The world of real estate is becoming more competitive as it becomes harder for people to afford homes.
One way to still make money in the real estate industry without owning property is by renting it out through online marketplaces like Airbnb. This is a great way to earn passive income from something you don’t own!
Airbnb, an online rental site that connects people with extra living space and those who are looking to rent a short-term place to live, is not something you might be familiar with.
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It was launched in August 2008 and has since welcomed over 4,000,000 visitors from almost every country.
The short answer is You don’t need to own any property to make money with Airbnb. As an alternative, you can rent out your space, house sit vacant Airbnb properties, manage real estate, and more!
How to Make Money with Airbnb without Owning Properties
Here are some quick ways to make money quickly with Airbnb.
1. Property Management
One way to make money through Airbnb is by managing other people’s properties. It can be a great option if you’re not a property owner yourself or if you’re not interested in renting out your own property.
You will need these things to become an Airbnb property manager:
- Register to be an Airbnb property manager
- Send an application to Airbnb and get approved
- Make a listing to advertise your services as a property manger
- Learn how you can market your Airbnb property management service for potential clients
- Discuss rates with clients
- Take care of the property and make sure it is clean and maintained.
- At arrival, hand keys to your guests and take them with you when you leave.
- Enforce any age limits, like hotels that allow 18 year old to check-in or any service dogs that pose a safety risk
- You will manage any problems that may arise during the rental period.
- Collect payment from your guests and send it to you at the end.
- It is possible to charge a fee for the services you provide. The fees charged for managing Airbnb property usually range from 10 to 20% of the nightly price plus cleaning fees or a flat rate per reservation.
States with no land restrictions and grants from the government are described in our guide
2. Airbnb House Sitting
A house sit is another way to earn money through Airbnb. People who travel with pets are increasingly attracted to house sitting. It allows them to see new places without having to leave their home.
You can let them stay in an apartment or house that is not theirs while you’re gone and they will take care of any problems. By staying in someone else’s house or apartment, they can make sure the house is kept warm in cold weather and ensure that the pipes don’t freeze. In addition, you can get their mail, newspaper, magazines, and Amazon packages late at night, so thieves don’t steal it or know someone isn’t home.
3. Rent Furnished Properties
It’s also possible to make money renting furnished Airbnb homes to guests. It is very similar to managing property, except that you are the one responsible for listing, managing and delivering keys to guests.
These are the responsibilities for property owners who own an Airbnb property that has a used furniture rental company:
- It can be costly to furnish a house or rent it out.
- Before you can list your furnished home on Airbnb, you will need homeowner’s and renter’s insurance.
- You must be available to manage the property or house when it is rented. Guests might need your assistance if there are any problems.
- Decide whether to charge a cleaning service fee. These fees can add up quickly if your house is rented out for a prolonged period.
4. Reaching out to Homeowners Looking for Rent
Airbnb allows you to make money by contacting homeowners who are looking to rent their homes. Investors, homeowners and builders with vacant properties have a great opportunity to rent them out. You can make additional income by selling it to someone else.
Here are some tips and tricks to help homeowners rent their properties.
- Ask a local real estate investor about homeowners who are interested in renting their homes on Airbnb.
- Online property listings are a good place to look for people who might be moving. You can help them preserve their property and make extra income renting it out until it goes up for sale.
- You can search Airbnb to find listings in your area, and you can contact homeowners directly if you are interested in renting their property.
5. Become an Airbnb Cleaner
Consider opening a cleaning company for Airbnb properties if you aren’t afraid to do hard and dirty work.
Airbnb has over 100,000 cities worldwide with rental properties and over 5.6million active listings. It is in high demand to clean Airbnbs quickly, seven days per week. Some properties will need to be cleaned after each guest has left, and before their next arrival.
Housekeeping Services:
- Kitchen: Wipe counters, appliances, refrigerator, microwave, sinks, and cabinets
- Bathrooms: Toilets, bathtubs, showers, mirrors
- Living Area: Vacuuming, sweeping, mopping, and dusting furniture and floors
- Dishes: Wash, dry, and put away
- Sheets & Towels: Wash, dry and place new sheets and towels on the mattress.
- Stock: Replace toilet paper and tissues with Paper goods and consumables
- Garbage: Get rid of and recycle your garbage
- Declutter and organize furniture
Our guide on renting a carpet-cleaner from Walmart and Publix.
6. Airbnb Experiences
Airbnb hosts are a creative way to make extra money!
It means that you’ll be sharing skills and knowledge with guests by offering them various experiences, such as touring the city on a bike, cheap massage deals, or dining at local restaurants.
This is a great opportunity for those who are passionate about sharing their talents and hobbies with others. If you love arts and crafts you could offer classes in crocheting or knitting with local materials. Hosting cooking classes could be a great way to teach guests how to cook new dishes at home.
7. Co-Host with an Airbnb Established Host
You can make money by being a host for an established Airbnb business owner.
Being an Airbnb co-host is similar in many ways to being a guest host.
8. Get started as an Airbnb Affiliate
You may not want to own a rental property or run an Airbnb cleaning business, but you might consider becoming an Affiliate.
You can earn money by placing advertisements on your website or blog, which feature various Airbnb properties available for rental.
Airbnb offers its affiliates many tools and resources that will help you get the most from its affiliate program.
9. Refer to Airbnb
Referring to Airbnb is another way to make money.
Refer someone to Airbnb and you’ll get $40 per booking.
First, you need to apply to Airbnb Referral Program. You will need to provide your audience demographics as well as how you plan to promote Airbnb. Most cases will be approved within 2 to 3 business day. If you have additional questions or concerns, a representative will contact you.
Make Money with Airbnb Without Owning a Property Summary
Airbnb makes it possible to make money even if you don’t own any property. We’ve listed various methods to generate extra income, either working directly with a property owner or making money with affiliate marketing.
In some cases, you can earn six figures in 6 months on Airbnb without owning a property. Imagine scaling your Airbnb property manager business in a vacation spot where the owners don’t live. They’re happy to share their profit with you to help manage their property in their home while they’re on vacation.
Are you looking for other ways to make a living? Check out our guides to the 37+ Easiest Items to Flip for Profit, and the 23 Side Jobs With a Pickup Truck to Make More Money!