How To Start Making Money With Airbnb: How do you go from working long hours in government and hairdressing to building a property portfolio that’s on track for £50,000 a month? In a recent video, I highlight the story of James and Lisa, a power couple who transformed their lives through property investing.
Part of James and Lisa success is their use of the serviced accommodation strategy. This involves renting property out on Airbnb for short-stay lets.
With traditional buy-to-lets becoming less profitable in recent years, serviced accommodation is becoming more and more popular. In the video, James and Lisa explain how to start making money with Airbnb.
If you are thinking about turning your properties into serviced accommodation, I highly recommend watching the full video until the end. You can find the video at the top of the page, or on my YouTube channel.
As Airbnb becomes a more popular choice for property investors, many people are looking for information to help them get going in the business. In this article, I will give you 3 simple tips for how to start making money with Airbnb. By the end of this article, you will know exactly what makes an Airbnb business profitable!
I am on a mission to get property education into the hands of the British public. However, I need your help to do it! Please consider sharing this article on social media. With your help, we can make sure everyone has a chance to profit from property, not just the rich!
1. How To Start Making Money With Airbnb: Buy Property Or Use The Rent To Serviced Accommodation Strategy!
The first step is to find a property. This could be a property you already own, or one you purchase for the purpose. Serviced accommodation is a growing trend among landlords, because of increased regulation and decreasing profits in traditional buy-to-lets.
If you don’t own property and don’t have the money to buy one right now, there is another option. This is known as rent to serviced accommodation. Rent to serviced accommodation is where you rent a property from a landlord and, with their permission, then offer the property to guests on Airbnb.
2. How To Start Making Money With Airbnb: Creating A “Home From Home” Experience In A Serviced Accommodation Unit!
There is a lot of competition when it comes to Airbnb rentals, so it is important to stand out from the crowd. In the video, James and Lisa speak about the importance of creating a “home from home” experience for guests.
The benefit of booking a serviced accommodation unit over a hotel, is it offers the comforts of home. Make sure everything is in place for your guests, and the house is well stocked with all the essentials!
3. How To Start Making Money With Airbnb: Plan For The Unexpected!
With guests coming and going, things will sometimes go wrong. Be ready to fix problems as they happen, and make sure you have money set aside for any unexpected costs.
James and Lisa spoke about a guest accidentally breaking the washing machine, for example. Luckily, they planned ahead and were able to act fast to put things right again! Being prepared is the difference between being profitable and losing money in the serviced accommodation business!
How To Start Making Money With Airbnb: Get Property Training!
So now you know how to start making money with Airbnb, it’s time to get some property training! Join me at my next introductory online training event!
We have different online trainings throughout the year, each teaching different things. Here is a sample of what you could learn on one of our online introductory webinars:
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The SECRETS to becoming a successful property investor
Get immediate and actionable insights to accelerate your property investment journey.
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How to LEVERAGE other people's money to get started
Begin to understand the strategies to use to reduce the barriers to getting started.
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How to FIND fantastic property opportunities
Understand where property professionals source the best deals.
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How to RECYCLE your money again and again
Don't just do it once, repeat the process to build your property portfolio.
Property investing is not just for the rich! Learn the strategies that thousands of people have used to not only start investing, but become financially free! Tickets are free, so book your property training webinar now. If you are ready to take action, I hope to see you very soon!
