What potential monthly income figure was noted for renting out a single spare room on platforms like Airbnb or Vrbo in some markets?
Answer
Over $2,400
Utilizing existing assets, specifically property rentals, is highlighted as a potentially lucrative approach for generating income with minimal *new* time commitment, though it requires management overhead. The text points out that renting out just a single spare room on platforms such as Airbnb or Vrbo can be highly profitable in certain markets. Specifically, figures noted indicated that this endeavor could potentially net the owner over $2,400 per month. This substantial figure showcases the high return on investment for existing property assets, even when balanced against the required management tasks like cleaning and adherence to local regulations.
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