Converting a basement into an apartment

Dee Yonker

Do you have an empty basement doing nothing but storing Christmas decorations and boxes of your kid’s outgrown clothes? Now’s the best time to convert it into a rental for extra income.

Since 2008, Airbnb has transformed the short-term rental industry. At a time when hotels were struggling to stay open, this online reservation platform covered the globe with places to stay. And, according to iProperty Management, in 2018 women in the United States made $4 billion hosting on the site with an average nightly rate of $185.

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