![]() It’s much more than paying its own way - it’s making quite a bit of money for me, so that’s great.” “I didn’t anticipate it would become a source of income for me. “When I bought the house, I made a deal with it – it had to pay its own way,” said Corby. She officially became a host in February. The house needed some work, which she spent around six weeks completing. Given the hot real estate market, she purchased the four-bedroom home for $511,000, around 7 percent higher than asking. She moved quickly and closed on the Saugerties home at the end of December. The fourth listing, for an 1890s Cape Cod home that could easily sleep 8 people, was just right. That day she saw three houses, but none were quite what she was looking for. “Within three minutes she was pinging me with Zillow listings and within 10 minutes we were calling realtors.” This is so nice and feels so great – I wish I could own an Airbnb,’” Corby recalled saying to her daughter, as they were staying in a Hudson Valley Airbnb. “We were sitting there, and I said ‘I just love this. Last fall, she and her daughter visited the Hudson Valley again, where her daughter attended college at Vassar and Corby frequently visited, and she was reminded of how “wonderful” the area is, she said. ![]() Breaking down the economics of an Airbnb listingĬorby didn’t necessarily dream of being an Airbnb host, or any sort of rental host for that matter. ![]() Some local Hudson Valley and Catskills towns - like Woodstock, who this summer passed a moratorium on new short-term rental applications - have expressed concern about affordable housing for residents in light of the growth of the Airbnb market and are exploring how to balance short-term accommodations with long-term housing needs. The region trails behind the earning potential for beach vacations in the South Florida Gulf Coast, where new hosts collectively earned $8 million, but follows close on the heels of star-studded Los Angeles, were new hosts as a whole netted $4 million. In the Catskills and Hudson Valley, new hosts made $3.1 million collectively on the platform. ![]() Atlanta tops the list, with $8.5 million earned by new Airbnb hosts so far this year. ![]()
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