How to make money on Airbnb without owning a property
The tourism industry has been one of the fastest growing sectors fueled by the growth of population, rise in salaries, fast transportation, and the ease of getting a home like staying place at affordable prices.
Every year people travel to various places across the globe and travel for both business and vaccination purposes.
But one of the glaring problems was a good staying place. Often hotels were good but very expensive this problem was solved by the introduction of Airbnb.
Not only does Airbnb provide decent places to stay at affordable prices but they are a good source of earning money.
Now if you are thinking that since you don’t own a place you can’t earn money using Airbnb we are here to prove you wrong and make your life merry as we have prepared the 6 best ways how to make money on Airbnb without owning a property.
I am sure you might be confused about how it is possible, well don’t worry just keep reading this article to get the answers on how to make money on Airbnb without owning a property.
What Is Airbnb
Many might not be much of a traveler and hence do not know about Airbnb, for them let’s help them gain more insight into what Airbnb is before reading about how to make money on Airbnb without owning a property.
It is an American company and its business is to provide an online marketplace for one to find a place for living in form of apartments and hotels. Hostels, holiday homes, and homestays.
It is accessible for use both through the website and mobile applications and solves the problem of finding a place to live for tourists.
Its operations are spread globally, and its idea is to increase tourist living space by allowing homes with extra rooms or an extra unused floor to be used for Airbnb stays.
So now that you are aware of what Airbnb is. Let’s not further waste time as we now shift to the main topic of discussion: How to make money on Airbnb without owning a property.
The 5 Ways How to make money on Airbnb without owning a property
Everyone can’t afford to have a place that they can rent through Airbnb and earn money so do they miss out on the opportunity to earn money through Airbnb? The answer is no we have found the 6 best ways How to make money on Airbnb without owning a property.
What are these best ways just be with us and keep reading to unlock the mystery of How to make money on Airbnb without owning a property?
1. Rent out your rented Apartment
It is one of the simplest ways to make money on Airbnb. Often rented properties that are cheap and do not have much aesthetic value are best for this purpose. So the steps are simple
- Find a property that offers a place to live at a cheap cost
- Spend some money on changing the aesthetic value of your rented apartment
- Rent it out on Airbnb at a higher rate which not only covers the monthly rent you have to pay the original owner but also lets you earn extra.
The only problem with this form of rental arbitrage is that landlords usually do not allow such practices and hence you must take permission from your landlord who could otherwise create trouble.
2. Property Management
Many owners who list properties on Airbnb often do not have the time to manage their property, take care of the online booking, be available to receive the hosts, and take care of the entire process of maintaining everything related to it.
This creates a wonderful opportunity for one to find a job as a property manager and receive a handsome salary by managing one’s property.
A degree in Hotel management perfectly sets you up to take up the role of a property manager and one can get to manage some of the best Airbnb-listed properties.
3. Airbnb Affiliate
If you run a website or blog with millions of visits per month or own a mobile application or game used by many then the Airbnb affiliate program is one of the best for making money.
It is not easy as you must fulfill the above 2 requirements to even get a chance to be an Airbnb affiliate.
Airbnb has 2 types of programs for affiliates:
- Guest Affiliate Program: This allows one to advertise any free Airbnb properties on their owned website and mobile application and every booking made through a click on the website or app’s advertisement lets you earn a commission.
- Host Affiliate Program: This allows to advertise the hosting opportunities on their website or application and one can earn a commission on every host registering through your site or app.
It’s a way to make money by practically doing nothing as you must have the blog or mobile application running for quite some time to have so many visitors or users and thus it is just reaping the rewards of years of hard work you might have put in building a website.
Often bloggers run out of patience when they don’t get the revenue out of their website but the key is to wait as once your website reaches top gear there is no stopping, so my advice is just to hold on to your website to be the rich day.
If you are looking to earn some passive income then this is the best job for you to do in an Airbnb.
Many people often do not find sufficient work and can register for housecleaning jobs in an Airbnb apartment, they clean toilets and rooms post people check out and help to keep Airbnb rooms hygienic and earn money.
Many Airbnb hosts prefer to do the job on their own due to the expenses they need to incur to keep housekeeping staff but often Airbnb accommodations with many rooms do require the services of a house cleaner.
5. Becoming an Airbnb Experience Host
If you are not interested in managing properties, Airbnb allows another amazing opportunity for you to earn money as an Experience Host a profession in which you would be helping the tourists linked up with Airbnb to experience an amazing visit to the place as a tour guide.
To become a part of the Airbnb Experience Host program one has to take part in a 3 step process as follows:
- Get more details about what the expectations of an Airbnb Host are, and how you must be prepared for the role as deemed necessary by Airbnb management.
- Next, submit an application for becoming an experienced host with a description of how you would make the touring parties experience a wonderful time in the visiting place.
- Just wait until you get a response for an interview and give your best shot once you receive the call.
Airbnb House Sitter
As compared to the job of property management this is a similar job but only on a temporary basis.
The need arises if the original owners or property manager has to leave due to an emergency and vacations, and you will get the opportunity to manage the site and earn money in their absence.
It is not an easy job in any way to make money using Airbnb especially if you don’t own a property but we do have 6 best ways to choose from and one can try one or multiple methods to make money using Airbnb.
So, what will you choose? The decision is yours to make do decide based on your strengths and comfort in doing a job.
FREQUENTLY ASKED QUESTIONS (FAQS)
What percentage of money does Airbnb take from a host?
Most Hosts pay a flat service fee of 3% of the booking subtotal. The subtotal is your nightly rate plus your cleaning fee and additional guest fee, if applicable, and doesn’t include Airbnb fees and taxes
Is it legal to rent out my rented apartment through Airbnb?
If proper permission is taken from the landlord renting out your rented apartment on Airbnb is legal.
Can I make money fast through Airbnb without owning property?
Yes, you can make a lot of money on Airbnb without owning a property if you are working in a high tourist attraction place.
Bingo We have finished helping our readers find yet another interesting article on the topic of how to make money on Airbnb without owning a property and we would now look to complete our write-up.
The covid era had hit the tourism industry pretty roughly and Airbnb was also stopped being used but now that cases are dropping, and the death rate is declining with increased vaccination across the globe people are visiting tourist places and the Airbnb business is back up and running.
So if you are looking to make some money through Airbnb without owning a property now you have the perfect guide to make headways.
We have discussed the 7 best ways to make some money through Airbnb even without owning a place and we hope you will use the resources at your disposal in the best possible way to make money.
We would now bid farewell to our readers, do let us know your thoughts through the comment section and keep coming back for new articles regularly posted and also share our articles with your friend and families.