Many travelers would rather spend their time in a furnished house than a hotel. Renting out your house or apartment while you're away, or renting your second home, can give you a nice boost of income.
HomeAway is one great site that makes this possible. If you're looking at other sites, you should know that the vacation-rental sites VRBO and VacationRentals.com are also owned by HomeAway.
Something interesting to know: While these sites all work the exact same way, and even pull listings from the main HomeAway database, they apparently do attract different clients. VRBO boasts you can make up to $63,000 a year in rental income, while HomeAway says $53,000 and VacationRentals says $40,000.
These sites let you post the usual description, images, map, etc., but they do have a few more listing options than Airbnb. You can choose a subscription listing, per-booking listing or professional management.
The subscription listing costs $349 a year per property, but gives you unlimited bookings with no extra fees. If your rental is in a vacation hotspot and it's always full, then this is a great option.
The per-booking listing charges a 10% fee per booking, which is a little steeper than Airbnb's 3%. Or, for a 13% booking fee, you can have a professional manager create your listing, and even help with onsite management, to maximize your profits.
You can also start with a per-booking plan and switch to a subscription plan if your rental turns out to be popular.