So you run the numbers in the Homebot interactive calculator, and weighed the pros and cons of applying that extra money to your mortgage and decided that it looks promising. What now?
Before figuring out potential earnings, homeowners need to make sure they have their assets covered. According to Airbnb’s website, there is significant coverage for those who decide to rent out their home or a room through their app. Reviewing and possibly updating homeowner’s insurance policies should be on your to-do list as well.
Homebot helps homeowners estimate what they could do with their extra money from Airbnb earnings and the Airbnb website helps potential hosts understand the value and potential earnings for a specific location.
To make the most of your income potential through Airbnb, homeowners have to make sure they make their space appealing and enjoyable. While this may take some investment, it can be well worth it since the value of a great review on Airbnb is high. BuzzFeed has some great tips on becoming a “superhost,” which means people are more likely to come back as well as increase potential income earnings.
Once you have completed all of that and are ready to get started, make some plans for your future earnings. Setting goals for this passive income is a way to ensure it will go to good use. According to NerdWallet, some great financial goals include setting up an emergency fund, paying off debts (mortgage!) and saving for retirement.
Keep in Mind–
You need a license to offer a short-term rental to guests in Denver. There are two types of licenses that apply to hosting on Airbnb:
Both of these licenses are managed by the City and County of Denver.
Find out more on airbnb.com
Ready to sign up for Homebot? Get a FREE monthly wealth snapshot of your home. Receive updates on estimated current value, see what a refinance could save you, understand when you can drop mortgage insurance & find out more about Airbnb. Click link above for more info and to sign up!
Today marks the first day of Denver Restaurant Week! Until March 1st, Denver (and surrounding areas) top restaurants will offer multi- course dinners at three different price points- $25, $35 or $45.
How to do Denver Restaurant Week right:
A few of my favorite menus include:
Menu Price: $45.00
Located on historic Larimer Street in the heart of downtown Denver, The Capital Grille boasts an atmosphere of relaxed elegance, style and award-winning service. Nationally acclaimed for dry-aging steaks on premise, The Capital Grille also serves traditional offerings such as chops, large North Atlantic lobsters and fresh seafood as well as an award-winning wine list featuring more than 400 wines.
Wedge with Bleu Cheese and Smoked Bacon
Field Greens Salad with Parmesan Vinaigrette
New England Clam Chowder
Filet Mignon 8 oz
Bone-In Dry Aged NY Strip 14 oz (Additional offerings | 12 | Grilled Jumbo Shrimp, Maine Lobster Tail, Crab Oscar)
Seared Citrus Glazed Salmon with Marcona Almonds and Brown Butter
Sam’s Mashed Potatoes
French Beans with Heirloom Tomatoes
Flourless Chocolate Espresso Cake
Classic Creme Brulee
Chef’s Suggestions | Elevate your dining experience
Sliced Filet Mignon, Roasted Wild Mushrooms | add 10
Bone-In Kona Crusted Dry Aged NY Strip with Shallot Butter 18 oz | add 10
Veal Tomahawk Chop with Foie Gras Butter | add 15
Menu Price: $25.00
Comida offers simple, small plate dining at itʼs best. We feature slow-cooked Mexican Soul Food (Mexican Street Food with just a hint of the American South), incredible handmade desserts and refreshing beverages, using the freshest ingredients and artisanal preparation, all served with care in an environment that is visually rich but unpretentious – a feast for the senses on all levels.
Antojitos (Street Snacks)
Comida Salsa + Guacamole
Salty Roasted Jalapeños
Taco Trio (choose three):
Stellas Pork Carnitas
Camarones a la Diabla
Chimayo Chili Roasted Chicken & Poblano
Beet & Carrot
Chorizo & Red Onion Escabeche
Griddled Taco Trio (choose three):
Stellas Pork Carnitas
Pico de Gallo
Bacon & Jalapeno
Key Lime Pie
Girl’s night, date night or family night… this is the perfect opportunity to go try someplace new!