Airbnb without owning property

If you wonder how to Airbnb without ownig properties, this article is for you.
🍕 Join the Airbnb Business 👉 mondosol/listyourplace. Like many people around the world, in the vacation rental industry, find out how to get start making money on Airbnb without owning property.

What is the alternative of airbnb without owning property?

✈️Find out what kind of alternative to Airbnb you have and what you need to crush it with Direct bookings by Mondosol. 💪 List your place

If you ever searched for ideas on how to make money on Airbnb without owning property keep reading.

You probably thought that subletting was the only option. That, however, is not the case. There are a number of other ways to earn on Airbnb without being a property owner.

According to online data, Airbnb business owners can make close to $100,000 per year, if not more, without owning any properties.

From co-hosting to becoming a vacation rental consultant, we’ve compiled the top ideas on how to make money on Airbnb without acquiring a property.

What is airbnb without owning property?

Airbnb stands for Air Bed and Breakfast. The Airbnb website is an online marketplace for people who are looking for accommodations. Airbnb connects travelers also called guests with Airbnb hosts who want to rent out their homes or other properties.

In Airbnb you can list an entire place, private rooms, hotel rooms, and shared rooms. In Airbnb you can list a unique space such as a treehouse, yurt, or farm stay; Bed and breakfast: any other space you can imagine. 

Do you have to own a property? 

So, if you can’t afford to buy a house there are many other creative ways of making money off Airbnb without owning property. From co-hosting to becoming a vacation rental consultant, we’ve compiled the top ideas on how to make money on Airbnb without owning a property.  

Why should you start an Airbnb without owning property?

Airbnb is set to continue growing, according to Lodgify, as travel habits are changing and people continue to seek out unique experiences. More people are looking for longer stays and remote working places.

Lodgify is committed to helping vacation rental owners and property managers get started and grow their businesses. So this service is totally free. 

In this video, you’ll find out what the onboarding service includes. 

2022 was another record year for Airbnb. A revenue of $8.4 billion and a growth of 40 percent year over year. Airbnb, with around 3 million hosts and 7 million listings worldwide in 2022, has become a business for someone who owns a property, but not only. 

According to Alltherooms in 2021, the average Airbnb host in the US can make close to $41,000 per year, if not more. An Airbnb host can have a listing without owning any properties. 

Lower investment

This one is obvious – it is possible to secure a slice of the lucrative Airbnb business pie without actually having to secure a mortgage and buy your own property.

Lower risk

The more is at stake, the higher the risk.  Being a vacation rental owner is not as easy as it seems. Industry stalwarts will tell you that the idea of running a vacation rental ´part-time´ is a myth and it takes a long time and a lot of effort and investment to turn your rental into a successful business.

More manageable

If you want to boost your income by starting a business as a side hustle, there are other, much more manageable and accessible ways to tap into the Airbnb market than renting out your own property.

How to do Airbnb without owning property?

Do It Yourself.

If you own or not a property you can just list your property in Airbnb or Mondosol. You can take a course. Mondosol offers you everything you need to know on how to do Airbnb or you can take any course available. If you are ready to list your space on Airbnb go to airbnb.com or if you want to get direct bookings More info here 👉 mondosol.co/listyourplace

Do it with Someone.

If you need more on top of the course, you can ask someone for Coaching with phone calls or in personaconsultation. It can be done as a Group Coaching or Personal lesson. In this way you can speed up the learning curve and avoid a lot of mistakes learning by someone else mistakes.

Do it for you.

Let’s say you have several properties and need help to manage those properties. The listing creation, the marketing, the photography service, the check-in, the check-out, the guests communication, the guests review, the property reputation, the branding. Everything is managed for you. It is also called property management and you can find more info down this article.

Ok so now you know how to do it, let’s take a look on what you can do now.

Airbnb Rental Arbitrage:

Airbnb rental arbitrage is essentially a business model that is based on subletting another person’s property via a sublease agreement and renting it out as a short-term rental in OTAs such as Airbnb. In a nutshell, it is taking property from the long-term rental market and renting it out in the short-term rental market.

If you don’t have any property on your name you’re just subletting, you know that that will be rental arbitrage, subleasing, rent to rent or whatever you want to call it. You don’t own a property. Someone else does it. 

As easy as it sounds there are a few legalities to be considered when going ahead with the rental arbitrage model.

Pros and cons of a rental arbitrage model:

Pros:

• Highly scalable business model.
• Little investment is needed upfront as you don’t have to buy the property.
• Lesser risk than operating out of your own property.
• Less bookkeeping to do as most taxes and fees will be taken care of by the property owner.

Cons:

• Rent can be high
• Highly liable for property damage even if the damage was done by a guest
• You will need highly detailed lease agreements which can be expensive
• Not all areas allow rental arbitrage as more and more cities are updating laws that make rental arbitrage difficult.

Become a co host:

An Airbnb co host is someone hired to manage a listing or multiple listings. Co-hosts take on responsibilities for maintaining the property on behalf of the Airbnb host. Some responsibilities taken by hosts are:

1. Confirming bookings
2. Communicating and responding to guest queries
3. Supervise processes such as check-in, check out, cleaning, repairs, and maintenance.
4. Writing guest reviews
5. Update calendar
6. Communicate with Airbnb

Pros and cons of becoming a co host:

Pros:

• Flexible work hours
• No need for any kind of licensing

Cons:

• Income will be a percentage therefore it can fluctuate
• Not as profitable as being a host

Host an Experience:

Launched by Airbnb in 2016, Airbnb Experience is essentially a workshop of sorts and is aimed at bringing local flavor to travelers who use Airbnb. While this used to be a strictly physical experience as of April 2020, people were also able to host online.

However, Airbnb takes its experiences seriously and any ideas presented will go through a thorough vetting process before it is approved.

Pros and cons of becoming an Airbnb Experience host:

Pros:

• Make money through your hobby.
• Can be offered from the comfort of your home.
• Can be timed at your convenience.

Cons:

• May need to have a business license depending on the type of Experience
• Strict rules to follow in certain aspects
• Need to be an expert in your chosen field to be considered as an Experience host by Airbnb

Become a Property Manager

Short-term rental management refers to the supervision and administration of short-term rental properties. The person in charge of managing these rentals has to complete a long list of daily tasks that involve operations such as:

1. Managing the needs of property owners
2. Confirming bookings
3. Communicating with guests
4. Supervising the check-in process
5. Marketing
6. Property inspections
7. Organizing cleaning and maintenance tasks

Pros and cons of becoming a Property Manager:

Pros:

• Flexible work hours
• High demand for property managers means you will always have work
• Can work on more than one listing at a time

Cons:

• Managing multiple rentals can be tiring
• Most hosts expect vacation rental managers to have some kind of educational backing.

Start an Airbnb Cleaning Service:

Cleaning is typically one of the first tasks that hosts outsource and therefore starting a cleaning service means you will not have a shortage of work as long as there is a good amount of short-term rentals in your area. When considering this option make sure you have done your research not only on your competition in the area but also on any state requirements, such as insurance and licensing, and what the standard cleaning costs are. Make sure to factor in expenses as well. Examples of expenses involved in this type of business are cleaning products, equipment, labor, and marketing.

Pros and cons of starting an Airbnb cleaning service

Pros:

• Ample amount of work as most property managers outsource cleaning.
• For the most part cleaning services are easy to set up
• Does not require any kind of educational qualifications
• Has a relatively low start-up cost

Cons:

• You will need to do your own marketing
• Need to find reliable workers as part of your team
• Need to comply with times set by property managers

Become an Airbnb Photographer:

Becoming an Airbnb photographer is a creative way to make money. To list yourself as an Airbnb photographer you can become a freelance marketplace listing photographer and get listed by Airbnb or advertise your services using platforms like Fiverr and Instagram. To get listed on Airbnb you simply read the role overview and fill out this form.

Pros and cons of becoming an Airbnb photographer

Pros:

• Flexible work hours
• Opportunity to meet new people and travel to new places
• It is another means of making money using your existing skills

Cons:

• You will need to do your own marketing.
• Equipment is quite expensive.
• May need to adjust to the property owner’s/manager’s timelines.

In conclusion

It is now easier than ever to earn with Airbnb even without owning a property. Whether you are looking for a side hustle or a full-time job there’s something for everyone in the vacation rental industry. Some of these strategies require more planning, strategizing, and financial investment than others. However, with hard work and commitment, you can make a decent living.

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