How To Start an Airbnb Business

If you’re an active-duty military member looking for ways to make some extra money, Airbnb might just be the answer. It’s a great way to supplement your income and help pay for those extra items that can add up fast when you’re on active duty. For example, if your family is coming down from Washington D.C. for a visit and they need transportation from the airport and hotel accommodations in San Diego, it might cost $1,000 or more per night! With an Airbnb rental property, you can rent out your home while you’re out at sea or away on deployment and make back a majority of those costs (and more!).

Figure out what to do in your spare time

• Make a list of the things you like to do.

• Think about what you are good at.

• Consider how you can make money doing things that you enjoy or are good at, but may not have thought of as a potential career path before.

Learn how much you can make

You’ll have to do some research on your own to figure out how much you can make.

You’ll need to know the average price per night in your area. Then, you should calculate how many nights a month people will stay in your home and multiply that by the average nightly rate. Next, determine how much an Airbnb host gets paid after Airbnb takes their cut (this varies depending on what country they live in). Finally, divide the number of months in a year by 30 so that you have an annual income estimate—that’s how much money you can expect to make!

Get educated

The first thing you should do is learn about the types of education available to you. There is a multitude of ways to get educated, and everyone has different preferences for how they like to learn. Some people prefer in-person classes while others find online courses more accessible. We’ll cover that more later, but first, let’s look at some examples of what kind of education is out there:

• Online courses and programs

• Hands-on workshops with an expert who can teach you directly

• Reading books on the subject (in addition to watching video content)

Find renters

If you’re starting out, it’s important to find renters before you buy your first property. A property management service can help you find renters, but they may charge a fee. You can also use social media or Craigslist—just be sure to vet each potential renter carefully before agreeing to rent your place out. Other rental sites include One Roof and Vacation Rentals by Owner (VRBO).

Once you have a few people interested in renting your place, consider advertising in local newspapers or on websites like Airbnb and HomeAway. Make sure the ads include all of the details about where the listing is located and what amenities it offers so potential renters know what they’re getting into before contacting you for more information.

Pick a property management service

A property management service (also called a PMS) is an organization that takes care of the details for you. They’ll handle all the bookings, payments, cleaning, and maintenance for your Airbnb business.

A good PMS will ensure that:

• Guests receive a high-quality experience when they stay at your property. The PMS should provide thorough pre-arrival communication and coordinated guest arrival logistics so your guests can settle in quickly and easily.

• You’re protected from liability while you’re away from home or otherwise unable to manage your property on a day-to-day basis (e.g., while you’re traveling).

• You don’t have to think about anything other than getting ready for your next guest’s arrival!

List your property on Airbnb

Listing your property on Airbnb is easy.

• Go to the Airbnb website and sign up for an account (if you don’t already have one).

• Once you’re signed up, click “Host” in the top menu bar. This will take you to a page with information about how to list your property, including some tips on what makes a great listing.

• Click “Add Your Property.” You’ll be taken through several steps that help ensure that you get the best possible exposure for your listing: an attractive photo gallery; clear descriptions of all amenities; accurate rates based on demand; and more. Any questions along the way can be answered by speaking with an Airbnb expert via phone or chat 24/7—there’s even an option for this right in their messaging system!

This is one of the most sustainable ways for active-duty military members to make some extra money.

This is one of the most sustainable ways for active-duty military members to make some extra money. If you’re on active duty, you can use your spare time to earn extra income by renting out your rooms or house. Even if you don’t own property, there are other options available!

Conclusion

No matter what, you should always be aware of the risks associated with any investment. The most important thing is to be smart about it and make sure that you don’t put all your eggs in one basket. You can’t expect this business to work out perfectly every time, but if you’re willing to learn from both successes and failures then there’s no reason why it won’t lead us right where we want to go!