Can you be a millionaire from Airbnb?

I make over $600,000 in revenue each month from Airbnb. Here's how I used rental arbitrage to become a multimillionaire. Chris Choi has over 100 listings on Airbnb and is projected to make $10 million in revenue by the end of 2022 .

What type of Airbnb is most profitable?

Entire homes/apartments : Renting out an entire home or apartment on Airbnb can be one of the most profitable options, as it allows for more privacy and flexibility for guests. This option may work well for hosts who have a spare property or travel frequently and want to rent out their home while they are away.

Is starting an Airbnb hard?

Well, it may not be as easy as you think. Airbnb hosting takes a lot of hard work — and homework and prep work and … you get the picture. It takes work. What you put into it affects what you get out of it, so if you want to be successful, you've got to put in some literal and figurative elbow grease.

How much money do you need to start an Airbnb business?

An Airbnb costs, on average, $6k to start — assuming you already own the property. Putting everything together, Airbnb costs include: Cleaning and maintenance (e.g., supplies, cleaner fees) Amenities (e.g., purchasing workspace items)

What makes an Airbnb listing stand out?

Successful hosts focus on the areas unique to their niche and that set their property apart . Travelers choose vacation rentals over hotels for specific reasons, including access to a kitchen, extra space, and privacy. Smart hosts focus on those areas. A well-equipped kitchen separates you from any competition.

Can I make money on Airbnb without owning property?

According to leading vacation rental software iGMS, “Airbnb business owners can make close to $100,000 per year, if not more, without owning any properties.” Below, learn about ways to make money through Airbnb without owning a home — or without owning any property at all.

How do I work with Airbnb without owning property?

Sublease an Airbnb . As noted above, if your landlord and the law allows, you can always lease a place long-term and then re-list it on Airbnb for short-term stays. Also known as rental arbitrage, this lets you get into hosting without needing the cash to own property, just the cost of a security deposit.

Can you make 6 figures off of Airbnb?

I've been consistently making a 6 figure salary using Airbnb. The business model that I teach at Passive Airbnb is a simple one. It's called Airbnb Rental Arbitrage. Have you heard of it?

Starting an Airbnb (That’s Highly Bookable) (2024)

Starting an Airbnb? Getting ready to list your Airbnb for the first time? You probably have a million questions! Wouldn’t it be nice to have a host friend in the industry by your side step-by-step? Now you can with the Airbnb Ambassador program!

You’ve put your heart and soul into your Airbnb, and now it’s time to list. You’ll want to stand out in your local market, so let’s make sure your listing is the best it can be! I am an Airbnb Ambassador, which means I’ve been hand-selected by Airbnb as an industry expert. I can mentor you for free, and Airbnb pays me when you successfully host. Here are a few tips to ensure that you will be a great host with 5-Star ratings!

Tip 1: Keep itPersonal

Building a relationship with guests (before, after, and during their stay) is the best way to ensure a positive guest experience and a long-lasting good impression after your guests check out. Check your guest’s profile on Airbnb for reviews to gain a better understanding of what they are looking for and what impresses them. Fix problems as they arise and you can be confident of receiving great reviews. It’s usually a combination of lack of communication and a poor experience that results in a 2.0 or 3.0 review.

Tip 2: Send a Friendly Hello

Within an hour of a guest booking, send a message that thanks them for booking and that you are looking forward to their stay. The day before guests arrives send a message with clear check-In instructions when guests confirm their booking and link your Airbnb self-check-in guide. Have a printed Guest Welcome Book when they arrive, recommending local restaurants, activities, and attractions.

Tip 3: Be Welcoming

Provide a welcome basket, welcome card, or a small gift for your guests and place it somewhere highly visible. You don’t have to spend much with a welcome package that dips into your revenue, but a small token of appreciation will go a long way. A bespoke postcard with a message on the back will give a warm and personal welcome. Here is a link to mywelcome card templates!

Tip 4: Always Follow-Up

Some guests won’t want to bother the host with little things, so be approachable and open the conversation a few times during their stay. For guests staying longer than a few days, check-in again on a regular basis to help make sure everything is going well. If anything needs fixing you can fix it right away, rather than waiting until the end of their stay which may affect the rating you will get.On the morning of check-out, send your guests a thank-you message and offer a later check-out if you are able to. You can set up all of these messages in the Airbnb App so you don’t need to compose them each time- I’ll show you how and give you my own message templates you can use to save time 🙂

Starting an Airbnb (That’s Highly Bookable) (3)

Use an Airbnb Ambassador

I’ve worked with over 6K hosts as an Airbnb Ambassador and I’d love to help make yours a one-of-a-kind destination! Your listing will be curated by me personally, a designer, Social Media Marketer, Airbnb Ambassador, Superhost, and the blogger behind MammaMode which ranks in the top #5 of Airbnb blogs worldwide. Airbnb compensates my time, so it’s 100% free for you!

By using an Airbnb Ambassador, you’ll be one step ahead and i’ll make sure that you:

Ask Me Anything

As you Ambassador, I’ll be here to answer all your questions from starting your listing to hosting your first guests! Honestly, ask me a million serious or silly questions as you prepare to host. I am always just a chat message away!No matter where you live in the world, I’s love to help. I’ve helped hosts from all around the world from the USA and Canada to Europe, Australia, and India!

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Optimized Listing

I’ll make sure your listing stands out in your market! Your listing description will be vivid and highly bookable and profitable! I’ll do a full audit of your listing and your photos before you go live. You’ll be starting an Airbnb with confidence.

Hosting Resources

I have a successful Etsy shop for hosts and I always share a hosting package with templates to those I am mentoring! I’ll give you useful and beautifully branded templates and resources to help you EVERY step of the way! You’ll have everything you need to impress your guests and succeed

Let’s do this together! Use my link to get started and you’ll get a $52 bonus from Airbnb when you host your first guests!

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