Startup cost: $5k - $50k

Low-end estimate: This budget covers the essentials like a basic property listing on platforms like Airbnb or Vrbo, minimal furnishing, and initial cleaning supplies. It assumes you already own a property or are renting one with permission to sublet. Marketing would be limited to organic reach and social media. High-end estimate: This includes purchasing a property or a down payment, professional interior design, high-quality furnishings, professional photography, and comprehensive marketing strategies including paid ads. It also covers property management software, legal fees, insurance, and a contingency fund for unexpected repairs or vacancies. Hidden costs often include maintenance, utilities, and platform fees, which can add up over time. Online communities often highlight that while starting costs can be low, expenses tend to increase as you aim for higher quality and better guest experiences.