5 Ways to Make Money Through Airbnb
The easiest and most convenient way to earn money through Airbnb is by renting out your property through their platform. The earnings depend on factors such as how many days you make your property available and its location. In most cases, Airbnb lets the host decide the price. You will be provided with all indications and tools which would help you price your property. The prices also vary depending on the season. Here are five ways you can earn money from Airbnb even if you don’t own a property of your own.
1. Rent your rental
Say you have rented a property. You can sublet the property during peak season. This arrangement would work only if you are making more than the rent you are paying and other business coverages. While it might be a bit challenging if your landlord doesn’t agree right away, offering them a share of the profit could sweeten the deal. However, do consider going through tenant laws and regulations because subletting may not be permitted in a few places. Just make sure all your ducks are in a row before your sublet so that your guests who are on vacation face no complication.
2. Be a property manager
It is quite an important work. Many hosts may not reside near their property or even in the same city, yet they seek someone to oversee the place, assist guests during check-in and check-out, and be readily available when needed. This kind of role is ideal for students or people with remote jobs. How much money you make, however, is decided by the property owner. In most cases, property managers receive about 20–30% of the per-night rental fee.
3. Host of experience
One of the best features provided by Airbnb. Here you can enroll yourself as a host for unique and engaging experiences. Often guests want some authentic experience which would give them an idea of the place, its culture, history and heritage. And this can be done by someone who is a native of the place. You can curate the list of places that guests can visit and customize it based on their preferences. This not only allows you to boost your income but also enables you to cultivate creative and memorable experiences for the guests.
4. Become a co-host
A co-host has more responsibility than a property manager. Hosts who own a property but can’t manage it themselves often hire co-hosts. As a co-host, you’ll handle everything from booking and guest communication to property inspection, restocking items, and overseeing regular cleaning. Co-hosts typically receive a percentage of the rental income, making it a lucrative way to earn money without owning a property. To get started, you can create a profile on Airbnb as a co-host.
5. Become an Airbnb affiliate
Airbnb has an affiliate program that allows individuals to earn commissions by referring new hosts and guests to the platform. As an affiliate, you can promote Airbnb through various channels, such as blogs, social media, or email marketing. When someone signs up as a host or books their first stay through your referral link, you receive a commission.
Airbnb has a vast ecosystem which facilitates people to earn money even when they do not own a property. They offer various creative avenues. So, get started today and turn your passion for travel and hospitality into a rewarding source of income.
To learn more about generating avenues of income, tap here.