Renting Out Your House
Retirees are not only one of the top demographics that participate in summer travel, but they are also the fastest-growing group of short-term rental hosts in the US. In fact, according to Airbnb’s 2017 report, senior hosts have earned a collective $747 million in income through the short-term rental community.
People own and operate vacation rentals for a variety of reasons: to have a home in their favorite resort area, to secure a place for future retirement, to help offset the cost of a second home and to earn extra income. Yet, few enter this industry knowing that their venture will be considered a small business.
