How to Make Money on Airbnb Without Owning A Property

Most real estate entrepreneurs tend to believe that, in order to generate income with an Airbnb, is mandatory to own the property and rent it out. However, this is not the gospel truth. There is a vast list of options to earn money with an Airbnb without owning it. Do you want to know how? 

In this article, we’ll be talking about how to make money on Airbnb without owning one,  even if you don’t have enough capital to start. Likewise, I’ll be showing you: 

1.   What’s Airbnb?
2. How to make money on Airbnb without owning it 
3. To Sum Up

Let’s go then!

1.  What’s Airbnb? 

Firstly, we must understand what Airbnb stands for. Air Bed and Breakfast, commonly known as Airbnb is an online marketplace that allows owners to connect with seasonal tenants. To clarify, it permits people who wish to rent out their houses to do business with people who need to stay in a place with specific features and commodities for a short period. 

This peer-to-peer business model offers an easy, stress-free, relatively comfortable way to build capital for owners. Likewise, tenants usually enjoy a cheaper, homier, warmer experience in comparison with hotel stays. If you want to know more, take a quick look at this article to discover more about the Airbnb Business, and why it is considered a disruptive business.

2. How to make money on Airbnb without owning it

1.   Sub-renting

In this case, you will need a long-term rental property and get it ready for listing on Airbnb. This can be hard and challenging because you need to talk to the landlord and make an agreement, and most landlords won’t like the idea of sub-renting. 

However, you can negotiate with the landlord and I bet if you find one that accepts this, you won’t regret it, it will be very profitable and make money. So, do not get discouraged and work on finding a property that allows it.  You will need to put a price to cover your rent plus the profit and your earnings will be up to two or three times your expenses.

2.   Managing other people’s properties

So, you don’t have a property, but some people have lots of properties and do not have the time or skills to deal with and manage the listing. So here it is where you enter, you just need to promote your services and take charge of the listing on the website, confirm bookings, deal with clients, talk and communicate with them since they reserve until check out, and make sure the property is clean, restocking items if needed, and being there for any issue it can have. You can earn 20 or 30% of the total amount they charge to the clients.

Are you a wholesaler and feel overwhelmed? Maybe you do not have time to focus on your business and need somebody to help you, consider hiring a virtual assistant, to get more information Click here 

3. Cleaning services

You can start your own cleaning business and make money if you have the skills and do not mind doing hard cleaning (usually guests leave the houses pretty messy), you can offer your services to all on Airbnb through social media like LinkedIn, Facebook, Instagram, etc. there are a lot of properties looking for available and reliable house cleaners, you need to be fast and have the property shiny and ready for the next guest to arrive.

If you don't know how, do not have enough time, or just need some help promoting your real estate business, we can help you reach clients and boost your marketing, check our website to get all the information by clicking here

4.   Share your Airbnb experiences

So, if you’ve got some skills and do not have enough money to start your own business, this option can be the best one for you. Promote and share your skills with others by offering experiences in the city they visit.

For example, you can make tours in the city, take guests to the best places in your city, if you know how to make arts and crafts you can teach some, or even cooking lessons! Show your skills to others and make money! This can be very simple, you can even make it online, to apply just go to the Airbnb website and send your application. 

3. Summary

With this information given to you, you can start right now and make money, you only need to have skills in promoting and doing your marketing, this is simple and rewarding. What are you waiting for? Find some good properties, show your skills, start your own business, and make money with one of these options.

Follow us on Instagram for more information on how to grow in the real estate business.