Top 6 Money Saving Tips for AirBnB Hosts

Finding ways to save money without compromising your AirBnB service is part of running a successful AirBnB business.  There are lots of little things you can do to save big bucks.  Check out the top 6 money saving tips for AirBnB hosts!

Over my years of running an AirBnB out of my home, I’ve found lots of creative ways to save money.  Reducing your AirBnB operating costs will boost your profit margin.  Who doesn’t like a higher profit margin?!

And since I’m such a nice guy, I’m going to share with you some of my favorite money saving tips for AirBnB hosts.  Some of these tips save a little bit at a time and some save a bit more.  For each item, I’ve estimated how much it saves me every year.  Your situation may be slightly different, but it should give you a good idea as to how much you can save.  When doing all of these items in combination, you’ll be saving yourself a boatload of cash!

Top 6 Money Saving Tips for AirBnB Hosts

  1. Reuse Grocery Store Trash Bags (Estimated Savings = $100/year) – By using plastic grocery store trash bags in your small waste bins, you can save money on trash bags!  As an AirBnB host, you know that you go through small trash bags at a high rate, so reducing or eliminating your small trash bag expenditure can really add up!Top 6 Money Saving Tips for AirBnB Hosts - Hyperikon LED Light Bulbs
  2. Switch to LED Light Bulbs (Estimated Savings = $640/year) – AirBnB guests in your home mean that your in home lights will be in use much more.  Switching from outdated and inefficient incandescent and halogen light bulbs to energy efficient LED light bulbs is a huge opportunity to reduce your electric bill.  Not only that, but LED light bulbs are incredibly inexpensive and continue to get cheaper.  Check out my cost analysis of LED light bulbs to see how much you can save!
  3. Buy in Bulk (Estimated Savings = $350/year) – With so many awesome AirBnB guests coming and going, you will be using a high volume of consumable products such as toilet paper, trash bags, tissues, laundry detergent, dryer sheets, all purpose cleaner, and much much more.  Take advantage of reduced unit costs by buying these products in bulk!
  4. Use a Programmable Thermostat (Estimated Savings = $180/year) – By using a Top 6 Money Saving Tips for AirBnB Hosts - Honeywell Programmable Thermostatprogrammable thermostat, you can reduce the heating and cooling costs in your home with very little effort!
  5. Track your expenses! (Estimated Savings = $1,000/year)– This will pay off for you when you file your taxes.  Keep a detailed record of all of your expenditures for your AirBnB business.  When it comes time to file your taxes, correctly reporting your expenses will reduce your net income and save you money!
  6. Call your cable and internet provider (Estimated Savings = $240/year) – Tired of paying so much for cable and internet service?  Well, you might be surprised how much you can save by making a simple phone call to your cable and internet provider.  Ask the service representative what can be done to reduce your bill and you might be able to saving a good chunk of money right away!

For me, that’s a whopping savings of $2,510 per year!

These top 6 money saving tips for AirBnB hosts can really save you some green.  Take a few minutes to look at your expenses and I’m sure you’ll be able to make some simple adjustments that will add a lot of value to your AirBnB business!

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