Startup cost: $2k - $15k

The low-end estimate covers basic essentials like cleaning supplies, basic furniture, linens, and initial listing fees on Airbnb. It assumes you already have a property to use and are doing most of the work yourself. The high-end estimate includes professional photography, high-quality furniture, smart home devices, professional cleaning services, and marketing expenses. It also accounts for potential renovations or upgrades to make the property more appealing. Hidden costs can include maintenance, utilities, and unexpected repairs. While some people claim it's low-cost, expenses can increase as you aim to improve guest experience and occupancy rates.