Passive Income

A Step-by-Step Guide to building a Passive Income stream of $5000 a month using Airbnb

George Pain

• Publisher: Abhishek Kumar
• ISBN:
  9781546385561
• Topic: Personal Development
• Subtopic: Personal Finance

Are you tired of your current 9-5 job? Or sick of the hassles of dealing with rental income.
Airbnb is your answer. This book gives you all the details you need to know. Airbnb is one of the largest and fasted growing online global marketplaces focused on enabling guests and host to meet in order to transact. As such, it is not a real estate property marketplace but a hospitality marketplace. This book brings you information that you require in order to become a host on Airbnb. It starts off by describing what Airbnb is, including how it works and how you can become a host. It goes ahead to inform you about the benefits of Airbnb income over rental income. To be able to receive these benefits, you have to optimize your listing (service profile) on Airbnb so that it not only captures potential guests' attention but helps to convert them into successful guests. Thus, it provides you with important tips on how to make your listing professional and appealing to your potential guests. Most importantly, it gives you all the tools, resources and softwares you need to automate your Airbnb income; making it a true source of passive income.

Chapter 1: What is Airbnb?

Airbnb is a famous online marketplace that offers collaborative consumption and sharing of hospitality service by enabling guests and travelers to rent or lease short-term lodging facility. This lodging facility includes apartment rentals, homestays, vacation rentals, hotel rooms or hostel beds, among so many others.

Why choose Airbnb?

Airbnb is one of the biggest online marketplaces of its kind. It has over 3 million lodging listings in over 190 countries around the globe. Thus, it is trusted by both hosts and guests.

How does it work?

Both hosts and guests meet online on airbnb.com marketplace. The host creates a profile (commonly known as listing). The list comprise of description of the lodging property including its photo, its key features, location, surrounding amenities and infrastructure, landmarks, what is on offer, among others.  

The guest attends the market, search for rental based on location and size description (apartment, private room, shared room, etc). Once the guest settles on a certain listing, he prompts an offer to the host via the platform’s communication system. If the host accepts, the booking is done.

After booking is done, both the host and the guest make arrangement to meet so as to facilitate occupancy of the place by the guest and to ensure that the guest’s needs are well attended to.

At the end of it both the host and guest can make independent reviews about their experience on the platform. This greatly helps to boost quality, reputation and trust.  

How to become a host

Airbnb is a great platform for hosts. There following are the main steps you need to make in order to become a host.

• decide on the property you want to host
• Prepare it for hosting
• Sign up for hosting with Airbnb.com
• Prepare your listing
• Receive bookings
• Welcome guests
• Get paid

Decide on the property you want to host

Hosting on Airbnb has three main options – entire place (entire home), private room and shared room. You have to decide on what to offer among these three options.

Prepare it for hosting

Once you have decided on the property you want to host, you have to prepare it well as you would expect to prepare for an important visitor/guest. You have to consider the following:

• Repairs – you have to repair broken facilities including taps, tiles, worn-out paint, etc.
• Interior décor – you have to make your interior décor look great, yet modest and neutral. Different guests have different tastes. Making it too striking or too dull may appeal to some yet a turn-off to others.
• Furniture and upholstery – ensure that your facility has good furniture.
• Bed and beddings – the bed should be sizeable enough. There mattress should be ergonomically sound and comfortable. Investing in a quality bed and beddings can greatly boost guest experience.
• Cleanliness – the place should be clean. During the entire period of guest’s residence, you have to ensure that cleanliness is maintained.
• Consumables – toiletries, towels and such other items need to be available in adequate quantity. In case it is more than just a bedroom, ensu...

Table of contents

• Book Description
• Introduction
• DISCLAIMER
• Chapter 1: What is Airbnb?
• Why choose Airbnb?
• How does it work?
• How to become a host
• Chapter 2: Benefits of Airbnb Income over Rental Income
• Chapter 3: How to Make Your Listing Professional and Appealing to Customers
• How to make a killer title
• How to make a killer description
• How to make a killer photo effects
• How to make instant book setting
• How to personalize your impression
• Chapter 4: How to Get the Initial Price of Listing and Get Initial Reviews
• How to get initial price of Airbnb listing
• How to get initial Airbnb reviews
• Chapter 5: When Should You Raise Your Price?
• Chapter 6: How to Automate Your Income on Airbnb
• Co-hosting
• Airbnb management service
• Automation tools
• Conclusion