Last Updated on October 1, 2021 by Justin Su
Want to know how to make money with Airbnb without owning property? Making money online is easy when you know where to start and where to go.
There are many house owners who are generating six-figure income with Airbnb. There are earners who don’t have their own house but still making money with Airbnb.
If you know how you can start then it is one of the easiest jobs you can do but it requires some management skills and patience.
Airbnb business is profitable only when you understand the market and other related things. You have to pay taxes, gaining trust, caring other expenses, and much more.
In this article, we are going to learn how to make money with Airbnb without owning a property or house, method, and detailed explanation.
Methods To Make Money With Airbnb Without Owning Property
Everyone doesn’t have a house which he or shares can be put on rent on Airbnb because of personal reasons. But what if you get a house from someone for rent?
Following things you can do;
- Take a house on rent from someone and rent it out on Airbnb with a profit margin.
- Ask house owners to do rental business with you.
1) First Method
In this method, you can take a house on rent from someone and decorate your house that fits Airbnb customers. Suppose you found a house in New York that is available for rent for $300 then what you have to do is get that house for $300 and prepare it for Airbnb.
Then put that house on rent for $350 or $400 or any other amount that suits you and the customer likes. So here is your flat profit from it which can cover your expenses and can increase your profile value on Airbnb.
This way you can get more houses on rent and put them on Airbnb, let cycle running.
But this is not that much easy, there are some cons. What if you have taken a house for rent but you failed to get customers? You will lose your initial investment, right? So what you have to do is make proper research before starting.
Knowing good timing, pricing, location, laws, and other things that are related to your business.
2) Second Method
There are house owners are have big houses but living alone in them or there are owners who have the empty house and they are living somewhere else.
You have to find such owners and ask them to rent their houses on Airbnb and offer them some percentage of profit.
Owners will think that they can do it by themselves why do they need you? Here you have to tell them that you have especially in this business and you know how to manage the business with Airbnb. This is where management and talking skill works.
Not everyone will be ready to let their house be rented but someone will be sure like this idea as they get free money for doing nothing.
How To Make Money With Airbnb Without Owning Property
Above are methods to start and here we are going to check how you can start a business with Airbnb without having your own house or property.
Laws & Taxes
Every country has its own laws, and countries there are local laws that are issued by local district or state authorities and there are national laws.
Some places charge taxes on locality residential on Airbnb so you have to check with it. The best way to get to know about taxes and laws is to connect with other hosts. Airbnb has made a community where you can ask questions and local hosts will help you.
Decorate Your Place
Visitors like the quality you offer. You have to decorate and design your house perfectly that catches visitors’ eyes at first. They should like fall in love with decoration and design.
Some people like simple design rooms and some like decorative rooms so you have to be ready to offer them what they like.
If you don’t know how to decorate your place then you can hire someone for that, it will not cost you much. You can also add attractive images on walls, clocks, TV, fans, Stickers, designed gates & windows, and Carpet these small things matters a lot.
Stand Alone On Listing
The first thing you are going to do is list your space to do that you have to take pictures of your house, nice description, and headlines.
Also, be honest while adding your listing because people like to see the same or better than what you have added in your listing. If they find something different which is not mentioned in the listing then it will affect your profile.
Hire Professional Photographer & Content Writer
If you don’t know how to click photos or don’t know how to write attractive content then you must hire someone to do your tasks.
You can find freelancers for such tasks on Fiverr easily and at a very cheap rate.
Know About Airbnb Fee & Cost
It is important to know the fee before listing your property so you can set up your price accordingly. Airbnb comes with different fees that you can find on their website here.
You may face different taxes and costs that you must know following are the taxes that you are required to be aware of the Host Fee, the Cleaning fee, Maintenance fee, Turnover fee, Licensing fee, Insurance, and Taxes.
Get Good Review
Any business requires customers’ positive reviews to run. This is the same with running an Airbnb profile, the service which provides affects your profile the more positive review you get the more customers will come.
I Can Make $10K USD Per Month?
Making money with Airbnb without owning property is possible with the above two methods but making more than 10K USD is possible or not?
Yes, it is possible but for that, you have to keep working on finding new owners and improving your profile. And most important making your customers connected is necessary so you get more customers.
Not only that you can also generate a six-figure income.