New Secret Lets You Afford That Second Home
Exploring Rental Income Opportunities
Another way to make a second home more affordable is by generating rental income. Platforms like Airbnb and Vrbo have made it easier than ever to rent out your property to vacationers or short-term tenants. This can provide a steady stream of income that helps cover mortgage payments and maintenance costs. According to a report by Airbnb, hosts in the U.S. earned an average of $13,800 annually in 20212. By renting out your second home during peak seasons, you can maximize your rental income and reduce the financial burden of ownership.