Startup cost: $500 - $10k

Low-end estimate includes basic costs like a security deposit for a property, minimal furnishing (e.g., second-hand furniture), and basic cleaning supplies. Essential platforms like Airbnb or Vrbo have listing fees, and you might need a simple camera for photos. Marketing can be done through free social media channels. High-end estimate covers a more professional setup with higher-quality furnishings, professional photography, and possibly hiring an interior designer. It includes comprehensive insurance, advanced property management software, and paid advertising. There might be legal fees for setting up a business entity and ongoing costs for professional cleaning services. Hidden costs can include maintenance, repairs, and unexpected vacancies. Online communities often mention that while starting costs can be low, expenses tend to increase as you aim for higher quality and better guest experiences.