How to start an Airbnb in a pandemic

How to start an Airbnb

“It was the best of times, it was the worst of times.” Dickens may as well have been writing about Airbnb hosting in a pandemic when he penned this classic line. The truth is, Airbnb hosting is fundamentally different now. Travel is different. Covid has changed what people want and need when they’re away from home. If you’re wondering how to start an Airbnb today, it’s important to pay attention to these differences. To ignore them is to risk failing early and failing hard. In this post we’re going to cover some of those key differences, and share our 6 best tips on how to start and Airbnb in a pandemic (and still make money).

How to start an Airbnb in 7 steps

The steps that you need to take to start an Airbnb in normal times are no secret. You can find them on other sites. But what about in a pandemic?

In our experience, Airbnb success is not in the ‘what’ you do. Instead, it’s in the ‘how’ you do it. Especially in uncertain markets. The truth more than ever is, how you execute each of these steps below will ultimately determine whether you make money or lose it. You just can’t start an Airbnb today as though everything is normal and expect to succeed.

But we’ll get into that more as we go. Firstly, let’s start with the ‘what’ to do to start an Airbnb:

  1. Find a property to list. This is all about market research and due diligence. There are 4 paths to take.
    • a) you already own property and want to list it on Airbnb.
    • b) you want to invest in a property specifically to list on Airbnb.
    • c) you want to rent a property and list it on Airbnb (otherwise known as rental arbitrage).
    • d) you manage an Airbnb for someone else (as a cohost).
  2. Set the property up for Airbnb guests. This is all about the furniture, linen, utilities, appliances, utensils and everything else you need to host short term guest. It’s also about the condition of your property and how you turn it into a space that guests actually want to book and stay in.
  3. List the property on Airbnb. Once you have set up the property you have to list the property on the Airbnb platform. It’s a simple but extensive process and a good test of whether your place is actually ready for guests. Not all listings are equal. You need to target your guest and make sure you satisfy all of the Airbnb algorithm requirements to the top list of Airbnb searches for your area.
  4. Set up guest communications, nightly pricing, your booking calendar, and House Rules. These take time, research and thought. There are loads tricks to making sure you’re not picked off in peak pricing seasons, that you’re providing great guest experiences, and that you’re optimising booking opportunities.
  5. Organise cleaning, laundry, maintenance and restocking of supplies between stays. Can you run a 4 hour turnover between guests? Either you’ll operate the listing yourself or you’ll set up a team of people around you to help you. Some folks chose the hybrid option.
  6. Review guests. Reviewing guests will encourage them to review you back. Reviews are essential to get bookings from other guests. Lots of good reviews will also improve your ranking on the Airbnb platform.
  7. Monitor and manage. Rinse and repeat numbers 4 – 6. Monitor pricing, calendar settings and guest communications. Operate the Airbnb. Review guests.

This is all pretty high level but it gives you an idea of what you’re in for, if you’re thinking about starting an Airbnb. If you’re comfortable with the idea of these tasks, maybe hosting is for you!

In our experience – especially over the last 2 years – some steps here are more critical to your success than others. If you don’t get Step 1 right the remaining steps can become irrelevant. The rest of this post will focus on why that is and how to find the right type of Airbnb listing when you’re just starting out, so that you will make money. Even in the midst of a pandemic.

Let’s dive in!

The pandemic impacts on Airbnb – a tale of two market trends

The pandemic drove people apart. Physically I mean. Contagion thrives in dense populations. We all had to stay apart to stay well!1.5 meters distance in public spaces. Self isolation requirements and quarantine.

Contagion also drove us into lock down. Our travel was restricted. And when we could move around, snap lockdowns always had us wondering when we might be stuck somewhere and for how long.

These two recurring themes of the last 2 years fundamentally changed the Airbnb market almost over night. Global lock downs caused booking cancellations across the board. 90% of bookings were lost and it was bloodbath out there from April to June 2020. But what happened as the pandemic prolonged and people could move about, with restrictions in place? Let’s look at the US data…

1. Falling urban demand

Once of the major pandemic impacts was on urban centres. AirDNA data tells us that demand for Airbnbs in large cities fell off a cliff in 2020 (down 43% in the US). Not surprisingly, once initial lockdowns lifted people chose to stay clear of dense urban centres where all the ‘people’ were, for fear of getting Covid.

It’s not reflected in the data, but in our view it wasn’t just the population density that killed bookings in these locations. It was also the type of listings most typical in these areas: high-rise apartments. Shared ventilation, cooling systems, common areas, and elevators all became very unappealing to those who did need to travel.

2. Small city / rural renaissance

Small cities and rural locations are where people chose to travel to instead. To get away from population centres and harsh restrictions. Demand for travel to certain holiday destinations also picked up. Destinations with low populations, large and spread out properties with plenty of space to move about were exceedingly popular. Here’s the AirDNA data to back this up:

What about other countries?

Trends comparable with these were found across the UK and Europe in countries with similar paths through the pandemic.

Australia, because of the way it handled Covid during 2020 and 2021, didn’t see as strong a drop in urban demand for Airbnb stays. Cities like Brisbane and Adelaide were able to remain open, for the most part, at least to travellers from within their own state. But as in other countries, destination locations, smaller towns and regional locations were undoubtedly the winners in terms of demand for stays in 2020 and 2021. Once again, it’s all in knowing the numbers. With 71% of Australians living in ‘major cities‘, there’s just a bigger pool of travellers heading to the regions for holidays or time away.

What’s in store for 2022?

No-one has a crystal ball, but in an attempt to help you start your Airbnb income we’ve done some research, reviewed the data, and had a crack at some predictions for 2022.

What history tells us about how a Pandemic ends

According to this 2020 Washington Post article, the last pandemic – the Spanish Flu of 1918 – ended slowly. The virus – H1N1 – is still with us today. But people developed an immunity to it over time, and it became less lethal as the pandemic carried on in waves.

The key ingredient here, if you’re wondering how to start an Airbnb, is time.

If history is any guide, we think life will be uncertain for a while yet. Maybe we’ll continue as in previous pandemics to have waves of different Covid variants wreaking havoc until illness subsides over time.

So if you’re starting an Airbnb, expect people to make decisions accordingly. This includes decisions about if, when and where to travel and what type of accommodation to stay in. Think about how to start an Airbnb where bookings are insulated as much as possible from pandemic impacts. Understand the trends looking forward, so you can mitigate your risks and take advantage of new opportunities. Here are our 2022 predictions, based on AirDNA data and analysis.

Pent up demand for travel will play out (in waves)

We’ve all been wearing masks and staying home for 2 years now and WE’RE EXHAUSTED!!! It totally makes sense that people want to get out and about again.

According to Destination Analysts, “Nearly 80% of American travellers have trips currently planned in 2022.”

But we are also still worried about catching Covid. This survey data from Destination Analysts shows that 40% of Americans with intent to travel have cancelled or postponed a trip due to the latest Omicron wave.

So people will continue to want to travel. And the good news is that many Airbnbs are better positioned than hotels and resorts to take advantage of pent up travel demand. This is due to the type of accommodation typical of Airbnbs and in many cases, their dispersed location. Huzzah!

While we think guests will book more trips and they’re more likely to look to Airbnbs than to hotels and resorts, they’ll also cancel quickly if Covid safe travel is at risk. We know our cancellation rates are up since the pandemic due to traveller uncertainty.

The Airbnb ‘go rural’ trend will not end

Urban Airbnb demand in the US only recovered 8% in 2021 according to AirDNA, possibly due to the waves of new Covid variants like Delta and now Omicron upending travel plans. But that number means bookings are still down over 30% on 2019 levels. And that is enough to turn most Airbnb properties from a profit making venture to a loss making one. By our estimation, you’d need to have been booked at over 80% average occupancy in 2019 to sustain a 30% drop in bookings and still turn a slim profit. The average Airbnb occupancy rate in 2019 was closer to 50%. Supply of Airbnb listings in urban locations has dropped as a result.

Expect this theme to continue until people feel safe travelling to highly populated areas once again. AirDNA predict that demand for urban Airbnbs will not return until 2023.

We also think that if the pandemic goes on in waves, the Airbnb ‘go rural” trend will not end. Not just yet anyway. Be aware though that new supply has already moved into this market so you will find more competition for ongoing booking demand. If running a rural Airbnb listing appeals to you, leave room in your due diligence for bookings to drop off when the pandemic does end. Look at 2019 occupancy rates and nightly pricing on AirDNA to understand what your bookings might look like if ‘things return to normal”.

A new class of Airbnb guest has emerged: flexible workers

With waves like Delta and now Omicron, we’re predicting that flexible work arrangements will not phase out anytime soon. Employers just can’t have their staff all in one place and at risk of all getting ill. Diversifying staff accommodation is now a risk mitigation strategy. So there will continue to be a cohort of employed people who can live anywhere and still work remotely. We think that a portion of these folks will chose to move out of heavily restricted population dense areas, at least temporarily. They’ll situate instead in smaller cities, rural areas, or even in countries less impacted by Covid. And because they need temporary lodgings, flexible workers might just book your Airbnb to stay in.

AirDNA data shows an increase in the number of longer term stays (28 days +) to 15% of total bookings, which they attribute to flexible workers.

6 tips on how to start an Airbnb in a pandemic

Before 2020 there was no ‘right’ type of Airbnb property to list. If you put up a great looking property on Airbnb with good amenities you could make money just about anywhere. But Airbnb data during 2020 and 2021 shows that listing type now matters A LOT. Picking the right location and type of property is critical if you want to start an Airbnb in 2022.

Breaking down the trends, reading the data, and learning from our own Airbnb host experiences over the last 2 years here are our top 6 tips on how to start an Airbnb in a pandemic and still make money.

  1. Stay away from large city listings. We can’t see these coming back during 2022.
  2. Look at destination locations and rural areas. Just plan for booking demand to dampen at some point in the future. Factor this into your numbers!
  3. Small and mid-tier cities are a pretty safe bet during and post pandemic. We suggest looking for:
    • Mid tier cities people travel to for multiple reasons.
    • Gateway cities to regional areas as rural dwellers need access to major services.
    • Satellite cities with tourist attractions as lots of people can travel there by car.
  4. The type of property you list is now more important. Data shows that larger homes are more in demand as families fear snap lock downs in small spaces. Unique stays in less populated areas are rocking it. Stay away from small apartments in buildings with more than 2 stories.
  5. Make sure you can accommodate longer stays (28 days plus). Amenities such as wifi, cooking facilities, clothes storage, a washer and dryer, a place to work and an outdoor space are all really important to longer term guests. Proximity to services like medical care and supermarkets are also critical.
  6. Pandemic proof your listing. Make sure you have a property with a separate walk up entrance (no lifts), no shared utilities, no common areas, self check-in, and private outdoor spaces.
How to start an Airbnb
US data

The final word

The good news is that AirDNA data shows you can start an Airbnb in a pandemic and still make good money. Booking demand has increased for certain listings in certain locations with certain amenities, and so have nightly prices. But the data also shows that not all Airbnbs are equal during a pandemic. Where and what to list are now critical questions you need to answer before you start acquiring or setting up your first / next property.

If you want to learn more about how to start an Airbnb, bookmark our Airbnb Host Hub page where you’ll find out upcoming eBook on exactly this topic!

If you’re serious about starting an Airbnb you really need to understand the data and trends before you leap. We recommend using AirDNA. Their low-cost monthly subscriptions that you can turn off any time are golden.

Can you really make money with rental arbitrage?

rental arbitrage

You don’t need a lot of start up capital or to be a real estate mogul to make money on Airbnb. Hell, you don’t even need to own any property. You just need to know the shit outta how to find and run a great rental arbitrage opportunity. So let’s dive in and get started! Rental arbitrage has become an increasingly popular strategy for making extra money in real estate, and many people are interested in learning how to do it themselves. In this blog post we will cover:

  • what rental arbitrage is,
  • how rental arbitrage works on Airbnb,
  • what to look for in a rental arbitrage property,
  • 6 traps to avoid when rental arbitraging, and
  • our own personal rental arbitrage case study!

What is ‘arbitrage’?

In its simplest form, arbitrage is the process of buying a product in one market and then immediately selling it in another market for a higher price. This can be done by taking advantage of price differences between two different markets, or by taking advantage of discrepancies in the price of similar products offered by different sellers.

There are tonne of arbitrage opportunities available nowadays with the internet giving everyone access to different marketplaces instantaneously.

One well known arbitrage strategy is ‘rental arbitrage’.

What is rental arbitrage?

rental arbitrage

Rental arbitrage is about taking advantage of price differences in different property rental markets. There are different ways to do this. For example, you might buy a rental property in disrepair for a price based on the current rental return. You can arbitrage the rent by fixing the property up cheaply and increasing the rent. In this case you are arbitraging rental sub-markets between run down and well-presented rentals. The difference could literally be a lick of paint, some gardening and new curtains!

Another rental arbitrage technique – and the one we’re going to focus on here – is the practice renting a property long-term and then re-renting it on short term accommodation sites like Airbnb or Vrbo.

This kind of rental arbitrage is also known as ‘house hacking’ and there are two main ways to go about it.

  1. You can rent a property, live in it and rent out a room in that property short term.
  2. you can rent a property long term solely to rent it out to others on a short term basis. You don’t live in it at all.

We’ve made money with the second strategy, but this post applies to both methods.

The rental arbitrage model

The model for rental arbitrage using Airbnb is simple – your Airbnb earnings need to more than cover your cost to rent the property from the owner, plus your operating expenses as a short term rental. If you’re able to find a property where the Airbnb income will be more than your costs, you have created an opportunity for rental arbitrage!

Making money from rental arbitrage is highly location and market dependent as you can see from the AirDNA graph below. AirDNA is a great source of real data from Airbnb rentals.

This image shows the short term rental premium for different US markets based on real Airbnb and long term rental data.

The graph shows that long term rental rates have increased in some US markets and decreased in others due to changes in demand. Short term rental nightly rates and occupancy rates have also changed with demand. But what does all this mean? Well, markets where growth in short term rental demand and nightly pricing exceeds long term rental rates are golden!

In this post we are going to demonstrate that rental arbitrage can be satisfyingly profitable if done correctly, but there are also risks involved. You need to know your numbers and market trends (like those illustrated above) to make money. But don’t worry, this data is available on the internet! We use AirDNA for all of our Airbnb analysis.

Make sure you keep on reading right to the end where we share our own personal case study showing how we made money with rental arbitrage.

6 rental arbitrage traps to avoid

Once you understand the basics of rental arbitrage, it’s important to be aware of some traps that can derail your profits. Here are five to watch out for:Your own time commitment – managing a short term rental takes time, so make sure you factor this into your calculations

  1. Not properly researching an area – if the short term rental market is weak or there are too many short term rentals in the area, your earnings will be lower than expected. You need to be clear what your Airbnb occupancy rate will be and the nightly rate you can charge.
  2. Underestimating operating costs – from cleaning supplies to wifi service, make sure you have a realistic estimate of all your expenses. You can take a look at our case study below to get a better idea of what these might be.
  3. Ignoring the rules – governments and municipalities can make and change rules related to short term rentals, so always stay up-to-date on any new rules that could impact your bottom line. It’s best to find a location where there are already clear rules about running Airbnbs.
  4. Finding properties with hostile building management – some building managers or body corporates will do everything in their power to keep Airbnb businesses out of the building. Airbnbs can undercut their profits. Find Airbnb friendly buildings in rent in!
  5. Not managing risk – from damages to rental theft, there are a number of things that can go wrong with Airbnb properties or guests. Make sure you have enough in your budget to cover any unexpected costs and get short term rental insurance!
  6. Make sure you have a clear written agreement with the property owner stating your intention to rent the place short term. Be crystal clear about who will pay what costs – utilities, maintenance, and repairs.

What to look for in a rental arbitrage property

There are several things we recommend that you look for when identifying rental arbitrage opportunities:

  • The numbers of course! There must be a good short term rental premium in that location. We talk about ‘short term rental premium’ above.
  • The property should be in a desirable location with high demand from Airbnb guests. You can check short term rental demand for an area using AirDNA.
  • The rental rate that you pay should be below or at market value.
  • The property should be well-maintained and (ideally) furnished. This will reduce your Airbnb set up costs to things like small appliances, kitchenware, and consumable items (bath products). Lower costs mean quicker profits!
  • Properties that offer extra value that isn’t reflected in the rent. Like plenty of room to sleep more people using sofa beds or ways to turn dead spaces into a profit. Examples might be transforming a study into an extra bedroom, or an ‘insta-worthy’ view that’s not reflected in the rent.
  • A property that can out compete other Airbnb listings in the area. This means that the amenities, the interior design, the space, the light and the comfort level are better than the average local listing.

When considering a rental arbitrage opportunity, always do your research to make sure these factors are present!

Now you understand what rental arbitrage is, how it works, some of the traps to avoid, and what to look for. Huzzah! Now let’s take a look at an example of how we successfully made money with this strategy.

Our rental arbitrage case study

We’re going to share with you a personal case study using rental arbitrage. Hopefully it helps you understand how to go about finding these opportunities and how much you can actually make, if you do it well!

Due diligence

When looking for an investment opportunity, we always start with a due diligence phase. For Airbnb, we use AirDNA to do our research, as well as the Airbnb platform itself. Our aim was to find a rental arbitrage opportunity and set up a new Airbnb income stream for our financial freedom goals!

Our due diligence on AirDNA discovered:

  • strong demand for Airbnbs in a particular Brisbane CBD area; an entertainment district featuring restaurants, bars, clubs, and cultural venues
  • a limited supply of quality 1 bedroom apartments in the direct vicinity
  • a pricing gap in the nightly rate for singles or couples wanting to stay in the area
  • the most successful Airbnb listings in the area had a ‘wow factor’ to them.

Once we identified this gap in the market we went about finding an apartment to rent to specifically fill that gap in market demand and pricing…

The property

We found a one bedroom apartment for rent in the area through a real estate agent in our network. These are the features that we felt made the property a potentially good Airbnb option:

  • spectacular city views
  • walking distance to entertainment venues, restaurants, pubs and clubs
  • spacious apartment for a 1 bedroom
  • all new interior
  • Airbnb friendly apartment building.

The rental arbitrage deal

After further discussion with the agent, the apartment was offered to rent for $460 per week.

Next it was time to do the numbers….

After crunching some high and low scenarios we realised from the combination of Airbnb demand (occupancy) and achievable nightly price, compared with the weekly long term rent and likely expenses that this particular would be a good rental arbitrage opportunity.

We signed the lease, snapped into action and began to set up the Airbnb listing.

Set up costs

The apartment did not come furnished, which meant that we had higher start up costs. We would also face a pay back period before we started making actual profit. We needed to limit the set up costs to achieve a payback period of under 6 months if possible, given we had a 12 month rental lease.

It cost us $7000 AUD to furnish, decorate and equip the apartment for Airbnb guests. This included all new items and buying our own linen. It did not include the 7 days it took to set everything up, which you’re paying rent for. Make sure you factor this in to your analysis.

Income and expenses

Here is our actual income and expenses ledger for the month of January.

January ExpensesCost per month**
Hot Water$165.50
Cleaning and laundry$370
Total cost$2896
Total income (net of fees)$4519
Monthly profit$1622
** numbers are rounded

Annual profit

Extrapolating from these monthly figures we can get an indication of annual profits.

Year 1 profit is equal to the net income after start up costs….

= $1600 x 12 months – $7000

= $12,200

Year 2 profit is more like $19,200.

Thats just from one x 1 bed apartment! You get three of these things that work well and you could consider quitting your job and building an empire!

Final word

It’s worth knowing that not all months are equal in Airbnb income – some have higher demand and some have lower demand. CBD locations like this one are not particularly seasonal however, and can experience strong demand all year round due to the variety of entertainment options in the area. What you really need to watch out for is oversupply of properties locally – this can really impact your occupancy rates and your bottom line. We have ways to manage this risk which you can read about in our upcoming ebook!

Our eBook will also share the due diligence strategies we use to help our Airbnb business ride through business risks like unexpected dips in demand (from a pandemic maybe!).

If you’re doing due diligence on a potential property of your own, AirDNA will show you average occupancy for a particular area as well as average nightly price for different types of properties. Base your due diligence off of this data but allow a buffer for expenses. We also recommend running some sensitivities on your analysis based on higher and lower demand scenarios!

Next steps

In this post we’ve shared some beginners knowledge about rental arbitrage and how we make real honest to god money from it.

If you want to learn more and set up an Airbnb income for yourself, here are two things you can do:

  1. Sign up for the BNBformula training and get cracking on building your own Airbnb business empire, OR
  2. Bookmark our Host Hub page and stay tuned for our upcoming eBook. It’ll cover all of our hacks and tips with this rental arbitrage strategy.

Or you can read our other cool posts on making money with Airbnb!

How to manage Airbnb properties for other people
Make money on Airbnb without owning property – $6400 in one month with this apartment
How to start an Airbnb in a pandemic

Financial freedom with Airbnb using rental arbitrage is real peeps. Let’s get stacking those Benjamins (or Pineapples if you’re from Oz!).

How to manage Airbnb properties for others

manage Airbnb properties

If you want to escape the office and be your own boss you we know of a great income option that can be as big as you make it: manage Airbnb properties for other people. In this post, we’re going to answer the biggest questions for wanna be Airbnb managers and co-hosts. We’re Superhosts who manage our own and other people’s Airbnb properties.. So we know a thing or too about what you’re in for and this guide comes from the heart! Here’s what our article will cover:


  • Can you manage and Airbnb for someone else?
  • How does it work?
  • A gap in the market for good Airbnb managers
  • Different business models to manage Airbnb properties
  • How do Airbnb property managers get paid?
  • Do you need a real estate license to manage and Airbnb?
  • How much work is it to manage an Airbnb?
  • Do you need money to get started?
  • How much can you earn?
  • 4 steps to start managing Airbnb properties for other people
  • Conclusion
manage Airbnb properties

Can you manage an Airbnb for someone else?

Yes. You definitely can manage an Airbnb for someone else. We would go so far as to say there are tonnes of Airbnb owners out there looking for reliable people to manage their Airbnb properties! We’ve been in those exact shoes.

The best thing about it? There’s loads of different ways to set it up to suit the services you offer and the needs of local Airbnb owners. Some that don’t require you to obtain a real estate license.!

How does it work?

It all starts with Airbnb owner wanting someone to manage their Airbnb property on their behalf. The types of tasks Airbnb owners often need help with include:

Existing Airbnb listings:
  • managing the listing on Airbnb, including bookings, the calendar and nightly rates
  • guest communications and resolving guest issues with Airbnb
  • managing or doing the cleaning and laundry
  • keeping inventory inside the Airbnb
  • managing property maintenance and upgrades
  • any social media (mostly on vacation rentals)
New Airbnb listings:
  • styling and set up for the Airbnb – sourcing furniture, linen, decor and other supplies and setting up the home within a budget
  • listing the property on Airbnb – setting up the account, guest communications, professional photography, payment methods etc

Airbnb management services

These tasks listed above are the types of services you would target when you manage Airbnb properties for others.

Airbnb owners may want all or just some of these services. For example ,some Airbnb owners may just want Operations Managers. Operations Managers typically cover cleaning, maintenance, inventory and any on site services. The owner may be happy to manage the listing and guest communications themselves.

What this means is that there is loads of flexibility in how you operate and what you do when you set up a business to manage Airbnb properties for other people.

Once you find a service offering that you’re good at and works for your market, stick to it!

A gap in the market for good Airbnb managers

Professional Airbnb management companies are expensive. Any Airbnb owner that engages a professional management company will likely lose a hefty part of their Airbnb profits. Management companies start from 20% (of total Airbnb revenue before costs – eek!) and go as high as 50% ‘depending on what services are involved’.

Airbnb management companies are also still rare. While Airbnb’s are everywhere around the globe, professional Airbnb management companies are not. In our experience, they operate on a volume based model, which means they are located in and focussed on large cities with lots of Airbnbs.

If you’re not located in a large city, there may be a gap in the market for you. Huzzah!

Don’t fear city dwellers, there’s still plenty of room in the market depending on your chosen business model and value proposition.

Different business models to manage Airbnb properties

From professional Property Managers to Airbnb Co-hosts

Professional Property Managers (usually incorporated businesses) manage both the Airbnb listing and the operations for the Airbnb owner. To do this, they list the Airbnb property under their name or brand. The owner simply sits back and receives their Airbnb income and performance reporting.

This is the model with the highest fee structure as the Airbnb manager has all of the responsibilities listed above and more. It is also the model that is likely to trigger real estate license requirements and public liability insurance requirements in many states, both in Australia and in the US. There’s more details on this below.

By all means, if you’re looking to build an Airbnb property management empire in your local market, then go for it! Get licensed, insured and off you go!

However, the good news is there are also other models to manage Airbnb properties for others, where licensing is not necessary.

For example, you can co-host an Airbnb with another person (the owner) and still provide services and get paid, without having to receive the rental income.

What is an Airbnb Co-host?

An Airbnb Cohost is a secondary host role on the Airbnb platform. A cohost helps the Airbnb owner manage their listing. Cohosts can be added to a listing by the Airbnb owner.

Airbnb restricts the activities that Co-hosts can perform on the platform. Generally you can’t access the owner‘s payout or tax information. But you have access to almost everything else about the listing, enabling you to provide co-host services.

How do Airbnb property managers get paid?

Percentage fees

This is where you’re paid a percentage of the total Airbnb revenue (usually after Airbnb fees). The percentage is up to you and the Airbnb owner, but industry practice is to start at around 10%.

Remember, that’s just the management fee and it does not cover actual operating expenses! You can see in the equation below where these are deducted.

This payment method works best when you are managing all parts of the listing, including revenue, on behalf of the owner as you get to see all income and expenses. You simply take your negotiated fee from gross earnings (ex Airbnb fees). It’s easier to work this out AFTER Airbnb fees are deducted because of the way the platform reports income. Here’s an example of what it might look like.

Airbnb management fees = (total monthly Airbnb income – Airbnb fees) x 10%

Airbnb owner profit = total monthly Airbnb income – Airbnb fees – Airbnb management fees – operating expenses

You don’t have to calculate your fees this way – it really depends on what you and the Airbnb owner negotiate. You may take a percentage of Airbnb owner net profit, instead of total revenue (minus Airbnb fees).

By guest turnover

This is when you are paid by the Airbnb Owner (via bank transfer) in the form of a fixed fee per guest stay at the Airbnb. You negotiate what is included for this fixed rate.

This kind of payment method suits Airbnb Operations Managers. But make sure to be clear on what is included and what is not. For example, cleaning, laundry, gardening and basic maintenance. Any repairs, replacements etc would typically not be included in the fixed fee. They would be paid separately by the owner, although you might be responsible for organising them.

Because there can be extra duties outside of guest turnovers that sometimes need to be taken care of, it can be a good idea to agree an hourly rate to perform these one off tasks.


You’re paid a simple hourly rate and are on call to manage the Airbnb as needed. This may include cleaning, laundry, guest check in, maintenance, gardening and the list goes on.

If you head own this path, our advice is to negotiate an ‘after hours’ rate. Airbnb management can involve night time call outs when things go wrong – like the guest can’t operate the fold out bed or misplaces the door key.

Do you need a real estate license to manage an Airbnb?

Not necessarily. It really depends on what you do as an Airbnb manager.

In Australia, if you’re receiving rental income on behalf of someone (whether short or long term), you need to have it paid into a trust account. To open a trust account for this purpose you need a real estate licence.

In the US, states vary on their real estate licensing requirements for Airbnb.

It’s really a state-by-state requirement in both Australia and the US.

The good news is, you can avoid this requirement by avoiding managing the Airbnb revenue.

How much work is it to manage an Airbnb?

It’s entirely up to you, based on your business model.

If all you are doing is outsourcing work to cleaners, handymen and linen providers for your 10% management fee then it’s not a difficult gig. You’re mostly coordinating guest turn-overs, managing guest communications (and these can be automated now on Airbnb systems) and managing inventory, quality and disputes.

The skills you need are things like coordinating, communicating staying organised and problem solving.

If you’re doing the cleaning, laundry, maintenance, and gardening yourself then it is a lot of work so make sure you negotiate fair payment for it.

Do you need money to get started?

Not necessarily. There’s no or minimal start up capital needed if you’re already an experienced Airbnb host and you’re managing outsourced activities.

You may spend $50 on AirDNA data to determine your business model and fees. If you want to advertise on Cohost Market (seed down below) you might need another $50.

You will need a car, and may need to be co-located with the Airbnb listings that you are managing. That said, remote Airbnb co-hosting is a thing. Stay tuned as we explore this in a future post!

If you’re new to Airbnb, we absolutely recommend you learn the business before starting to market yourself as a co-host. Invest in your Airbnb education like we did. Your new business and income will thank you for it!

How much can you earn?

How long is a piece of string? If you’re asking whether you can earn a full time income managing Airbnb properties for others, then the answer is definitely yes.

The amount you earn per listing, per month depends on:

  1. Everything in our guide above.
  2. The property itself. Luxury properties, unique properties and well-booked properties are clearly your target market. The better the listing performs, the more you earn. To earn the big bucks, you need to be able to spot a great listing, or make a good one even better!
  3. How many properties you manage. As we mentioned previously, there are tonnes of new automation tools and platforms that have sprung up around Airbnb. Many are designed to automate the tasks of property management. This means you can build a really, really good income stream managing multiple properties with automation in place.

You can even build your own Airbnb management empire!

4 steps to start managing Airbnb properties for other people

manage Airbnb properties

1. Learn the Airbnb business

We can’t emphasise this enough. Airbnb is a competitive market. To successfully managing other people’s listings you need to know how to:

  • find Airbnb owners to work with
  • nail your elevator pitch about why they need you to manage their property
  • showcase the Airbnb listing
  • optimise for the Airbnb algorithm
  • get bookings and manage nightly rates and calendars
  • maximise revenue
  • manage guest demands and needs
  • resolve disputes
  • comply with Airbnb’s many rules and policies (or risk having your account shut down).

If you’re marketing yourself as a Airbnb manager and learning these on the fly, you will be out competed. Full stop.

Revenue will suffer and so will your income.

You certainly won’t get a look in on the type of properties that we mention above and that will earn you the highest income as a co-host or property manager.

Invest in yourself – we did!

If you’re serious about building a real income from Airbnb then our advice is to invest in yourself. We did, and it has paid off big time. We live on our Airbnb income and it’s allowed us to quit the rat race. We can be our own bosses and we automate a lot of the tasks we do.

Bnb Formula is our recommended course to learn how to successfully manage multiple Airbnb properties. Check out the incredible value that is included in this online course and registerright here!

Remember, you’re only as successful as the listings you manage!

2. Decide what services you will offer and your fee structure

You need to write down your business model and work out your minimum fee, whether it be fixed or variable (percentage). We wouldn’t suggest opening your negotiations with your minimum rate of course, but don’t undercut it either!

If you want an example of Airbnb earnings, take a look at this this post about the monthly earnings and expenses for our 1-bed apartment listed on Airbnb.

You might also benefit from a one month subscription to the AirDNA analytics tool. Here you can find real data and actual earnings of real listings in your area. You can also see the nightly prices and occupancy rates of these listings. With this information, you will be able to determine your fees and the types of properties you should target. It’ll cost you less than $50 for this invaluable data.

3. Pull together your Airbnb management team (if you’re outsourcing tasks)

In some cases, an Airbnb owner may already have service providers that they use for their listing. You can inherit these if you take on management. In that case, you won’t need this step.

Alternatively, you may want to pull together a core group of reliable people around you to perform the tasks of cleaning, laundry, maintenance, gardening and repairs. Your Airbnb management team should include these people:

  • cleaner (who does linen and inventory preferably)
  • gardener (for stand alone homes only)
  • carpenter (for broken furniture, doors, etc)
  • plumber
  • electrician

As part of this, you’ll be negotiating rates for each service. You’ll either incorporate them into your business model or clear them with the Airbnb owner. Just note that cleaning and laundry is listed separately on Airbnb and paid for by the guest directly, so rates can be market driven.

4. Market your services

Here’s where the Bnb Formula training will first come in handy. The training teaches you were to find Airbnb owners, or potential Airbnb owners. It also teaches you how to pitch to them. We’ve done these pitches successfully and the training actually works. Without it, we would have struggled to bring owners and their properties on board.

Where to advertise

Other places to list your services as an Airbnb Co-host or manager are:

Fiverr – Fiverr is a freelancer website with global and local reach. It’s popular in the US and growing in Australia.

Airtasker – in Australia you’ll find people advertising their Airbnb services on Airtasker. It’s where we went to try and find help managing our Airbnbs.

Upwork – this is an other freelance online marketplace where people go to find help with their Airbnb properties.

Airbnb Facebook groups – there are heaps of these but be careful about the group rules and any self promotion as you enter.

Cohost marketprimarily in the US, UK and Canada this is a platform where you can register as a Co-host of property manager for a small annual fee of less than US$50. In return you get to market your services and search job listings specific to the Airbnb sector.


You can make a legitimately great income, be your own boss and quit the rat race. Just manage Airbnb properties for other people. You don’t need a license and you can build a service offering to suit your local market. In this article, we’ve provided tips about different business models, how much you can earn, and 4 steps to get started today.

If you’re keen to kick-off your new Airbnb co-host or property manager venture, your first step is to sign up for this Bnb Formula training.

Find out how to put yourself in the top 1% of Airbnb hosts and maximise your income.

Get learning now, and good luck!

Make money on Airbnb without owning property – $6,400 in one month with this apartment

Make money on Airbnb with no property

You might think all of the stories going around about people making money on Airbnb with no property are just a bunch of marketing BS. But we can say hand on heart that you can make money on Airbnb with no property. And you can do it without any prior experience, if you know what you’re looking for and what steps to take.

We know this, because we have made good money on Airbnb with three rental properties – none of which we owned personally.

In this post we’ll show you the first Airbnb property that we rented and then listed on Airbnb. We’ll explain what sort of property we looked for and how we turned that property into a great side hustle income, with zero previous experience. The only caveat is, you need to know what to look for and how to set it all up if you want to succeed. But don’t worry, if this kind of Airbnb side hustle is for you then we’ve got you covered.

We’ll also dive into the costs, gross income and net profit so that you can get a feel for how the numbers really work.

We’ll assume in this post that you know how the basic business model works that enables you to list other peoples property on Airbnb and make money, If you don’t know but want to, check out this post here before reading on.

What kind of property will make money on Airbnb?

Our zero property Airbnb side hustle started in the capital city of Brisbane, Australia.

After we decided we wanted to make money on Airbnb with this strategy, we started by working out what kind of property we were looking for and where in Brisbane.

To understand this, we had to learn about what factors make a successful Airbnb listing and then research those factors.

If you want to learn more about the exact formula for identifying great potential Airbnb properties we highly recommend this course that steps out everything you need to know in a formulaic approach that you can replicate across multiple locations and property types.

Where to research and what to look for

The first thing you need to do is get an idea of where Airbnbs are already running successfully in your area.

The free way to do this research is on Airbnb itself but it will be time consuming and a bit complex. Here is how we’d go about kicking things off:

  1. Location search – Do a map search of different locations in your areas to see where existing properties are concentrated.
  2. Property search – Then drill down into those locations to find out what type of properties are listed there – is it apartments or houses? How many bedrooms, bathrooms? Take notes about the condition of the properties and amenities.
  3. Calendar search – then for each of the properties in that location open the listing on Airbnb as though you were going to book it. Use the web browser as it has better functionality. Look at the how full the listing calendar is for that month and the three months after. You need to see good upcoming bookings in the calendar.

This is really something you’d want to spreadsheet out. If you do this research you’ll start to understand what suburbs are good and what types of properties are getting good bookings in those locations.

The much easier way to go about this due diligence step is to just use the premier Airbnb data source and service – AirDNA. They’ve done all the data analysing for you and just give you the results.

For a small monthly subscription (ours was about $40 I think), which you can cancel at any time, AirDNA will give you access to critical listing performance data you need to make money on Airbnb without owning property:

  • occupancy rates per location
  • booked nights per month
  • booked prices
  • Property types per location
  • actual earnings of potential competitor properties in that location

This data is presented in nice tables with maps and graphics – all easily digestible. And will make it easy and quick to work out where to look for property and what type of property you need to find.

The rental property we found

We decided on Brisbane City as the best location for our first Airbnb rental arbitrage property. We also worked out from the AirDNA data that there were very few 3 bedroom properties listed, so we targeted that under supplied part of the market.

In our CBD location, all of the properties were apartments rather than houses. Because we were looking for a large 3 bed apartment, we also wanted it to be at least partly furnished. This would reduce our set up costs to list it on Airbnb. The rental needed to include good quality beds, a sofa, dining table and chairs, a TV and TV unit at a minimum. We also knew, from the training we had done, that a large property needed two bathrooms to appeal to different combinations of guests. Our ‘wish list’:

  • 3 bedrooms
  • 2 bathrooms
  • furnished
  • CBD location
  • a wow factor, to beat the competition for bookings

So with this wish list we started to search online and attend rental inspections to identify suitable property.

Now lets take a look at the property we found, and ended up renting with the owners permission to list on Airbnb:

The apartment was a 2 bed 1 study apartment with two bathrooms. The study was key to our strategy because it allowed us to list the property on Airbnb as a three bedroom apartment, which meant a higher nightly price and more revenue.

All of the furniture you see in the photos came with the rental and was owned by the landlord, with the exception of the single bed we set up in the study. The kitchen items, decor and linen was supplied by us.

This apartment was located on the 72 floor of Brisbane’s highest residential building with towering views of the city skyline and sweeping panorama out to the ocean. This, and the fact that the building was new, made up our wow factor – the reason guests would chose our listing over the competition.

How much can you pay in rent and still make money?

We knew from our research on AirDNA the gross revenue that we could expect from renting similar a 3 bed 2 bath property in Brisbane City. AirDNA shows you the average occupancy level (nights per month) and nightly booked price for a particular area and a particular type of property. You can validate this by viewing the real earnings of your competitors, also using AirDNA.

We then estimated, from the training material we had, what our costs might average out at per month to run the Airbnb listing, in addition to rent. These costs covered things like power, water, internet, laundry, snacks, insurance and any small maintenance issues that we might need to fix.

From these figures, we were able to calculate the most we could afford to pay in rent and still make a good profit each month. That maximum rent was $1000 per week, which was right on market for a furnished 3 bed, 2 bath new build property in Brisbane City. This is another critical reason to use AirDNA and to get access to all of the templates available through the BNB formula course if you’re serious about turning this Airbnb strategy into a full time income or business.

Our Airbnb costs, gross income and net profit revealed

This is the first time we’ve revealed the numbers from the inside on one of our Airbnb listings where we didn’t own the property. We’re sharing it because we hope it benefits you if you’re thinking about making money on Airbnb without any property of your own and trying to understand the cash flow proposition and business risk.

ItemMonthly Expenses
Laundry & cleans$1120
Key service$50
Total Expenses$5,927
Airbnb Gross Revenue (after fees)$10,583
Other revenue (after fees)$1,735
Total Gross Revenue$12,318
Net Profit$6,391
Expenses in Australian Dollars

So what does these figures mean?

Here’s three valuable take home points from the actual monthly figures we’ve shared today that will help you to succeed:

1.You need to be confident your revenue from bookings will more than cover your monthly costs.

In our case, these monthly expenses of $5927 were fairly typical. No expenses for maintenance were incurred that month but you’d want to factor a maintenance cost in. You also need to factor in expenses to run this type of Airbnb business. These include insurance, your own internet costs and computer costs, and any other administrative expenses you might have.

The way you develop this confidence? Look at the data you can get on AirDNA and do your sums. Our advice is don’t sign a rental agreement on any property to list it on Airbnb before you do your homework.

2. There are peak and off peak seasons with most areas. You need to stay right on top of monthly pricing to make a profit like this.

Know when your season peak price nights are and charge accordingly. This month was so profitable because we knew a peak event occurred in the city during the month. The nightly booked price for apartments with a spectacular view of the city skyline on one particular night was $2000. Imagine if you missed that and just charged the normal rate?

You can find nightly advertised prices and forecast future nightly prices (based on booking demand) in AirDNA.

There are also pricing services that you can use to make sure you take advantage of changes in demand for accommodation in your market. One such service is PriceLabs.

3. Occupancy rates matter to your success. Which means the quality of property you pick to list on Airbnb is critical.

You can find average occupancy rate data in AirDNA. You need to hone in on the rates that apply to your particular type of property. One bedroom places will book differently to 3 bedroom places. The quality of property your rent and wow factor will influence your booking rate.

But once you know the average occupancy rate for your area and have found a quality property with wow factor, just focus on the top earning properties in that area and either copy what they do (in terms of styling, listing, added value), or do it better. If you follow this advice, you will almost certainly beat the average occupancy rate you find on AirDNA. We routinely beat the average occupancy rate by 10% to 20% with this property, and some months were 96% booked.

The final word – in God we trust, all others bring data

Making money from Airbnb without owning property is a fantastic side hustle. It’s entirely doable with no experience. It’s fun and it doesn’t take long to start making a good secondary income stream. With a couple of properties like this you could literally quit your job and make a different life for yourself and a better lifestyle.

But you can’t just jump in and expect immediate success without knowing what you’re doing and without looking at the data. There is a bit to it, some stuff to learn. It’s all entirely do-able though. We can vouch for that.

The two tools we used and that were critical to our success we have shared with you today -:


BNB formula.

We can’t recommend these highly enough. They do cost some money. But it’s one of the best investments we’ve made in ourselves because of the money we made.

If you’re interested in reading more about making money on Airbnb check out our other great posts:

Til next time have fun, be happy and do good freedom seekers!

And please give us a like or share if this post gave you value you couldn’t find elsewhere on the internet!

How to make money on Airbnb without owning property

make money with Airbnb

If you think it’s impossible to make money on Airbnb without owning property, our personal experience will convince you otherwise.

In fact, we’ve made a lot of money on Airbnb without owning property.

And it’s a lot easier than you think.

In this post, we’ll share the Airbnb business model basics that took us 3 months to go from $0 to $10,000 per month profit. We’ll also share 5 alternative Airbnb income streams that you can use to start making money from Airbnb TODAY. All without owning any of your own property.

How to make money on Airbnb without owning property

The truth is there are a lot of ways to make Airbnb profit with none of your own property. We are going to share the most lucrative model for you. The model you can use to build passive income quickly and quit your job. But don’t forget to read to the end of this post to see the abundance of opportunities out there to make good money from Airbnb.

Before we get into the how, lets look at what it means to make money hosting on Airbnb without owning property. We’ll also run through why property investors would want to partner with you, and how much moolah you can make with this Airbnb strategy.

What is hosting on Airbnb without owning property?

It’s just partnering with other property investors to list their properties on Airbnb, with their permission, so that you can arbitrage the rental income. It’s entirely legal if you do it with the right arrangements in place.

If you’re keen to learn more what rental arbitrage is and how we made it work for us, check out this article Can you really make money from rental arbitrage“.

Essentially, rental arbitrage is where you take out a rental lease on a property as a tenant. The rental agreement must include that the owner/landlord agrees that you’re going to list the property on Airbnb.

Then you set up the property as an Airbnb listing – which means all furniture, styling, appliances, linen, kitchenware and so on comes out of your pocket. Once it’s all set up, you list the property on Airbnb and manage the entire thing – online listing, property operation, and Airbnb income.

You pay the rent, the power, the water, the WiFi bill and cover basic maintenance costs.

Each month, you need to make more money in Airbnb bookings than your cost of rent and your operating costs. This is your profit at the end of the month and what some folks call ‘rental arbitrage’. And, it is entirely possible to turn this into passive income if you know the systems to use.

Why would property investors agree to you listing their property on Airbnb?

We’ve been landlords to long-term tenants. The truth of our experience was that neither the tenant nor our property manager gave a toss about looking after our investment asset. 5 years after a complete internal renovation, our properties were looking tired and old again from a lack of care. This simply can’t happen when a property is listed on Airbnb.

A property on Airbnb MUST be keep in great condition or it just won’t get bookings. So owners know it will be cleaned multiple times a week and that you’ll take care of maintenance costs for them. If the property doesn’t get booked, you don’t make money.

You should also take out short term rental insurance and show this to the property owner. This will give them peace of mind that if anything goes wrong your insurance will cover it not theirs.

Can you make money with this Airbnb strategy?

The answer to that one is a big yes! You can make a flood of passive income listing other peoples properties on Airbnb – if you do it right!

We’ve done it with three properties. We made $10,000 PROFIT in a month listing these three properties below that we didn’t own. You can read more about it here.

Hosting other people’s properties on Airbnb is truly one of the lowest cost, highest cashflow income opportunities we’ve come across in all of our financial education and money making endeavours. And did we mention it’s one of the best passive income ideas out there.

Check out this post where we reveal how much we made in one month with this single property that we didn’t own – the full cost, revenue and profit figures are all laid out for you..

And check out this case study that shows the full income, expenses and profits from one of our rental arbitrage properties.

So how do you get started?

We started by learning how to do it from the experts and you should too.

Why? Because you want to make sure what you do works! You need to know the following before you leap:

  • what sort of properties to look for,
  • how to find and pitch property investor partners,
  • what legal agreements to put in place,
  • why its important NOT spend too much money setting up your listing,
  • an insight into the Airbnb algorithm,
  • how to guarantee immediate bookings,
  • how to fill your calendar from day one.

We followed a step by step formula and within 4 months we had paid back the set up costs and we were making a cool profit of $4000 per month on average. In month six, we turned a $10,000 profit in one month across the three properties. That was peak season Airbnb profit AFTER all operating costs and rent. Made bank peeps. Fat stacks of passive income in our pocket.

If you want to get started making sweet cash and being your own boss, we’d recommend taking up this opportunity to learn from the best. It’s an online course called the Bnb Formula. You’ll get the literal step by step formula to follow, with training, templates, tools, landlord pitches, legal info and a bunch of bonus – all done for you. This training is gold and works just about anywhere in the world – the steps are the same!

If you don’t want to shell out for a course just yet, then bookmark our Host Hub page. This is where we’ll be launching our upcoming eBook series “Making money with Airbnb“. The series will cover how to make money on Airbnb without owning property.

How to make bank on Airbnb without hosting

We’re Airbnb Superhosts of multiple properties and we know what it takes to run a successful Airbnb listing. You’re essentially a mini hotel, which means you need to take care of a lot of the same stuff that hotels take care of for their guests.

A beautiful place to stay and relax, cleaning, linen, maintenance.

Check in, check out, local information services.

Gifts on arrival, instructions for how to use the home and all its gadgets and appliances…

These are some of the things that Airbnb guests expect in 2021 when they book your listing. But they also create a killer opportunity to make money from Airbnb, without owning investment property.

You see, because of the growing expectations of Airbnb guests a whole ecosystem of service providers has popped up around Airbnb stays. Services to Airbnb hosts and owners that either can’t or don’t want to manage all of their Airbnb hosting tasks on their own.

We use multiple service providers to help run our Airbnbs and still find there are gaps in finding all of the services and the quality that we need – particularly in regional areas.

These services are also important because the little known fact is that many Airbnb hosts run their listings remotely and rely on other people and apps to help them.

So let’s run through the opportunities that you can take advantage of TODAY to make a nice side income from Airbnb or even turn it into your full time employment.

All with zero property to your name…

Here’s our top 5 ways to make money on Airbnb without hosting any property

  1. Bundled cleaning and linen services
  2. Maintenance services
  3. Concierge services
  4. Cohosting services
  5. Property Management services

#1 – Bundled cleaning and linen services

It’s no secret Airbnbs require cleaning between each guest. You’d think it would be easy therefore to go online and find a cleaner from the many businesses and websites advertising. But it’s not. Why? Because Airbnb hosts need cleaners that also do linen. This is a gap in the market for anyone looking to start up a side hustle or business.

Good Airbnb bundled cleaning and linen services are hard to find, particularly in regional areas. That means an opportunity for you to be self employed and to make money from Airbnb.

#2 – Maintenance services

We hire a maintenance guy to look after our yards, gardens and any small maintenance jobs in our Airbnbs. These can be things like changing light bulbs, re-attaching fittings, small repairs, and smoke alarm testing. The same guy does our lawns, waters plants, empties the trash and keeps outdoor areas tidy. If you’re the outdoors type this can be pretty easy work to do and with a going rate of $30 – $50 per hour it pays well too.

#3 – Concierge services

This is when you become the eyes and ears ‘on the ground’ for Airbnb hosts that manage their listings remotely. An Airbnb concierge would take care of tasks like random cleaning inspections, stock inventories (toiletries, linen, kitchenware, any pantry supplies), inventory replenishing and back up cleaning. They would also handle problems with lost keys and guests unable to check or use an appliance at the property like WiFi.

#4 – Cohosting services

Cohosting services involve managing the ONLINE part of running on Airbnb. So your target market is perhaps the non ‘tech savvy’ Airbnb host or the side hustle Airbnb host.

Your job would be to manage the online listing so that it is well booked. Making sure the listing appears on the first page of Airbnb guest searches. Airbnb has an algorithm with requirements that each listing must meet to appear at the top of property searches. You’d need to know what these requirements are and meet them.

Daily tasks might be managing guest communications, making sure the listing details are up to date, that the calendar and pricing are up to date and that you’re doing everything you can to hack the Airbnb algorithm.

Co-hosting can even extend to managing the rental income and doing the books (income and expenses for tax time) for the Airbnb host, depending on your skill set.

The best thing about this job is that you could do it virtually, from anywhere. So you’re like a virtual assistant for busy Airbnb hosts and you can take on and cohost properties anywhere in the world. Airbnb provides the separate login access for co-hosts that provide these kinds of services.

#5 – Property Management services

Property management services are just that. Providing an entire A to Z property management coordination for the busy Airbnb Host. It would include managing the listing online and coordinating all services needed to run the Airbnb – cleaning, linen, trades and inventory etc.

In Australia, this requires a real estate license, but the fees you can charge are about double that of managing long term rentals. The secret is that a lot of the coordinating of Airbnb ecosystem services can now be automated with apps. If you know how to do this then providing property management services to Airbnb hosts can be quite lucrative.

Where to find Airbnb side hustle income streams

If you want to set up a side hustle Airbnb income, you’re going to need to advertise your services somewhere Airbnb hosts will be looking for them.

If you’re looking to provide cleaning, linen, maintenance or concierge services we’d recommend jumping onto Facebook and searching for Airbnb forums. There are tonnes of Airbnb host communities online and many start with Facebook. You could also advertise in Oz on Gumtree or Oneflare for your local area.

If you’re offering cohosting services you can advertise on popular online platforms. Airtasker is popular in Australia, but great a site to use is Fiverr where you can offer both VA and cohosting services.

If you want to make a full time income from Airbnb Property Management it’s probably best to start with your own website and Facebook page.

The final word – if we can do it, anyone can

So Airbnb side hustler wannabes, there’s plenty of opportunity around to make awesome money with Airbnb. And it’s only going to get better with Airbnb bookings forecast to grow in 2021 and 2022. It’s time to get your share of the wall of money that’s coming as countries open up and get back to the business of travelling and having fun!

Next steps for your Airbnb learning

Firstly, this Bnb formula online training can help you get started with hosting other people’s properties.

Secondly, here are some of our best articles on how to make money on AIrbnb:

Thirdly, bookmark out Host Hub and watch out for our new eBook series “Make money with Airbnb”. Check out our other Airbnb articles in the Host Hub for more gems like this!

Or lastly, get going on Fiverr offering your services to Airbnb hosts.

If we can make money without our own property on Airbnb, anyone can!

Until next post, have fun, be happy and do good!

And don’t forget financial freedom seekers, if you dig our content, please share the love!

Airbnb passive income – can you make good money in 2021?

Airbnb passive income

You may have heard the horror stories of Airbnb hosts having to shut down and losing all of their Airbnb income as the pandemic raged globally in 2020. It wasn’t just Airbnb hosts losing their pants – a lot of businesses and families struggled. But it did bring into sharper focus the risks of hosting on Airbnb. We lived it. We’re here to tell the tale. So is Airbnb profitable for hosts in 2021? How much can you make on Airbnb in a post pandemic era? Or is it all too damn risky now? In this post, we’ll look at how much you can make in Airbnb profit in April 2021, starting with our own one bed apartment. We’ll also delve into how to manage the financial risks of setting up Airbnb passive income. Read on peeps to see for yourself what an Airbnb side hustle can be worth.

The perfect ‘lil Airbnb passive income property

We have a little one-bedroom apartment on Airbnb in regional town in Australia. It’s located close to the city centre and next to a nice golf course. It’s about 52m2 internal, with a full galley kitchen, bedroom, separate bathroom/laundry and open living dining. The place has its own private, sunny courtyard with nice seating area and lovely garden.

We used to rent it on the long-term rental market for $210 per week or around $10,080 per year, factoring in vacancies between tenants. $10,080 was gross income, and after mortgage and bills we were in the red (negatively geared) by a little each year. A dumb position to be in looking back and I’m not sure why we let so many years go by with it negatively geared. But that’s another story.

We began thinking a few years ago when we were looking at how to better our financial equation that our little one bedder would be the perfect property to trial on Airbnb. We had renovated the place in 2014 and it wouldn’t take much in terms of capital to turn it into a short-term rental. Airbnb side hustle number one, here we come!  

We set up the property for short term guests, (another capital outlay), had professional photos taken and listed the place in May 2019. We weren’t sure who would book as there was not a lot of data on that regional market, but we knew how much moolah we had in the deal. We did our best with the data available and knew the nightly rate we needed, based on local market occupancy, to make a good profit.

How much money can you make on Airbnb in 2021?

Fast forward to April 2021 and that little one bedder has long since paid back its initial set up investment and is no longer negatively geared. Here is how much we made in Airbnb profit from this property in April 2021:

Airbnb passive income
Our one bed Airbnb listing in regional Australia
how much can you make on Airbnb in 2021

So the answer financial freedom seekers is yes – you can make money on Airbnb in 2021. Even with a global pandemic holding back the reins on international travel. This one bed apartment that used to lose a few grand for us each year on the long-term rental market made a profit of $1559 in April alone. The first of our 4 Airbnb properties turned out to be the perfect toe in the water….

If you want to know how to make Airbnb but don’t have any investment properties – we’ve got your covered too! The good news is there is a strategy to make Airbnb profit with zero investment properties that we’ve used and made good money from. Check it out here along with all of the other tools and resources we know and love to make money with Airbnb.

Airbnb passive income

The beauty of that $1559 is that it ranks pretty highly on the passive income scale. During the month of April we put a total of no more than 5 hours into running that apartment on Airbnb. We’re able to do this because we have set up the operating and financial systems and processes to run the listing passively. So that’s a cool 300 bucks an hour. For a little one bedder with a small initial investment risk, turns out it was no-brainer. But taking that first step financially was not easy until we really got a handle on the risks.

Taking your first step to Airbnb profit

Time to pimp your assets peeps! If you want to escape the rat race and you own some property, then one of the first places to start is reviewing those assets. Are they costing or making you money? Have you got the best cashflow strategy in place? Can you use them to live financially free here and now? Airbnb can be a very rewarding passive income strategy and we’ve shown here Airbnb is profitable for hosts in 2021. If you can pimp your property assets financial freedom seekers, we say get on it!

If you’re thinking about an Airbnb profit strategy for yourself but are worried about losing money, then it’s a simple case of doing the numbers. One of my favourite bosses of all time has a sign on his office wall:

“in God we trust, all others bring data”.

I’m not into god but the rest is plain truth. Actually, I’m not into data either, but there’s no financial freedom without it! What I’m getting at is that the financial risk with Airbnb is tangible and manageable. So where to get started?


We’ve lauded the benefits of AirDNA in a previous post so no need to go on about it too much here. In short, it’s a genius tool if you’re worried about taking the first steps into making killer Airbnb passive income. It gives you critical insights into the nightly rate you can charge and the occupancy you can expect in your local area – based on real data. And it’s darn cheap at under $50 for the month, no ongoing subscription – especially for information you get.

How do you work out potential Airbnb income and profit?

So what do you do with the AirDNA data, once you get it? You’re going to want to turn it into useful financial information to help your investment decisions. Sign up for our free Airbnb Profit Estimator to put your Airbnb data into action!

Airbnb Profit estimator – The Airbnb Profit Estimator is our simple to use spreadsheet tool for wannabe Airbnb investors, and time poor Airbnb hosts. The aim?  To help y’all with the financial side of investing in and making money on Airbnb. Here’s what’s in the bundle:

This is where you plug in the AiDNA research. The profit estimator helps you see the potential Airbnb profit you can make based on the nightly rate you can achieve and the occupancy rates in your local market. This data is available through AirDNA. Or you can work it out in a round about way on the Airbnb App – its just way more complex and time consuming.

Airbnb set-up budget planner – this will help you make sure you don’t over capitalise when setting up your first Airbnb. It works in tandem with the Profit Estimator. It calculates your investment breakeven in weeks based on your potential profit and projected (or actual) set up costs. Spend too much early and you’ll be slogging it through months before you see any actual profit.

Income statement – helps you record your Airbnb income and expenses from day one. It calculates monthly and annual profit, profit margin as well as capitalisation rate. This one is for time poor Airbnb hosts or Airbnb side hustlers. If you have a real job, this will make the finances of running an Airbnb a breeze.

This tool is designed to help you take the first step to Airbnb passive income and stay on top of the numbers as you grow your Airbnb profits and maybe even your Airbnb business.

The final word – knowledge is only power with action!

Don’t be held back by disinformation or false news. But also, probably don’t make investment decisions based on the numbers we give you here. Do the numbers yourself like you would for any investment. Start with out free Airbnb Profit Estimator.

If you want to become an Airbnb Host, here is a link to the platform. As they say in the (wherever they say it)…. the rest is up to you!

Until next time – have fun, be happy, do good!

Our road-trip weekend earnings – how much in Airbnb passive income?

Airbnb passive income

Last weekend we headed off on a road trip to the Huon Valley in the south of Tasmania. Mamamia, what beautiful country that is! As we tripped around enjoying our weekend, our phones buzzed intermittently on and off. We were getting tonnes of new bookings for our Airbnbs! In this post we share what we earned as we travelled as an example of what is possible with Airbnb passive income strategies.

Most folks we talk to have the impression that when you look at Airbnb versus renting your investment property, Airbnb is sooo much more work. But did you know you can set up the systems and processes so that it doesn’t have to be? Read on and we’ll prove it.

Day 1 – Eugenana to Hobart

We took off from the north of Tassie early Saturday morning with our Vizsla’s Bailey and Boston. The reason for our trip? We were looking for areas around the city of Hobart that we liked because we’re trying to buy our next home somewhere here in Tasmania.

Day 1 Itinerary: Eugenana ⇒ Longford ⇒ Ross ⇒ Kingston ⇒ Cygnet ⇒ Longley

Airbnb Passive income 3
Ross, Central Tasmania

Day 1 road trip highlights were the amazing landscapes of wild Tasmania, the Salty Dog pub at Kingston, Kingston dog beach and everything about Cygnet. We’d buy there in a heart beat.

Day 1 Airbnb passive income

While we tripped around for the day travelling through central Tasmania, these were our Airbnb earnings:

26 AprilAirbnb Earnings (AUD)
Booking 1 –$265.53
Booking 2$329.45
Total earnings$594.98
Total hours workedzero
Earnings are gross, but after Airbnb fees

When these two guests booked they received an automated tailored and personal message of confirmation and thanks. We received a phone notification via our booking management platform. We’ve set these processes up so that zero effort is needed.  All runs smoothly without us. So we had a beer at the Kingston pub and watched the money roll in. We paid 4% ($23.80) of our earnings to use the booking platform and this is key to our Airbnbs making passive income.

Day 2 Huon Valley

Day 2 was spent tripping around in the Huon Valley looking at homes on the market and land releases.

Itinerary: Longley ⇒ Judbury ⇒ Glen Huon ⇒ Geevston ⇒ Huonville ⇒ Eugenana

Day 2 Airbnb passive income

During breakfast our phones buzzed constantly with notification messages. Here are the bookings we received:

25 AprilAirbnb Earnings (AUD)
Booking 1$448.39
Booking 2$405.81
Booking 3$116.07
Booking 4$112.73
Total earnings$1083 .00
Total hours worked
Earnings are gross, but after Airbnb fee

We spent about 30 minutes all up messaging guests who had requested early check-ins and leaving messages for our cleaners in the cleaning app we use. We have set up a cleaning system via an app that now runs smoothly and needs minimal intervention. We pay a flat fee each month of about $50AUD to use this platform.

How to make Airbnb passive income

Software management systems and cleaning apps are just two of the ways we turn our Airbnb income into passive income. But Airbnbing your own investment property is not a beginner passive income stream. It can take some upfront capital to become an Airbnb owner. We one hundred percent recommend you do the legwork BEFORE you put your hard-earned cash in. Read our blog post on Is Airbnb profitable? Know before you list.

If you want to join us and become an Airbnb host here is a link to the Airbnb platform.

And yes, you can also make money in Airbnb without owning property!

It’s more complicated as there’s a third party property owner involved but once you have all the tools and understand the business model, really anyone can do it. Learning the ‘how’ is the first and most important step to being successful. We invested in some specific training in this Airbnb business model before launching in and followed the formula step by step.

Check out some of our results making Airbnb profit with investor partners and none of our own property right here.

Passive income strategies

The final word – how passive income strategies (eventually) work

Passive income comes about from setting up income earning systems. These systems are built on processes designed minimise your effort to keep those systems running. The thing about passive income strategies is that they take effort and persistence in the beginning.  And you’re not necessarily rewarded for that effort at first. But you have to keep putting in, building up and refining.

It’s an exponential earning curve. If you keep on it, then the power of passive income kicks in and you get to take a weekend road trip with your pooches, have a leisurely drink at the pub and make $1677.98 in income for just 30 minutes work.

The fat stacks are out there people. Let’s go get some.

Until our next post have fun, be happy, do good!

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