The answer is “Yes!” You can make money on Airbnb without owning any property — that’s right, you don’t need to own an apartment or house. There are plenty of ways to share in the Airbnb pie, from hosting activities to partnering with someone who owns an apartment.
“What many don’t know is that with a few strategic moves, anyone who lacks these essentials yet has that entrepreneurial mindset and drive to make money can get started,” notes Forbes.
If you’re still saving up for a down payment or working to improve your credit so you can purchase your own home, try these ways to make extra money so you can reach your financial goals sooner.
Rent Out A Room
If you have a spare room, basement, or even couch, you can rent it out on Airbnb. This might not be the ideal situation at the moment (during a pandemic), but once we return to a more normal routine, this could be a great way to earn some extra money.
If you’ve got a space that is socially distanced from your living area or has its own private entrance, Airbnb still offers the option for you to rent out a private room, as long as you adhere to their enhanced clean policy (linked below).
Create and Run an Experience
Did you know that you can run your own experience, in person or online, through Airbnb?
Take guests on a walking tour, a sailboat trip, kayaking run or teach an outdoor drawing class. Whatever your hobby, job, or side gig, if people are interested they will pay for a personalized experience. This includes Zoom events — such as virtual fitness or cooking classes — but they have to be special, something that a person can’t simply find in their own community. That specialness can come from your knowledge, skill, or personality.
And the best news? Payment is released 24 hours after the customer check-in time. So, if you’re looking for a side hustle or something to supplement your income without too much investment, try creating AirBnb experiences.
Manage Someone’s Property
There are lots of people who invest in properties with the hope of renting them, but they don’t want to deal with the ongoing maintenance hassle. If that’s the case, they’ll need someone to oversee the property’s cleaning and restocking of guest amenity items. As the property manager, you’ll also have to sure that any damage gets fixed, and you’re likely on call for most of the day.
However, in return for your service, they’ll share a percentage of their revenue, free or discounted rent, or other perks. How much you make depends on how many properties you have time to manage and the agreed-upon rate.
House-Sit for Someone
House sitting for someone while they’re away and renting a portion of their home is advantageous in two ways. First, you get paid. Second, you get to live rent-free for the duration.
Find an owner who travels a lot and needs someone to look after their main living space, and (most importantly) who is willing to rent a room, basement, or guest house to strangers. Just like with managing someone’s larger property, you can negotiate to be paid a portion of the revenue. But the bonus here is that you get to live rent free for part of the year — assuming you don’t have to pay for rent or mortgage on your own place.
Become a Cleaner
Cleaning Airbnb apartments and houses is the most labor intensive of all these opportunities, but it’s in demand for hard-working, trustworthy people. If hosts are making enough money, or their house is large, outsourcing the cleaning to someone saves them a lot of time and stress. Make sure you know what cleaning supplies to use in order to meet the Airbnb enhanced clean standards.
According to Airbnb, “The protocol includes a five-step cleaning process, room-by-room checklists, and more.” You can find out more here: Introducing Airbnb Enhanced Clean.