Are you thinking about getting into the crazy world of Airbnb hosting but don’t know where to start? Well, look no further! Whether you’re on a budget or just looking for creative ways to maximize your income as an Airbnb host, I’m going to show you 5 simple and (relatively) affordable options that will get you well on your way without spending hundreds of thousands of dollars. By diving into just one of these options, you’ll be reaping the financial rewards of Airbnb hosting in no time. So pour yourself a cup of coffee, roll up your sleeves and let’s dive right in!

Become an Airbnb Co-host

First of all, what is a co-host? An Airbnb co-host is someone who works alongside a current Airbnb host to manage their listings. This could range from taking care of daily operations such as cleaning, scheduling guests, or providing customer service support.

If you’re already working in a related industry such as hospitality, this can be a great way to dip your toe into the water without fully committing to becoming a full-time Airbnb host. You’ll have the security of your job, while also getting to experience and learn firsthand what it’s like to manage an Airbnb listing.

Do you know anyone hosting on Airbnb? Reach out to them and ask if they have advice for how you can become a co-host. They might say “I would love some help!” or they might give you ideas for people they know. A referral is the easiest way to get your foot in the door for every industry right?

If you don’t know anyone currently hosting who’s looking for some extra help open the Airbnb app and start messaging hosts that have good reviews.

Create an Airbnb Listing for your Spare bedroom

If you’ve got an extra room lying around, why not rent it out on Airbnb? This can be as simple as setting up a room in your home and creating the listing.

Not only is this one of the most affordable ways to start hosting on Airbnb, but it’s also relatively low-risk. You’re not investing any extra money into property purchases or remodeling projects (unless you want to) but rather just using the space you already have.

This is how I got into Airbnb and it was a pretty great experience. You can read more details about that over here.

Try Experience hosting

Experience hosting is an awesome way to make money on Airbnb and it doesn’t require any extra investment. All you need is a unique skill or passion that you can share with guests. Think about what makes your city unique and consider the experiences that you could offer. Maybe you’re a master chef and want to give private cooking classes or maybe you love to hike and want to take guests on a local adventure.

This is a great option for people who are creative, outgoing, and have a passion for teaching others. You get to share your knowledge with the world, while also making some extra cash on the side.

Set up a Glamping Listing

Glamping (aka glamorous camping) is becoming increasingly popular. People really love getting a camping experience (getting away from the hustle of daily life) but without the mess and chores of setting up a camping trip. Let me ask you this: have you ever slept in a Yurt or a dome tent? If you’re instantly curious I assure you you are not alone. Glamping Airbnb listings are amongst the most profitable with the lowest potential investment.

Do you have a large yard, or know anyone with a big property? If you do you might be able to set up a glamping site without having to purchase any real estate! Fancy tents are expensive for a tent but when you think about the cost in comparison with a house or starting a new business it’s a fraction of the cost.

Subleasing or Arbitrage

What is real Airbnb Arbitrage? I’ve written at greater length about general real estate terminology over here. In general, just think about it as renting a house or apartment and listing it on Airbnb.

This can be a great way to start hosting on Airbnb without having to own any real estate or invest extra money. You will definitely want to be open and honest with the person you are renting from, and run the numbers to make sure you’ll be profitable.

In conclusion

In conclusion, becoming an Airbnb host is a great way to make extra money while also getting to experience the hospitality industry first-hand. There are many different ways to get started as a host and each option has its own advantages and disadvantages. By doing your research, reaching out to experienced hosts, and starting small you can find the best way to become a successful Airbnb host. Good luck!