Airbnb Startup Guide: How to Make Money with Airbnb and Short Term Rental Investing
I was failing financially. I was in a dead-end customer service job and owned a failing laundromat. I needed a quick way to get out of debt and become financially free. I took a stab at renting my apartment out on weekends when I was out of town using Airbnb - and it paid off.When I first started renting via Airbnb, I really had no idea what I was doing. I was just trying to make a quick buck. I made an account and listed my apartment with nothing but a few photos. That first year, I managed to make about $9,000 but felt it could make more if I did something right.
I quickly changed my strategy. I needed to approach this whole Airbnb thing like a true business. I took a look from the inside out and tried to make it the best business that I could. I adapted new strategies, brushed up my listing, and the rest is history! The next year, my bookings and sales nearly doubled. Now, as it's not even my full-time job and I only rent at specific times, my Airbnb side income brings me in over $50,000 per year.
With the right approach, you can turn your space into a hosting platform that easily accommodates people from all walks of life and cultural backgrounds. Guests can step into your home and stay for as long as they want without feeling homesick.
Everything I learned since 2013 about Airbnb I share with you in my book Airbnb Startup Guide - Building Wealth with Airbnb You will learn from my years of experience as I show you how to start, run, and grow a business with Airbnb and short term property rentals. Don't worry, in most cases, you don't even have to own a house!
You will learn all about these topics:
My Personal Journey to Growing a Successful Airbnb Business
Airbnb Terminology Worth KnowingAn Overview of AirbnbUnderstanding the Advantages of AirbnbUnderstanding the Disadvantages of AirbnbDiscrepancies in Property DescriptionsThe Effect of Covid-19 on Airbnb's Cancellation PolicyFirst Step to Becoming an Airbnb HostHow to Create a Striking, Long-Lasting Impression with Your ListingsFamiliarize Yourself with the Local LawsPricing AdviceHow to Create a Cancellation PolicyHow to Become More as An Airbnb Super HostCreating a Great Listing on AirbnbThe 7 Available Property TypesAirbnb Tiers such as Airbnb Plus and Beyond by AirbnbInvesting in a PropertyHow to Pinpoint the Ideal Cities that Promote AirbnbConducting a Comparative Market Analysis (CMA)Opt