If you’ve ever looked for ways to make money on Airbnb without owning property, you may have assumed that subletting was your only choice. However, this is not the case. There are plenty of additional ways to make money on Airbnb without owning a property.
Without owning any houses, Airbnb company owners can earn up to $100,000 per year, if not more, according to internet data.
In this blog post, we’ve listed the best 10 ways to make money on Airbnb without owning a house, from co-hosting to becoming a vacation rental consultant.
10 Ways to Start Making Money on Airbnb without Owning a Property
Take the Airbnb Rental Arbitrage Route
Airbnb rental arbitrage occurs when you rent a home solely for the purpose of subletting it on vacation rental websites. To make this business model work, the money you make must be more than your rent and other company-related expenses.
To begin with this method, you should understand the legal rules and regulations on ways to start making money on Airbnb without owning a property, since certain states do not allow subletting. Furthermore, you should seek approval from your landlord before attempting to rent out your rented apartment. In many circumstances, long-term rental lease agreements prohibit renters from renting out houses on listing sites.
If a tenant breaks the terms of the lease, they may be evicted. However, if both sides agree, rental arbitrage might be the best way to break into the sector.
Become a Short-term Rental Property Manager
One of the simplest ways to make money on Airbnb without investing in a vacation rental is to become a property manager. Because the vacation rental market is rapidly expanding, so is the demand for short-term rental property managers. Not only is there a growing need for property managers, but the job also provides flexible working hours.
One of the ways to start making money on Airbnb without owning a property is to become a short-term rental property manager, and also must have a legal requirement of the state that you are in.
for example, will demand a real estate broker’s license and a property manager’s license, but others may not require any certification at all. That being said, it is preferable to continue your education in property management even if it is not required since this will help you stand out from the crowd.
Become a Co-host to an Airbnb host
Co-hosts have comparable responsibilities to short-term rental management. The main distinction is that they will operate more like a host’s assistant than a manager. Co-hosting is a good place to start if you are new to the sector.
Join a Vacation Rental Franchise
If you don’t want to start from the beginning, another option is to join a vacation rental franchise. Local property managers can obtain a special license from an existing franchise owner to use their resources and offer services under their brand name in exchange for a fee.
Become an Airbnb Consultant
Consider becoming an Airbnb consultant if you already have some experience managing Airbnb properties and want to help other entrepreneurs flourish. You will require marketing abilities in addition to expertise in running short-term rentals to establish your personal brand.
Start an Airbnb Cleaning Service
Starting an Airbnb cleaning service might be a successful venture because it is often the first chore that hosts outsource. This means you’ll never be short of employment.
To become an Airbnb cleaning service owner, you must first conduct research.
It’s also best to learn whether your state has any regulations, such as insurance and licensing, and what the average cleaning expenses are. Remember to account for costs as well. Cleaning supplies, equipment, personnel, and marketing are some of the costs associated with this sort of business.
Host an Airbnb Experience
Hosting an Airbnb Experience is one of the best ways to earn money without having to rent out your house.
Airbnb Experiences is a platform developed by Airbnb in 2016 that has enabled hosts to produce a consistent stream of money in five years. By participating in the program, you will be able to offer a variety of activities that visitors can book during their stays, such as a traditional guided tour, culinary lesson, or art class. It can be an excellent alternative to hosting stays if you have a specific hobby or program.
Become a professional Airbnb photographer
Becoming an Airbnb photographer is another best method to make money with Airbnb.
There are two ways to follow this path. You may become a freelance marketplace listing photographer and have your services listed on Airbnb, or you can offer your skills on other platforms such as Fiverr, Upwork, or Instagram.
Whatever method you choose, you will need to understand interior photography. So be sure to learn more about staging sets.
Become an Airbnb Copywriter
Another non-trivial option to make money without renting out an Airbnb home is to provide copywriting services. Airbnb hosts are increasingly using copywriting services. You may market your skills on internet networks such as Upwork and Fiverr, just like you would as an Airbnb photographer.
As an Airbnb copywriter, you will be responsible for creating catchy headlines, interesting property descriptions, and potentially even house rules or reviews for visitors.
Learn the Craft of Vacation Rental Marketing
To stay ahead of the competition about ways people want to make money without owning a property, hosts must advertise their homes. It becomes much more important if they want to create direct reservations and entice potential travelers to their website.
Because hosts have a lot on their plates, they frequently seek outside assistance in developing and implementing an effective marketing strategy to advertise their rentals. If you already have marketing talents and want to get into business, here is a great place to put them to use.
However, if you are unfamiliar with marketing but eager to get your foot in the door, you may begin with social media. Once you’ve mastered this, you may branch out into other areas of marketing.
Frequently Asked Questions
How much do Airbnb hosts make?
The average Airbnb host earnings globally were $28,143 in 2021
Is Airbnb a good way to make money?
All of these platforms, particularly Airbnb, are really adept at convincing hosts that they can earn so much money and that it is so simple and easy.
How much of a cut does Airbnb take?
Between 14–16%, though Airbnb Plus Hosts and Hosts with Super Strict cancellation policies may pay more.
Is Airbnb still profitable in 2022?
Yes, It’s still a viable business, whether you’re buying and marketing houses, performing rental arbitrage, or even co-hosting. Even now, in the middle of 2022, when markets melt and bubbles collapse, I feel like I’ve been pushed through a meat grinder and made into a nugget.
What is required to be an Airbnb host?
According to Airbnb’s Terms of Service, you must be 18 years or older to create an account on the platform.
When it comes to generating money using Airbnb, owning your own house is not required. As you can see, there are several methods to make money without taking out a mortgage, and many of them are really enjoyable.