- How I Make Money on Airbnb Without Owning or Renting an Apartment
My main job is to communicate via smartphone with the client (landlord), the diarist, and the guests.
Photo by @element5digital on unsplash.com
I use Airbnb apartments a lot because I don’t like hotels, so I prefer to have an entire apartment to myself.
I met many hosts who were usually middle-class people. They were very hospitable, but they had no special skills or knowledge. They were ordinary people, like me.
I am extremely observant, curious, and I thought it would be a good idea to rent houses on the platform, however, I didn’t have any properties to rent.
So I thought: “I have to start a side business, and why not an Airbnb business?
Just find an apartment, rent it out, and then list it on the platform. It can’t be that hard. Ah, I couldn’t be more wrong!
I rented an apartment, bought furniture and decorated it with lots of love, and finally created my profile.
I had some good guests, some not so good, but overall business was going well. In the first month, I became a ‘Superhost’ and managed to book all the rooms. I had a problem with a neighbor who was threatening to sue me and I thought it was better to stop doing business.
A few weeks ago I get a call from a former client. He said he had a friend who wanted to rent apartments on Airbnb but didn’t understand anything about it, so I went to his house to talk to him. It was a nice villa with 8 apartments and a guest house.
The guy was nice, I gave him some tips on how to manage an Airbnb. I told him about my struggles and achievements, about how you need to communicate constantly with the guests (mostly in English, and the owner couldn’t speak English).
He listened to everything and eventually said, “It’s not that hard. Just pack up the apartments and rent them out. Easy!”. I had to laugh at that moment because it was the same thing I had said before I knew how it really works.
He was not aware of the work that was coming.
He continued: “A friend of mine offered to manage Airbnb by 40% of the revenue, but that’s crazy.” So in response, as a joke, I told him I would do it for half that amount. We all laughed, but I saw the worried expression on his face.
A few weeks passed and my former client called me again. And then he asked me if I was serious about offering to manage Airbnb for him. Obviously, I said yes.
This is how I got my apartment listing on Airbnb without owning, renting, or investing any money. I hired a diarist, set up the Airbnb profile, and self-check-in systems. My main job is to communicate via smartphone with the client ( property owner), the diarist, and the guests.
I work about 30 minutes to 2 hours a day (depending on the amount of bookings scheduled) for this client.
In addition, the client referred me to some friends, who are also homeowners and would like to rent their space on Airbnb. I create Airbnb accounts for each client with my referral code and in addition, I earn commission and more bonuses from the site.
Currently, I am working on a few projects managing Airbnb profiles.
7 Things Rich People Do That You Probably Don’t
True wealth is not accumulating large amounts of money and assets, but being independent.
In the last few months I discovered that there are many investors who buy or just rent apartments, houses and even entire buildings with the goal of renting it out on Airbnb. But they are “investors”, not managers.
Investors want to invest money and get a return on it, and that’s where you, me, or anyone with management skills comes into the game.
So go after your first investor, make your offer, and start managing. How hard could it be?
- Date of publication:
- Thu, 04/22/2021 - 13:07
Click on the link - it will be copied to clipboard