Brian Page is an entrepreneur, online educator, and passive income pioneer who is best known as the creator of the BNB Formula, the world’s #1 bestselling Airbnb™ coaching program with over 25,000 students in 47 countries.
It is no secret that real estate has had mountainous growth in the last few years and has become one of the best ways to accumulate wealth. Once you take a look at the Forbes list of richest people alive in the U.S., it becomes clear that real estate is foundational to become wealthy.
Get the Official “Free Book Reveals How To Start Your Own Airbnb™ Business Without Owning Any Property” by Brian Page by Clicking Here!
The economic outlook is not always stable, but the consistent value that stems from real estate gives more control to investors than in any other industry. But whether it’s Facebook that curates no content, Uber that does not own any taxis, or Amazon that launches no products, market dynamics are changing for good.
In the context of real estate, Airbnb has become a major player that continues to disrupt the market. Airbnb is worth over $38 billion even though it does not even own real estate properties. In a shared economy, Airbnb has become one of the best disruptors in the real estate market.
Making Money on Airbnb: What Should be YOUR Approach?
Here’s the thing – it’s not about what you make, own, or create – it’s about “what” and “how” you control that you make to accumulate significant wealth. On average, you can make around $100,000 a year without owning a single real estate property.
So, if you’re serious about becoming financially independent, you need to follow a strategic process to rent and list properties on Airbnb and automate operations to earn six figures. Contrary to naïve misconception, there is more than one way to earn income on Airbnb without being a real estate owner.
Let’s break down the best ways to help you achieve financial independence.
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Become a Rental Property Manager
One of the most effective ways to earn income on Airbnb is to become a property manager for a rental property. It is a straightforward approach to earn income on Airbnb without having to invest in a rental property. You may not be aware of it, but vacation rental space is growing fast, and demand for rental-based property managers is at an all-time high.
Whether it’s marketing, organizing, maintenance, supervising, confirming bookings, or managing property owners’ needs, rental property managers undertake a wide range of responsibilities. As long as there is increased demand, you can make a career as a rental property manager. This strategy allows you to work flexible hours.
At its core, understand that you don’t have to own a property to master property management. If you don’t want to be overwhelmed by responsibilities, use property management software to centralize tasks.
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Airbnb Rental Arbitrage
Although not every city allows subletting, rental arbitrage is an excellent strategy to earn income on Airbnb. The idea is to generate more money than the rent and business expenses. Now, before you try to rent “your” rented accommodation, get permission from the property owner.
In this approach, you don’t need significant capital, allowing you to start without owning a real estate property. The money you earn through this strategy depends on the size and location of the rental property. If you play your cards right, you can earn more than three times your total expenses.
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Become a Dedicated Airbnb Consultant
If you’ve had experience managing rental properties, you should consider becoming an Airbnb consultant. In fact, Airbnb entrepreneurs who hit their targets and achieve accelerated growth become Airbnb consultants. For instance, you can use your marketing talent to build your online brand.
Airbnb consultants also help hosts improve their online ranking and increase the number of bookings. The startup costs to become an Airbnb consultant are minimal and allow you to position yourself as a rental property expert.
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Become Part of Airbnb Hosting
The responsibilities of an Airbnb co-host are not so different from a rental manager. The fundamental difference is that co-hosts serve as assistants than rental managers. If you don’t have any experience in the Airbnb rental space, co-hosting is a great option to earn income.
As a host of a rental Airbnb, you will be responsible for confirming bookings, inspecting the property, interacting with guests, writing guests’ reviews, and organize maintenance and cleaning tasks. Like a rental manager, being an Airbnb host allows you to work flexible hours and does not require a license.
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Offer Rental Vacation Marketing Services
Usually, Airbnb hosts have a plethora of responsibilities on their plate and look for someone to implement the most effective marketing strategies to market their rentals. If you possess marketing skills and want to be part of the Airbnb landscape, you can help out hosts in areas like email marketing and social media marketing.
You can also provide blog posting, content creation, lead generation, and SEO services to Airbnb hosts. In this service model, you don’t have to worry about incurring high overhead costs and can easily run operations from the comfort of your home. If you have the technical marketing skills and consider yourself reliable, offering services as an Airbnb marketer can help you earn over $75,000 a year.
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Start an Airbnb-based Cleaning Service
You can start a highly profitable Airbnb cleaning and maintenance service. You can directly outsource this service to Airbnb hosts when they’re experiencing short of staff.
Now, to start Airbnb cleaning and maintenance services, all it takes is to learn about current industry practices and standards to provide the best cleaning services.
Most Airbnb hosts hire third-party companies to perform cleaning and maintenance services. Besides, the startup costs in this approach are significantly lower than owning a vacation rental.
Final Thoughts
Airbnb has an incredible potential to help you become financially independent in months rather than years. It is no wonder Airbnb has had a transformative impact on the economy and continues to help people become successful entrepreneurs.
In 2022, earning income through Airbnb has become easier and simpler. It is vital to understand that you don’t have to rent a property to earn money or succeed in the Airbnb space. Many first-time entrepreneurs have managed to extract new career opportunities from Airbnb.
Whether you want to make it strictly a side hustle or turn it into a full-time job is up to you. You may initially find adapting and implementing some of these strategies challenging. In retrospect, you need to invest your time and demonstrate commitment to earn consistently from Airbnb.
Get the Official “Free Book Reveals How To Start Your Own Airbnb™ Business Without Owning Any Property” by Brian Page by Clicking Here!
Brian Page is an entrepreneur, online educator, and passive income pioneer who is best known as the creator of the BNB Formula, the world’s #1 bestselling Airbnb™ coaching program with over 25,000 students in 47 countries.
