Knowing how to start an Airbnb business is the key to achieving success.įrom understanding how cash flow works to researching competitors, here are the steps to take when starting your own Airbnb business. You can purchase (or even rent) a property and list it on the platform for others to stay in, thus making a profit with each booking. With the ability to do rental arbitrage, you don’t need to own a rental property to start an Airbnb business. How To Make Your Airbnb Business SuccessfulĪirbnb is a website and mobile app that offers a peer-to-peer platform for people to find and rent vacation homes, apartments, rooms, or other accommodations.Īirbnb allows users to list their rental property on the website or app – from shared spaces to entire houses – and guests can make bookings online.Īs a service, this platform charges hosts a 3% service fee per booking, and guests pay around 14% of the total booking fee when they make a reservation.Īirbnb also allows rental arbitrage, when people buy or rent properties strictly to list on Airbnb – thus, making a profit with each booking.
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