8 Ways To Make Money With Airbnb Without Owning Property – Airbnb is an online marketplace and hospitality service that enables individuals to rent out their properties, spare rooms, or other accommodations to travellers seeking temporary lodging.
It was founded in 2008 by Brian Chesky, Joe Gebbia, and Nathan Blecharczyk, and has since become a global platform connecting hosts and guests from around the world.
How To Start An Airbnb Business Without Owning Property:
You can work with a landlord to rent their property and further lend it on Airbnb. The best thing about Airbnb rental arbitrage is that it allows you to get passive income without large capital.
1. Airbnb Rental Arbitrage:
Airbnb rental arbitrage is essentially a business model that is based on subletting another person’s property via a sublease agreement and renting it out as a short-term rental in OTAs such as Airbnb. In a nutshell, it is taking property from the long-term rental market and renting it out in the short-term rental market.
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This one isn’t for everyone, though, since you’ll have to ask your landlord for permission before you sublet their place. If your landlord isn’t thrilled with the idea, you can offer to give them a cut of your profits – this might help to get the deal done.
2. Property management on Airbnb:
You can become a property manager for listings. This involves registering as a property manager on the Airbnb website, completing an application, and being approved by Airbnb. You will create listings, promote your services, negotiate rates with clients, manage the property, ensure cleanliness and upkeep, handle check-in and check-out, and resolve any issues during the rental period.
3. Become a cohost:
An Airbnb cohost is someone hired to manage a listing or multiple listings. Co-hosts take on responsibilities for maintaining the property on behalf of the Airbnb host. Some responsibilities taken by hosts are:
- Confirming bookings
- Communicating and responding to guest queries
- Supervise processes such as check-in, check out, cleaning, repairs, and maintenance.
- Writing guest reviews
- Update calendar
4. Start an Airbnb Cleaning Service:
If you’ve ever booked a stay through Airbnb then you’ve probably seen a charge for the “cleaning fee.” It should come as no surprise that once a guest departs from an Airbnb rental, someone has to come in to change the sheets, clean the bathrooms, and make sure the space is shiny and neat for the next guests. You could be this person!
While some Airbnb hosts are very hands-on and choose to do the cleaning themselves, many are looking to hire someone to do this work. A lot of hosts own properties all over the world and need reliable people to keep their rentals in tip-top shape.
5. Become an Airbnb Photographer:
Becoming an Airbnb photographer is a creative way to make money. To list yourself as an Airbnb photographer you can become a freelance marketplace listing photographer and get listed by Airbnb or advertise your services using platforms like Fiverr and Instagram.
6. Airbnb house-sitter:
Another way to make money with Airbnb without owning your property is by becoming a house sitter. Housesitting involves staying in someone else’s home while they are away and taking care of any problems that may arise. This can include keeping the house, making sure it’s safe, picking up mail and packages, and taking care of pets if there are any.
7. Airbnb affiliate:
If you run a website that brings in a minimum of one million visits per month, or an app that has over one million opens per month, then you can be an Airbnb affiliate.
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The affiliate program has a much higher barrier to entry than most of the other options on this list but if you have a popular website or app and an audience that could benefit from Airbnb’s offerings – why not give it a try!
8. Airbnb Experiences service:
Another creative way is to become a host of Airbnb Experiences. This means sharing your unique skills and knowledge with guests by offering a variety of experiences, such as city tours, massages, or meals at local restaurants. This is a great opportunity for people with unique talents or hobbies who want to share them with others.
