Airbnbs are all the rage and hype these days, due to the variety of options and diversity of experiences they provide – not just for consumers, but also for those who are looking to make some money on the side. Let us know ‘Make Money On Airbnb Without Owning Property’.
However, the first question that pops up in anyone’s mind when they think of ways to make money on Airbnb is whether they own any property which they can list on the Airbnb website. However, it is possible to earn money on Airbnb without owning ANY property and this article will list down multiple (yes, not just one!) ways in which that is possible.
Ways To Earn Money on Airbnb Without Owning Property:
Become a Property Manager
Let’s start with the most lucrative way of making money on Airbnb without any ownership of property required. Several property owners wish to enlist their properties on Airbnb but do not have the time or resources to be able to manage them. This is where you come in!. By communicating with such homeowners you can take up the job of managing and organising the property, which includes communicating with the guests, checking them in, ensuring the property is ready for the arrival of new guests, conducting payment procedures, and all other such tasks which follow. However, you will need some sweet negotiating skills to be able to strike up a nice deal with the homeowner where you are paid an adequate proportion of the booking amount for your services.
Become an Airbnb house-sitter
Another possibility includes being an Airbnb house-sitter which means that when an Airbnb host needs to go on vacation or wants someone to look after their rental while they’re away, you can swoop in to take care of the rental and charge a fee for it.
This opportunity allows you to move to a new place and live there for free while taking care of the place and ensuring everything is in order. This will involve working out a deal beforehand to discuss how much percentage of the booking the house-sitter will get and if it is a pretty cool place in a town or city you have never been to, this work can also be quite enjoyable!
Become an Airbnb Experience Host
An experienced host is a new feature introduced by Airbnb where you can earn money by taking the guests through a new or interesting experience. However, this program entails that you know the activity and can conduct an experience which the guests will enjoy, for example, a unique cuisine you can cook up at their rental, scuba diving, art therapy class, etc. This opportunity works especially well for people who have these unique skills and enjoy these hobbies since Airbnb provides a target market that will easily be induced into trying these activities.
Become an Airbnb Cleaner
Anyone who hosts or manages an Airbnb will tell you that one of the most tedious responsibilities includes cleaning up after the guests so that new guests can be checked in. These jobs can be found by directly contacting Airbnb hosts or through typical job-hunting forums such as LinkedIn or other social media platforms. You can also start a service that provides cleaners to Airbnb hosts and keep a percentage of the fee you get for yourself, thereby allowing you to provide cleaners to many Airbnbs.
Become an Airbnb Affiliate
This opportunity cannot be availed by most people, hence it appears at the bottom of the list. However, if you are one of those lucky people who run a website that has a traffic of over 1 million, then you can become an Airbnb affiliate by advertising listings on your website or app to obtain a commission with every booking that follows from this advertisement.
Become an Airbnb subletter
Although this option will provide the most returns, the reason it appears at the end of the list is because of the number of complications that arise in the process.
The first condition of availing of this option is that you rent a property for the sole purpose of listing it on Airbnb – also known as rental arbitrage. However, you will essentially be subletting the property so you need to ensure two main things: firstly, that the owner of the property is on board with this arrangement, and secondly, that the laws of the place you reside in allow for subletting and have lenient regulations on it (because a lot of places don’t). Hence, if both these conditions work in your favour, then you can strike up a good deal by charging a rent that is higher than yours along with other expenses that will be incurred as a result of listing your property on Airbnb!
Conclusion:
This article provides the top six most lucrative ways to make money on Airbnb without actual ownership of any property, but it is in no way an exhaustive list. From co-hosting an Airbnb (similar to management) to becoming an Airbnb consultant, there are many more ways to explore similar opportunities. The world (of Airbnb) is your oyster!
