How To Airbnb Without Owning A House
BY MIKEL HUBBARD
FORMER HGTV PRODUCER | CO-FOUNDER, THE HOST CO |
OWNER, TIMES EIGHT PROPERTY & DESIGN
Do you find yourself saying “I want to get into Airbnb hosting, but I don’t really have the money to buy another house”? We don’t blame you, buying a house isn’t easy. But don’t worry, you're in luck, there are many ways you can list on Airbnb without owning a house! Here are our favorite strategies around listing on Airbnb without owning your home:
One way to get into Airbnb hosting without buying a property is by using your current home. If you have an extra room or even just some space in your backyard, you can list it on Airbnb and start making money. This is a great option for people who want to host but don't want to move or give up their current living situation. You can also use this method if you live in a city and don't want to deal with the hassle of having guests come and go from another location.
Another way to get into Airbnb hosting without buying a property is by using a vacation rental. There are lots of companies out there that will help you set up this type of listing, and it's a great option if you're not sure you want to commit to hosting long-term guests. With a vacation rental, you'll have more control over who comes and goes from your property, and you won't have to worry about any of the day-to-day logistics that come with hosting.
Lastly, if you're really serious about getting into Airbnb hosting and don't want to purchase a property right away, you can always rent one. This is a great option for people who are still on the fence about whether or not they want to host long-term guests. By renting a property, you'll be able to test out the waters and see if this is something that's right for you. Warning! When you are doing this be sure to read your contract about subleasing as well as short-term rentals, many landlords or rental companies do not allow this.
No matter which of these methods you choose, remember that Airbnb hosting can be a great way to make some extra money. If you're willing to put in the work and are excited about welcoming new people into your home, then you should definitely consider giving this a try! Despite these potential drawbacks, there are plenty of reasons why you might want to consider Airbnb hosting even if you don't own your home. Perhaps you're traveling for an extended period of time and would like to make some extra money while you're away. Maybe you're a student who wants to make some extra cash during the summer. Or maybe you just need a little extra income to help cover your monthly bills.
Now that you know that there are plenty of ways to make it work without owning a house, there are some things to definitely think about prior to taking the leap!
If you are already an Airbnb host, click here to start your free store to sell products and services to your Airbnb guests!