With Rising Prices and Flat Wages, Two Americans Find a New Way to Pay the Rent, and Chronicle Their Experience in a New Book- Inn Your Home
Charlie Yzaguirre and Tim McCormick were both looking for ways to supplement their incomes. Their search led them to airbnb.com, a website that matches travelers and hosts for paid stays that cost a lot less than a hotel room. They fixed up their extra rooms, and began renting them. 400 room nights later, they’ve chronicled their experience in a new book, Inn Your Home – How to Turn Your Extra Space into a Money Making B&B using Airbnb, scheduled for release September 24, 2012
San Diego, CA, September 21, 2012 --(PR.com)-- Charlie Yzaguirre and Tim McCormick each found Airbnb separately, but for the same reasons. With costs rising and no raises, it was getting harder and harder to make ends meet. What started in 2011 as a way to make some quick extra money has turned into a reliable income stream for both of them. They use Airbnb to find guests who want to stay in their extra bedrooms for a few nights to a few months. What makes the business work is that Airbnb goes further to protect both hosts and guests than other web matching services. Charlie and Tim have hosted numerous Americans as well as guests from over twenty foreign countries. Airbnb is a worldwide website, and still many cities have few listings. They wrote Inn Your Home to help guide others in getting started.
Americans are facing some of the same financial pressures being felt by people all over the world. The US Commerce Department reports that wages have been essentially flat since 2008. Meanwhile, the US Bureau of Labor Statistics reports that the Consumer Price (All Items) Index has been increasing from 1% to 3% per year since 2010. And after years of foreclosures, according to real estate website Zillow, as of the first quarter of 2012, over 31% of Americans who have a mortgage on their home owe more than their homes are worth. Not surprisingly, the U.S. Department of Labor reports that as of the end of 2011, more than eight million Americans are now working second jobs. People can no longer simply try to stretch their limited paychecks. They are looking for new ways to generate income, and many of them are finding a second income with Airbnb.
Airbnb is a San Francisco based website with a quarter of a million listings worldwide, and it has been growing at an impressive rate. Guests find significant savings over staying in hotels and hosts generate income from something they already pay for, the extra space in their homes. Charlie Yzaguirre: “I didn’t realize what a waste it was having my second bedroom essentially being a storage closet until I started making the kind of money that I am making now on Airbnb.”
Charlie and Tim’s book takes readers through the process of how to turn their own extra spaces into money makers. Hosts rent everything from spare rooms to campers to caves, and a big focus of their book is on how to get started cheaply and make the most of the opportunities the website offers. Tim McCormick: “It took both of us a while to discover how to get this running smoothly and we learned as we went. Meeting all of these travelers was great fun, but figuring out how to make a business out of it came more slowly.”
For more information about Inn Your Home, visit www.innyourhome.us, or contact Charlie Yzaguirre at 619-997-2304, or business@innyourhome.us.
About the authors
Charlie Yzaguirre holds two Bachelor's degrees: one in Marketing from Boston College, the other in Hospitality and Casino Management from National University. He has been in the business of providing hospitality and customer service for over twenty years. Running his own B&B using Airbnb, and writing about it was a natural next step. Proudly born and raised in The Bronx, NY, Mr. Yzaguirre currently resides in San Diego, CA.
Tim McCormick is a freelance author and world traveler who runs a home based bed and breakfast using Airbnb. Before his current arrangement, Tim ran a large rooming house in Providence, Rhode Island and has hosted numerous travelers from around the world. Tim holds a degree in Business Marketing from the University of Rhode Island.
Americans are facing some of the same financial pressures being felt by people all over the world. The US Commerce Department reports that wages have been essentially flat since 2008. Meanwhile, the US Bureau of Labor Statistics reports that the Consumer Price (All Items) Index has been increasing from 1% to 3% per year since 2010. And after years of foreclosures, according to real estate website Zillow, as of the first quarter of 2012, over 31% of Americans who have a mortgage on their home owe more than their homes are worth. Not surprisingly, the U.S. Department of Labor reports that as of the end of 2011, more than eight million Americans are now working second jobs. People can no longer simply try to stretch their limited paychecks. They are looking for new ways to generate income, and many of them are finding a second income with Airbnb.
Airbnb is a San Francisco based website with a quarter of a million listings worldwide, and it has been growing at an impressive rate. Guests find significant savings over staying in hotels and hosts generate income from something they already pay for, the extra space in their homes. Charlie Yzaguirre: “I didn’t realize what a waste it was having my second bedroom essentially being a storage closet until I started making the kind of money that I am making now on Airbnb.”
Charlie and Tim’s book takes readers through the process of how to turn their own extra spaces into money makers. Hosts rent everything from spare rooms to campers to caves, and a big focus of their book is on how to get started cheaply and make the most of the opportunities the website offers. Tim McCormick: “It took both of us a while to discover how to get this running smoothly and we learned as we went. Meeting all of these travelers was great fun, but figuring out how to make a business out of it came more slowly.”
For more information about Inn Your Home, visit www.innyourhome.us, or contact Charlie Yzaguirre at 619-997-2304, or business@innyourhome.us.
About the authors
Charlie Yzaguirre holds two Bachelor's degrees: one in Marketing from Boston College, the other in Hospitality and Casino Management from National University. He has been in the business of providing hospitality and customer service for over twenty years. Running his own B&B using Airbnb, and writing about it was a natural next step. Proudly born and raised in The Bronx, NY, Mr. Yzaguirre currently resides in San Diego, CA.
Tim McCormick is a freelance author and world traveler who runs a home based bed and breakfast using Airbnb. Before his current arrangement, Tim ran a large rooming house in Providence, Rhode Island and has hosted numerous travelers from around the world. Tim holds a degree in Business Marketing from the University of Rhode Island.
Contact
Inn Your Home
Charlie Yzaguirre
619-997-2304
www.innyourhome.us
Charlie Yzaguirre
619-997-2304
www.innyourhome.us
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