How to Start an Airbnb with no Money - Whome Property Management (2024)

Want to learn how to start an Airbnb with no money? The truth of the matter is that this is actually a lot easier than it may seem. Below, we are going to break down how anybody can make money on this platform with little-to-no investment required.

For starters, it’s important that you know that many people who are currently making money off Airbnb don’t actually own property. Of course, it is still a lot easier to maximize your potential for profit if you already have the extra vacant space sitting around.

Airbnb Isn’t Just For Property Owners

One of the most common misconceptions on the platform is that you need to own property in order to make money on Airbnb. In reality, this couldn’t be further from the truth. Many people on this platform have discovered Airbnb property management software and various other strategies for making money on the platform without owning property. However, of course, owning property is the best way to ensure your potential for profit.

The Airbnb Platform is Much More than it May Seem

Many people who use Airbnb are not even actually on the platform because they are property owners. As we just mentioned, some of the most experienced people making money off of the platform don’t even actually own any property at all. On this page, we will break down ways that both property owners and those who don’t own property can make money on Airbnb without money to invest.

5 Ways to Start an Airbnb With No Money

As mentioned, there are many ways for both property owners and non-property owners to open an Airbnb account and start making money. Now that we have covered some basic information on the platform, let’s go ahead and start looking at precise ideas as to how you can make money on Airbnb with no money.

1. Becoming a Property Manager

Property managers are some of the highest-earning people on the Airbnb platform. Although many property managers own property themselves, this isn’t required. Property managers typically have a website that attracts property owners looking to save time on the tedious tasks that are required.

Locally-based Airbnb property management companies like Whome in Portugal really stand out as great examples of this service. These sorts of companies handle all tedious tasks such as maintenance, helping you set income goals, cleaning, concierge and key service, and much more.

2. Using Your Own Vacant Property

Do you have a vacant property that you want to rent out on Airbnb? Then you are already way ahead of the ball game! With vacant property, all you need to do is create a profile and start marketing away.

Of course, this can be a lot easier than it sounds with Airbnb tools. If you want to start renting out your vacant property without investing any money, simply clean up the area, take nice pictures, plan out the Airbnb host checklist and get your listing up on Airbnb.

3. Take Initiative on Open Rentals in your Area

Next time you are driving around your neighborhood and notice that there are open rental signs posted, think of this as a business opportunity. You can also make a little bit of money with rentals like this.

Simply approach the owner of the property and ask them if they are interested in listing the property on Airbnb. Odds are likely that they might be, but simply not willing to invest the extra time. It is possible that you can start an Airbnb with no money in this fashion and start getting some extra income.

4. Become an Affiliate

Airbnb has an affiliate program which offers money to people who bring others on to the platform. Refer your friends and family over to Airbnb and help make an account and their first booking. If they pass the word that you were the one who brought them to the platform, you get a nice commission in return.

Many affiliates that make money in this program will send out a personalized affiliate link to a large audience of people. This can be done safely and legally by having your own following, for example. Just don’t be the person who spams your link on social media!

5. Offer Airbnb Experiences

Airbnb Experiences is perhaps the easiest way to start an Airbnb account without money and soon start racking in profit. Airbnb experiences are local premium tours and experiences that are done in cities around the world.

Want to earn money with your property on Airbnb?

As we have explored on this page, anyone can easily learn how to start an Airbnb with no money. The biggest hurdle is either owning property or be willing to work for others who do own property. If you have property, it is generally a lot easier to make money on the platform.

If you currently own property and are hoping to make money on Airbnb without endlessly investing tons of more cash into the property, getting an Airbnb property manager is generally the best idea. Whome, for example, offers full management services for only a fraction of the money that you receive from the property.

Certainly! This article delves into starting an Airbnb business without significant initial investment, offering various strategies applicable to both property owners and those without property. Let's break down the concepts:

Airbnb without Property Ownership: Contrary to popular belief, property ownership isn't a strict prerequisite for profiting from Airbnb. Many successful individuals on the platform leverage strategies like property management software and alternative approaches, not relying on property ownership as their primary means of income.
Maximizing Profit Potential with Property Ownership: While not mandatory, owning property streamlines the process and enhances profit potential. Having an available space significantly simplifies the entry into the Airbnb business.
Diverse Avenues to Make Money on Airbnb:
- Property Management: Property managers are among the highest earners on Airbnb. While many manage their own properties, this isn't obligatory. Services like Whome in Portugal exemplify this model, handling various tasks for property owners, regardless of ownership.
- Utilizing Vacant Property: If you possess vacant property, creating an appealing profile, using Airbnb tools, and marketing effectively can initiate your Airbnb venture without substantial initial investment.
- Open Rentals as Business Opportunities: Identifying open rental properties in your area presents a chance to propose listing them on Airbnb. By partnering with property owners and managing the listings, you can earn without direct property ownership.
- Affiliate Program: Airbnb's affiliate program rewards individuals who refer others to the platform. By sharing personalized referral links responsibly, you can earn commissions by introducing new users to Airbnb.
- Offering Airbnb Experiences: Airbnb Experiences involve providing unique local tours or activities. Creating and marketing such experiences in your area can kickstart your Airbnb account without significant initial capital.
Making Money with Property on Airbnb: The article emphasizes that anyone can initiate an Airbnb venture without substantial funds, primarily requiring either property ownership or a willingness to work with property owners. Property owners can minimize involvement by employing Airbnb property managers like Whome, who offer comprehensive services at a fraction of the property's income.

These strategies showcase how individuals can enter the Airbnb business without substantial initial investment, emphasizing the potential for profit, whether owning property or collaborating with property owners or managers.