6 new and legitimate ways to make money online with PayPal for doing nothing

make money online PayPal

Psst…. Want to know how to make $187 free PayPal cash in the next month sitting on your couch doing nothing? If you’ve Googled ‘make money online PayPal’ and found this post, then get ready for some legit passive and free money to come your way.

We at the LLP love free money, especially if its passive income. And the thing about multiple little streams of passive income is that it all adds up to your financial freedom. So we’ve gone hunting the internet for the best ways to make real money online doing absolutely nothing. You just have to sign up to a few apps and download a browser or two. Real legit cash for barely lifting a finger peeps. Not kidding.

Legitimate and free ways to make money online PayPal

We’ve run dozens of ‘rewards” apps through their paces and have come out the other end with 6 legit opportunities that are definitely worth a few clicks of your mouse.

Our research sifted painfully through loads of dodgy casino and gambling apps and apps that pay peanuts for hours of your time – that’s not passive income!

We’ve weeded out the ‘best of the best’ passive earning opportunities that actually pay you a steady amount sweet, sweet cash.

Summing up, these are the apps that DON’T require you to spend extra money to get rewarded. You just have to do what you’re already doing. So you’re definitely net better off at the end of the month getting onto this little gravy train side hustle.

It’s free money because you’re earning it just by doing what you do in real life each day. The money is passive because you’re not required to trade your time for the money you earn. It’s also interesting, because it sheds light on the value you bring to companies around the world as an internet consumer. No harm monetising that now, is there?

What do you need to do to make $187 in the next month, online?

The beauty of our research is that we’ve targeted apps that only require things you will likely already have or reward activities you’ll already be doing. We don’t want to you spend extra money on stuff you don’t already buy or need. Here’s all you need to get $187 bucks for free:

  • an internet connection,
  • the ability to do your normal weekly shop online (lets face it, since 2020 we’re all online shopping converts)
  • a few healthy habits each day, and
  • at least one friend or family member.

If you’re fortunate enough to be a US resident, then booyah – all of these offers are available to you. Get ready to get paid my US financial freedom seeker friends.

Not in the US? It’s still worthwhile checking out which ones you can get access to.

Our favourite passive income earner

Honeygain is our favourite of these online money making apps because we know how much we pay for internet services (eye roll). We love the share economy and it’s genuinely awesome to get a little coin back for our unused bandwith each month.

If we’ve made you moolah with this great content piece about how to get some free money please share the love and sign up to Honeygain with our link right here.

Here’s our top 5 new and legit ways to make money online straight to your PayPal account:

  1. Share your internet bandwidth with Honeygain
  2. Get cashback for your weekly shop on Rakuten
  3. Buy online to earn free Dosh
  4. Shop, play and watch for cash with Inbox Dollars
  5. Free moolah for your healthy habits on Achievement app
  6. Get paid for data you give away with SavvyConnect

The great thing is, earnings from these 6 passive income ‘no brainers’ are validated by thousands of Trustpilot reviews. If you don’t believe us, you can just look it up.

How much can you earn in your first month?

To calculate what you can earn in your first month, we’ve made some realistic assumptions about your everyday habits.

All you need to do is:

  1. sign up to each service,
  2. refer one person (your other half or one friend),
  3. buy more than $400 worth of goods online in a month (covering a lot of items and brands, from everyday groceries to one-off buys) and
  4. take one survey a week (which most of us do anyway without getting paid for it).

Here’s our analysis of what you get.

AppSign up bonusRewardsSurveysReferrals (1 person)Totals
Honeygain$5$37NILFixed $5 + Recurring 10% = $8.7$50.70
Inbox dollars$5$0$10$4$19
Honeygain rewards based on 5 devices, 10GB daily, Content delivery for 12 hours a day; Rakuten rewards on a $300 shop per month, Dosh rewards on a $100 shop per month

The passive income, free money winners

1. Share your internet with Honeygain

Honeygain pays your to share your excess internet bandwidth in the background. The app uses your network not the storage device but it’s still probably only useful for folks on unlimited home internet plans. If that’s you, read on.

There is a great calculator on the Honeygain website that shows what you could earn with both the Default Network Sharing service and the Content Delivery service. The Default Network Sharing pays your per kilowatt of excess shared capacity. The Content Delivery service pays you for the number of hours your device is connected to the internet with Honeygain active. Both run together to compound your earnings.

HoneyGain is programmed to never use more than 10% of your bandwidth at any given time so theoretically shouldn’t slow anything down while you are surfing the net.

It’s only available on desktop devices for Mac users but there is an Android app for mobile.

You receive 6 credits for each hour your device is connected to the Honeygain servers. You earn more with more devices connected to different ISP addresses. Your payouts are either USD in PayPal or Bitcoin.

We received a $5 sign up bonus when we joined Honeygain. In addition, Honeygain offers a further $5 for each referral plus a recurring payment equal to 10% of that person’s Honeygain earnings. So share the love if you dig this article and use our link to get your moolah!

Honeygain pays you for your extra bandwidth

2. Get cashback for your weekly shop on Rakuten

Rakuten is possibly the greatest shopping rewards program online. It’s the best one we found anyway. Rakuten has partnered with some of the biggest brands on the planet like Nike, Macy’s Walmart, Target, Nordstrom, and Priceline. They offer cashback rewards for shopping that you would do anyway, through their app. Rewards can range from as little as 1% all the way up to 10% depending on the brand offer.

Impressively, Rakuten has recently introduced a browser extension on Chrome which makes using them super easy. You just shop online as you usually do through the Chrome browser and up pops the cash back percentage for every participating retailer as you Google stuff. The browser automatically applies coupon codes as you shop, so there is no need to manually enter anything at checkout.

It’s a super smooth rewards experience that pays actual dollars back to you for things you would buy anyway.

Rakuten pays a $10 welcome bonus for your first $25 spend. They also have the most generous referral program on our list – you get a crazy $30 per person referral and your friend gets $30 too.

3. Buy online to get free Dosh

Dosh is another shopping app that we thing is worth your while. They have a great $5 bonus when you sign up and offer up to 10% cashback on purchases for shopping, dining and travel. Dosh has partnered with the likes of Starbucks, H& M, Macy’s and Walgreens. There’s every chance you can use to to buy things you normally would anyway. The rewards are only for shopping with a credit or debit card and you need to link these to the app.

You also get a totally dope $10 each time someone you refer links their credit or debit card to Dosh. You can cash out rewards when you reach $25 and get that cash straight to your PayPal account. If you’re account is inactive for 12 months you’ll a $5 fee.

4. Shop, play and watch for cash with Inbox Dollars

Inbox Dollars rewards you for access to your online behaviour and by shopping with certain brands. They are partnered with big names like Netflix, Walmart and Target so it’s generally pretty easy to find ways to earn in the app. Inbox Dollars claims to have paid out $80 million in rewards paid out since 2000.

The app pays you to do certain ‘tasks’. There are 13 ways to earn rewards from shopping and reading emails, to playing games and watching videos. You get coupon cash rewards for groceries as well as cashback offers on top for every coupon redeemed. That’s a double money whammy.

Tasks generally pay $2 or less on average and surveys typically pay from 50 cents to $5.. You also get a $5 sign up bonus and 30% of equivalent earnings for anyone that signs up with the through your referral link as a recurring bonus.

Once again, to the dismay of our global readers, Inbox Dollars is limited to the US.

You can redeem your points for cash once you reach $30 via PayPal.

5. Get paid for data you give away free with SavvyConnect

SavvyConnect pays guaranteed monthly incentives up to $15 ($5 per device) for US residents They collect your internet usage data for behavioural research.

The payout criterion of one member per device means you need three people in the household to be active and connected to the app. You also need to meet the 7 days device usage per month per device minimum, something we expect is easy for most households. But if you can meet these criteria then that’s literally all you have to do to get $15 per month.

You can also boost earnings with referrals and request payment once you’ve reached $1 in referrals although unlike the others on this list, while PayPal appears to be coming currently payments are by check through the mail.

6. Free moolah for your heath habits on Achievement

Achievement app is compatible with both iOS and Android (US residents only) and pays you to understand your health habits like walking, running cycling, logging food, weighing yourself, meditating, and sleep tracking.

All you have to do is connect up other popular mostly health related apps to Achievement and you can earn points. Achievement collects data from these other apps so once you have linked everything you just go about your normal health regime. Or you can use the app as a motivator to be more active.

Points are slow to accumulate and this is the lowest earning app on our list, but it’s also the healthiest so we thought we’d include it. It’s a little bit of passive income that you earn for staying fit and healthy. Walking 20,000 steps a day earns you about $20 a year on the app, but it’s not the only point earning activity. If you’re really into fitness, health and meditation we think the app is worth it.

You can redeem your points for cash when you hit 10,000 points, which is worth $10USD. Money is paid to your PayPal account within 7 Days of redemption.

The real money with Achievement is made participating in ‘Achievement studies’ where you data contributes to ongoing research about specific issues. These Advanced Health surveys can pay between $60 and $200 per survey in addition to daily points.

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 passive income from property, double your money & pocket a 15% annual return

make passive income from property

If I said you could make an extra $9360 a year passive income from property with just $60,000 invested, would that get you to read this post?

It should, because you can.

And I know you can because we did. As first time property investors. We also doubled our initial investment while doing it.

In this post we’ll share how we created an a cool passive income stream and 15% annual return from our first investment property using just $60,000 of our own money. We’ll also share how we doubled that initial investment in just 12 months and reveal just how much our $60,000 initial investment will make us all up.

The wealth building potential of dual income property

This is the second article in our property investing series on the wealth building potential of dual income property.

To get the background you need for this post to make sense, check out our first post in the series which covers what a dual income property is. The second post explains how to buy the right dual income property.

For now, we’re going to assume that you’ve had a read through the series and already know why dual income property can be a great property investment strategy for financial freedom. We’re also going to assume you know what sort of dual income property we recommend investing in. As a quick recap, here is a photo of our dual income property taken from when we bought it in 2012. The property is a triplex, which means it is made up of three apartments on the one title.

make passive income from property

Why not all property investments are equal

Step 1 – buy the right dual income property

This is where it all starts with manufacturing capital gains making passive income with property – you need start out buying the right property. So what are you looking for exactly?

We started with by apply what we learned from Robert Kiyosaki’s Rich Dad education – An asset is something that puts money in your pocket.

A lot of property investors don’t realise this and so are actually buying liabilities when they invest in property. Liabilities take money out of your pocket. This is also where a lot of people fail at property investing – they buy, then find out they don’t have the cashflow to hold the property and have to sell. Sometimes for a loss.

So we knew we were looking for a property that could produce enough income to cover its holding costs and put a little money in our pocket. If you’re read part 1 in our dual income property series, you’ll know to end up with money in your pocket each month you need a rental yield of around 10%.

That knowledge led us to to start looking at dual income property because of the multiple rental income streams.

How to make passive income from property using a dual income property strategy

As we were looking at dual income property we found that most were advertised with a gross rental yield of around 6%, which was not enough to put money in our pocket after holding costs. So we had to improvise. We needed to find a way to increase the rent of any property we invested in, for as little outlay as possible. Here’s what we started looking for:

  1. A dual income property with apartments or units that are rented at below market rates. This means becoming familiar with the rent prices for similar types of properties in the local area.
  2. Apartments that were tenanted with upcoming lease end dates if possible. We’ll reveal the reason for this later.
  3. A structurally sound building with cosmetic renovation potential.

Our triplex investment

Our triplex has two x 2 bedrooms apartments and one x 1 bedroom apartment. At the time we purchased it, two of the units were rented with one approaching its lease end date in 3 months. The third had just come out of a rental lease and was vacant. The rents were:

  • Unit 2 – 2 bedroom 1 bath 1 car – $190/week
  • Unit 3 – 1 bedroom 1 bath 1 car – $160/w
  • Unit 1 – 2 bedroom 1 bath 1 car – vacant but was rented for $190/w

Total rent – $540 per week.

So we went onto the local property rental app and researched exactly what similar properties (but more up to date) were renting for.

We found that similar 2 bed 1 bath 1 car walk up apartments were renting for $240 per week.

1 bed 1 bath 1 car apartments ranged from $180 – $210 per week.

Based on this, we knew that if all of the apartments were modernised we could achieve a weekly rent of at least $690 per week. $150 per week better than what the current owner was getting. We also knew that vacancy rates in the area were tight, hovering at around 1%. Given anything below 3% means that rental demand is higher than supply, we were confident of being able to raise rents further in the near future.

So, Box 1 and 2 ticked and high fives all round…

The triplex we ended up buying was also structurally sound with PLENTY of renovation potential. The brick footings, walls and timber framing was all as solid as a rock but each of the units were like time capsules back to the 1970s.

Box 3 – ticked also..

Here are some photos and yes, this is really what the units looked like in 2012!

Step 2 – use other peoples money

We had a promising property on our hands so the next step was to make sure that we invested in the asset in a way that would allow us to pull off our passive income and capital gains plans.

The property was listed for sale at $438,000. We had roughly $140,000 in the bank and knew we needed some of that money to renovate. We also wanted some of our savings to stretch to a deposit on a home to live in.

We needed to make our cash go as far as we could. So we offered $400,000 and applied for a bank loan on that basis, with a 90% loan to value ratio (LVR). This meant we were required to put in $40,000 plus the buying costs of around $14,000 (thanks to stamp duty – or property taxes for non-Aussies).

Our offer was accepted so we invested $54,000 of our own money into the initial purchase. This left us with cash of around $40,000 to renovate and a $45,000 deposit on a home.

Step 4 – vacate and renovate one apartment at a time

The lease arrangements on a dual income property are critical when you’re buying. Existing leases provide proof of rental income for the bank, which is good for your loan application. But the timing of leases is especially important if you know you’re going to renovate the apartments. This is because renovations take time and you still need to cashflow the property (make your loan payments) while you do those renovations.

The rental agreements in place across our triplex were ideal as we could renovate Unit 1 immediately and still have the rent from Units 2 and 3 ($350 per week) to help pay the $360,000 mortgage we had just taken on. The lease on Unit 2 was due to expire within 6 weeks of us owning the property, which meant we could renovate the two 2 bedroom units back to back.

Multiple rental income streams provide one of the biggest benefits of investing in dual income property – income diversity. This helps you manage investment asset risk overtime.

The rent we were getting was not enough to cover all of the property’s holding costs, so make sure you budget some holding costs out of your own pocket over the period of the renovation. You should also factor in a reasonable time to advertise and rent out the newly renovated apartment. We allowed 10 weeks for in total for two back to back unit renovations and listing of both. This was a short and ambitious timeframe, but the builder was fine working with us to this schedule.

Our Triplex renovation

We started the renovation of Unit 1 immediately after the property settled. We had negotiated access to the empty unit during the purchase period to get builders quotes and signed a contract with the builder who was available and reasonably priced.

The most critical part of the renovation piece? Not to over capitalise.

We could have gone nuts with the renovations on these apartments given they were straight out of the 80s. But we didn’t. The target market research that we did was critical here. Our target tenant was a new renter or young couple, looking for affordable but modern accommodation. We’d also looked at what similar rental properties were offering to achieve the target rent we wanted for each unit.

What we didn’t spend our money on was just as important as what we did.

We didn’t install aircons, dishwashers, new built in wardrobes, high end fittings or a high end kitchen. We went for a functional but affordable kitchen and a paint and repair on existing wardrobes. We spent most of our renovation budget on a solid, long lasting bathroom and on bringing up a ‘hero piece’ in each of the units that would get renters to rent the place. In this case, it was the polished timber floors that we found under the disgusting 40 year old carpet…

Here are some before and after shots for your viewing pleasure 🙂

Bathroom before and after

The one bedroom unit before and after…

One of the 2 bedroom units before and after

The renovations cost $20,000 per unit with around half of that being spent on gutting and installing new bathrooms. We also moved some walls in the 1 bed unit to improve the design by providing a more open living dining space and access to the bathroom from the living instead of through the bedroom.

Step 5 – re-list each apartment with new photos and higher rent

The renovations of units 1 and 2 were completed within 8 weeks. We then had the real estate agent take new photos and re-list the properties. They took around 3 weeks to rent. As we expected, the market had moved a little since we put the triplex under contract. We rented both units out for $245/week. We were able to increase the rent further to $255 per week within 12 months.

The one bedroom unit was not renovated until the lease ended – which was around 10 month later. We achieved a rent of $220 per week for that unit.

Our $9360 a year passive income stream

By renovating each apartment our total rental income went from $540/w to $720 per week. So within 3 months we had created a $180 per week passive income stream from the renovation. Annualised, we made an extra $9360 passive income from property with this strategy. Thats an annual Return on Investment of 15.6%.

If you consider the upgrades we did have use life of 15 years for the kitchen and probably 20 for the bathroom that’s a payoff of $140,000 on a $60,000 investment over that period.

And that’s only half the story.

How we doubled our initial investment

The other equally important aim for this, our first asset investment, was to be able to leverage it into other assets. That’s why we chose a dual income property. It helps with future loan servicing requirements of banks because of the cashflow. Value creation strategies like renovating can also increase the value of the property allowing you to take out equity for future investments.

After renting the property out for 12 months we had it revalued by the bank. The valuation came in at $520,000, which meant we had created $120,000 in equity from the renovations. In addition to the extra passive income we had doubled our initial investment of $60,000.

Our total capital gains and passive income profit on the $60,000 we spent? Somewhere in the vicinity of $200,000.

The final word – passive income takes work (at the start)

As is true of all passive income, this investment took work. It took time and research to find the right property and plan the right kind of renovation.

It also took financial literary – particularly in how to invest in good real estate assets. We got that literacy through a Rich Dad education and you can too – it literally costs just a buck to start!

It took sweat equity – we did all of the painting and installed the blinds and some of the fittings ourselves, spending holiday leave from our wage-earning jobs hard at work

It took risk too. But as we’ve explained, we calculated and took steps to manage that risk.

To us, the pay off for all of that hard work has been and continues to be worth it. You see, the story doesn’t end here and neither does our profit. In part 3 of this series we’re going to explain how we were able to double down on the capital gains from this one property.

For now, I hope you got value from this post where we step out, in a way that you can replicate, just how we made $9360 extra passive income from property within 3 months and turned $60,000 into a $200,000 profit.

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

Oh, and by the way we did get that home with our $45k 🙂 More about that later… please give us a like if you want more content like this!

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!

Investing in cryptocurrency – how much we made in one week with Celsius Wallet

Celsius crypto review
Celsius crypto

We’re going to share how we go and get ourselves some free money each week using the DeFi crypto app called Celsius. We’ll review the app – it’s features and safety and what we learned (and how much moolah we made) in the past week using the Celsius Wallet to earn passive income from cryptocurrency.

This is part 4 in our series DeFi: the new financial frontier where we explore DeFi crypto and the new rules of making passive money online. We’ll post links to Part 1 to 3 of our DeFi series at the bottom of this post.

What is Celsius wallet?

Celsius is a DeFi crypto platform that provides personal financial services – like banks do – but instead for investing in cryptocurrency. The company, headquartered in London, focuses on the financial services they say the big banks have forgotten about – fair interest rates, zero fees and fast transactions. Celsius have existed since 2017 but their service offerings have exploded over the last 12 months as more people enter the decentralised finance market to find banking alternatives to earn interest on their hard earned savings. The Celsius platform is now available to users in more than 100 countries around the world includ.ing Australia, UK, Canada – all the usual suspects

Celsius operates mainly through Celsius app, which is available for iOS and Android and is where you can access their financial services. Although it’s not strictly a crypto wallet, the app acts like a crypto wallet is some of its functions and features. We downloaded the Celsius app a week ago and started to use their services.

What can you use Celsius wallet for?

Earn interest on DeFi crypto and Stablecoins

This is the main reason we decided to give Celsius wallet a go. Frankly, we’re tired of earning zero percent interest on money in the bank. Low interest and growing inflation are a feature of the new money game in a post pandemic era. They’re also a big part of why financial freedom seekers need to get educated about the new rules of money and pivot with their financial independence strategies.

We transferred some crypto into the Celsius Wallet from other cryptocurrency exchanges a week ago. Here’s what we learned about earning interest on our crypto using Celsius Wallet:

Interest rates. Over the week we earned interest rates of between 5% and 13% across a number of different coins. Celsius calculates your interest earned every Friday and total interest earnings are updated each Monday. Every Monday, they also send you an email with the new rates that they are offering that week. That is another thing to know about DeFi lending products like the Celsius one; the interest you earn changes with the forces of supply and demand for that particular coin in the market (as well as some other factors). A free market for money lending not controlled by central bank dictated interest rates! What a novel idea.

Crypto coins and tokens – higher interest higher risk. At present Celsius wallet supports over 40 coins and tokens in their lending (interest) service. We earned rates as high as 14% during the week. We only lent crypto that we own with zero dollars in – which means that we bought the crypto previously, the price went up and then we sold a portion and took our initial investment out. This is part of our strategy to manage the risks of crypto price volatility. It effectively means we are earning interest of between 5% and 14% with zero risk.

Stablecoins – high interest, lower risk. The other thing that we lend on Celsius is stablecoins. We received an 8.8% APY on two different stablecoins – USDT and USDC. Earning interest on stablecoins is the lowest risk product on Celsius. This is because the price is not subject to the large fluctuations that other crypto can experience. You can learn more about stablecoin earnings here. There are no minimum deposits for Celsius, which is also a great feature if you want to test it out or teach your kids about crypto and financial freedom. We diversify our stablecoin lending across a few different stablecoins as another a risk management strategy.

Celsius price
CEL is the ticker for Celsius token. Hold CEL in your Celsius account to boost the interest rate you receive on Celsius app.

Flexible terms – get your coins out at any time. Now unlike DeFi crypto staking products that require you to lock your cryptocurrency into smart contracts or lending protocols for a nominated period, you can lend on Celsius with flexible terms. You simply follow the withdrawal process in the app, go through all of the in-built security features like 2FA and PIN code confirmation and enter the blockchain public key for the address you want to send your crypto to.

Like with any cryptocurrency transaction, you have to make sure the address is correct and you’re using the right blockchain network for the coin you want to transfer but this is pretty easy. For example, if we wanted to withdraw some ETH, we would log in to a crypto exchange like Binance or Coinspot, grab the correct deposit address generated from within that platform and copy and paste that address into the Celsius wallet withdrawal screen. Voila!

CEL token – The other thing to know about Celsius interest rates is how Celsius token works. Celsius has a token that they use to provide interest rate ‘boosts’ for ‘Celcians’ that use their service. The ticker is CEL and the token is traded on decentralised exchanges like UniSwap or on FTX. You can also buy CEL directly in the app but we don’t recommend this due to the fees charged by third party providers. You can opt to earn your interest in either CEL or in the currency you deposited. If you hold and earn in CEL you will receive a higher interest rate on your coins. The more CEL your hold as a percentage of your total holdings, the higher your earnings rate.

Celsius interest calculator. One of the best features of the app is their in-app interest calculator. You simply scroll to the coin you want to lend and put in how much of that coin you have. It then calculates your earnings over a week and a year.

Celsius interest calculator
Celsius in-app interest calculator


One thing about Celsius Wallet is that it currently offers one of the best rewards around for ETH or Ethereum. It’s not easy to find good flexible interest rates for ETH (where you can take your ETH out at any time) because staking ETH carries the condition that your coins are locked in the protocol until ETH version 2.0 is released. This could be in 2H 2021 but it might be also be later. If you have ETH, and don’t want to lock your coins in for an undefined timeframe, you can get 5-6% interest on Celsius.

If you want to get yourself on Celsius and would love some free Bitcoin, you can use our link and put in our referral code 1910143eb7 once you login in and set up your account. You can enter the code by going into your profile in the menu.

You get $40 worth of BTC for your first transfer of $400 in more. T&Cs apply but you basically just need to leave the $400 in there for 40 days.

How does Celsius crypto interest work?

We find that people are automatically suspicious of the higher interest rates that you can achieve in DeFi crypto. A lot of folks think that all DeFi is just Ponzi schemes. It’s always good when it comes to your finances to approach new products with a good deal of caution and scepticism. And crypto is a literal minefield of scams and fraud. That’s why we’re here to report back!

So let us explain how Celsius offers the interest rates they do. Under the Celsius business model their rewards (interest) are funded by their lending business. They lend the coins that users transfer into the app onto hedge funds, institutional traders and exchanges, as well as other corporate partners. These partners deposit up to 150% collateral (in crypto) to secure the Celsius loan and they pay Celsius interest on that loans. Celsius also lends US dollars directly to app users – with digital assets as collateral – and earns interest from those loans.

One risk in this model is very large movement (50% plus) in the underlying value of the coins used as collateral for Celsius on-lending. A large swing in the traded price of coins loaned by Celsius may initiate a margin call on the loan. If this happens, Celsius takes ownership of the collateral to secure its position (and yours!). The margin call process comes from traditional banking services but there is a different level of risk involved for borrowers because of price volatility in cryptocurrency.

A word of warning about borrowing crypto

Celsius also offers a borrowing product where you provide your own cryptocurrency as collateral to borrow either fiat currency (US dollars) or more crypto. You might ask – why you would borrow against your crypto? Well, its a form of leverage where you can continue to hold your crypto coins and have them move with market fluctuations but access value in them at the same time. You borrow coins to leverage your market return on those coins for example or put them to work somewhere in the DeFi system.

We don’t do this. We don’t use leverage when we’re investing in cryptocurrency because as we explained above we don’t want to be exposed to the risk of a margin call if there is a sharp drop in crypto markets while we sleep. This literally just happened in May 2021, and liquidated A LOT of leveraged positions across a number of large lending and borrowing protocols.

DeFi borrowing
Source: theblockcrypo.com
Is Celsius safe
Hodl security feature

None of this is financial advice dear readers – we’re just sharing our experiences. If you’re going to borrow or use leverage, that is up to you in the true ethos of crypto which is about managing your finances the way you want. It all depends on your risk appetite.

Is the Celsius Wallet secure?

The Celsius app has some great security features to protect your crypto. When you set up Celsius wallet you are required to set up an App Pin Code (like with your banking app) and provide your KYC or ‘Know Your Customer’ details. This includes name, address and ID document. Verification occurs within minutes and then you’re all ready to start earning, and borrowing.

BUT, before you do anything make sure you head into the menu and set up the additional security features for the App. This includes turning on their biometric security access if you use that feature on your mobile phone, setting up 2 factor authentication, and also setting up “Hodl mode’. Hodl in crypto language means ‘hold’ or stash your coins rather than trade or sell them. Hodl mode is an extra layer of security on withdrawals only. It prevents any withdrawals from your account without a separate PIN code. Remember to write everything down in a safe place peeps!

Celsius crypto interest
Our week 1 Celsius earnings

The final word

In our first week on Celsius Wallet we earned $19.90. That’s US dollars so around $25 Australian. Now it’s not enough to break the bank and make us rich, but all we did was download the app, set up the wallet and its security, and transfer some cryptocurrency and stablecoins in that we already had and was sitting around doing nothing. We also did it in a way that sought to manage risk.

It literally took about 10 minutes to set up a little low risk cryptocurrency passive income stream of $100 per month. And Celsius wallet isn’t the only crypto wallet we use while investing in cryptocurrency. Across our different accounts, the passive income that we earn adds up.

We diversify across coins and across cryptocurrency wallets to manage risk and find the best yields. It’s just like not having all your eggs in one basket. We also don’t go for any of the leverage cryptocurrency investing strategies and avoid strategies that might have a high exposure to impermanent loss.

Like we always say, the fat stacks are out there financial freedom seekers. You need to get educated. We hope we’ve helped you do that here today! If we have, please remember to use our links and codes – get yourself some free BTC and help out our blog too! 🙂

As always dear readers – this is not financial advice. Invest at your own risk and always do your due diligence.

DeFi series Part 1: The 2021 DeFi lowdown – time to pay attention peeps!

Part 2: The game of money is changing – so what is DeFi?

Part 3: How to invest in DeFi and earn double digit interest on your savings

Til next time, have fun, be happy, do good!

How to invest in DeFi and earn double digit interest on your savings

How to invest in DeFi

Part 3 of our series DeFi: the new financial frontier

In part 2 of our DeFi: the new financial frontier series we talk about how Blockchain technology is causing tectonics shifts in money systems with something called DeFi. As bank interest rates tank to record lows, company dividends take a hit and inflation climbs (see our inflation post here), financial freedom seekers and FIRE investors are falling on hard times. If financial freedom starts with saving more of your income, but your savings are going backwards, how do you get ahead? In this post, we talk about new opportunities to invest in DeFi crypto.

Lending with Decentralised Finance

We’ve already mentioned in our DeFI series that using Blockchain, anyone can lend their own money directly into DeFi crypto lending protocols and earn far better interest rates than the bank. This can all be done basically with a little bit of set up leg work and a few clicks of your mouse button. If you missed that post its important background for this one – you can find it here.

In this post, we’ll run through an example of how to make better than bank or term deposit interest on your fiat currecny, with DeFi.

We’re going to use a combination of the following resources so if you haven’t set these up yet that is a good place to start:

  1. An account somewhere you can buy Stablecoins and some Ethereum token – like a crypto exchange. We’ll use Binance.
  2. A web wallet to transfer your coins between the exchange and the lending protocol. We’ll use a browser extension wallet called Metamask but another is MyEthWallet. Actually there are tonnes of different wallets you can use – if you want to find the safest kind use a Hardware Wallet.
  3. A lending protocol. We’ll use Aave but others are Maker and Compound. You don’t need an account with them to lend money into their liquidity pool.

What interest rates can you get with DeFi?

The thing to know about DeFi crypto is interest rates fluctuate with market supply and demand. Shock horror I know. A world where banks don’t control interest rates, actual lending markets do!

We start on a DeFi crypto borrowing and lending platform called Aave. This example runs through a web based step by step, but there are a bunch of mobile based apps (wallets) that you can use pretty seamlessly to access an entire ecosystem of DeFi lending products. Its a whole new world of banking out there peeps! Here is a great resource if you want to earn interest on your crypto on the go with a list of the best mobile crypto wallets.

If you open Aave and click ‘deposit’ at the top of the screen you can find the lending and borrowing rates for different DeFi Stablecoins. If you’re not sure what Stablecoins are or how they are different to other crypto coins, take a look at part 1 of our DeFi series.

Now, not all of these are Stablecoins so the ones you are looking for are in red.

How to invest in DeFi
Aave lending protocol V2 interest rates

I currently have some Tether (USDT) which is a Stablecoin I bought with my Fiat money. It’s sitting in my Binance wallet. I’ve decided to lend that USDT on the Aave platform. Today’s interest rate is 5.22%. If you don’t own coins already, your first step will be to buy some on Binance and once you do it will appear in your Binance wallet.

The next step is to transfer the USDT from my Binance wallet to my MetaMask web wallet. Think of this step like taking fiat currency out of your bank account and putting it in your physical wallet so you can use that money.

If you’re using MetaMask for the first time, here’s a great article with some basic set up instructions for MetaMask wallet.

This is as easy as going into your Binance wallet, selecting the coin, then clicking transfer and entering in the amount you wish to transfer.

You then need to go into your web wallet and click and copy your MetaMask web wallet address for the Ethereum network. Once you have the address copied to clipboard, go back into the Binance transfer page and follow the prompts to paste in that address into the transfer screen. You then click transfer. Some verifications will happen and this all takes a few minutes.

I also need to transfer some Ethereum into my web wallet to pay the gas fees for using the Ethereum Blockchain. I use the same process to do this on Binance with same web wallet address from MetaMask but by selecting ETH instead of USDT as the coin I want to transfer.

Once you’ve completed the transfer you should see the coins in your Metamask wallet, but you may need to add the coin types to your MetaMask wallet first before they appear.

A word on ETH gas fees

As AAVE is built on the Ethereum blockchain, you need to use the Ethereum network and its token (ETH) to interact with AAVE. The ETH token acts as your ‘gas’ to use the Ethereum network. You’ll often see this referred to as ‘gas fees’.

One caveat in using DeFi crypto is that gas fees on the Ethereum network can be very, very high. The fees change with supply and demand and with transaction complexity. The fees work out to be exorbitant on small transactions, so economies of scale matter when you are moving Stablecoins around in order to lend them out or use them as collateral to borrow. If the gas fee is $225 (which it was when I went to use the Ethereum network this morning), then you need to move at least $7000 USD worth of USDT in order to recover the gas fees in your interest (transaction in and out of Aave) and stay ahead based on the lending rate for USDT in this example.

One way to get around the high Ethereum gas fees is to transact through the Matic network. This requires a slightly more advanced tech level. Matic acts as a sidechain to the Ethereum Bockchain. You will need to add the Matic network to your web wallet add funds to the Matic Layer 2 protocol to do this. Once you have the Matic sidechain set up and funded in your MetaMask web wallet, you then open the Matic Mainnet in your web wallet and connect your web wallet to Aave. The Aave integration should show that you’re in the Matic/Polygon sidechain.

There are a bunch of other ways and DeFi crypto products that help you to avoid ETH gas fees and we’ll go over these in other posts.

If you take a look on Aave using the Matic network you don’t have the same range of Stablecoins open for deposit or the same interest rates as you do using the Ethereum network. Fees are lower using Matic, but so are interest rates. So Matic is better if you’re lending smaller amounts but Ethereum pays off if your lending larger amounts.

How to invest in DeFi
Matic Polygon sidechain version of Aave lending protocol

DeFi crypto is still early days

Here we come across the catch with DeFi. Its nascent, so the actual use of the DeFi system isn’t quite living up the decentralised finance ethos because of the fees involved sometimes on the Ethereum network. Developers are working on computational ways of reducing fees and only once this happens will DeFi become practical for many smaller users. It can also be tricky to navigate at first and integrations between exchanges, wallets and protocols can be a bit buggy. The risks are also wildly larger than operating in the fiat money system. Be warned that this is speculative investment.

Depositing into Aave Liquidity Pool

After moving the USDT and ETH to my web wallet, I have to connect my web wallet to the Aave protocol. This is a simple click at the top right corner and a process of following their prompts.

How to invest in DeFi
Connect your wallet to the Aave lending protocol

Once connected I can transfer the USDT in my web wallet to the Aave lending pool by hitting ‘deposit’ at the top of the screen. This will take you to your web wallet interface so you can select the coin and transfer amount. Before I confirm the transaction, Aave shows me the gas fees involved.

The final word – higher interest is just a few clicks away

So now, my savings have gone from fiat, to USDT and have been deposited into the Aave lending pool. I’m now earning the market rate, which today you can see is 5.22%, but tomorrow could be different. You can still make money in your sleep if you’re prepared to risk more and lend larger amounts into these DeFi liquidity pools. Be sure to manage your risks as we mention here. Also, test the tech first with small amounts. Aave is a well known platform with over $18B USD equivalent in its Liquidity Protocol and the likes of Mark Cuban lending through it. But don’t put all your eggs in one basket because true to the Blockchain ethos, it’s a non-custodial protocol and that means if things go to custard, there is no protection for you.

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

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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