If you don’t already know, Airbnb essentially lets you become your own hotel. Millions of people are making money by listing an extra bedroom, entire home or unused space on Airbnb and renting it out to travelers.
But one of the biggest misconceptions about Airbnb is that you need to own a property to make money on it. That doesn’t have to be the case. You can earn lots of money renting out other people’s properties. It’s called a Home Sharing Management Company (or HSMC for short) and we will explain it to you and how to do it.
A HSMC lets you make money from real estate without owning a home and little capital. It’s actually a genius business model.
More: Create an Empire on Airbnb without Owning a Home. See how! 🏠
How Does A HSMC Work?
There are MILLIONS of homeowners who have an extra unused room or empty vacation home that’s just collecting dust. That’s where YOU come in.
You will find these homeowners and pitch them on listing their extra room or home on Airbnb so you can both make money. You tell them you will run the Airbnb and manage it and they collect 50% of profits for letting you use their property.
Their property is empty anyways so they will say yes if you pitch it successfully. Without you, they are losing money or leaving money on the table. They also have zero idea on how to use Airbnb and don’t have the time to learn.
Once they say yes, you’re going to create the listing on Airbnb (takes a few hours at most). Then you start getting guests and collect the passive income that comes in each month through that listing. Then you’re making money from real estate with zero ownership of any homes. Amazing, right?
Pros and Cons of a HSMC
This business model wasn’t available decades ago and you used to need a big down payment to buy a property. But thanks to the invention of Airbnb and similar apps anyone can get into real estate with some work ethic.
Let’s look at the pros and cons to see if it’s right for you.
PROS
- You don’t need to own a home or have money for a down payment
- Airbnb doesn’t have to be popular in your city for it to work
- Everything can be automated Airbnb can be extremely profitable in tourist markets
- The sky is the limit. It can be done with 1 property or 100, full time or part time
- You can run this business from anywhere as long as you have an internet connection and a smartphone
CONS
Every business has pros AND cons and that this might not be for everyone. Here are the downsides of a HSMC:
- You have to give a cut to the property owner
- Need to be willing to pitch and network with property owners
- It will be harder if Airbnb is banned in your city but still possible
- Airbnb doesn’t teach you how to start a HSMC. You must learn yourself or take a course
- No experience is required but you need to be willing to learn (like any business though)
Who Is This For?
A HSMC is for someone who is okay with the pros and cons mentioned above. It is also for someone who likes real estate and is willing to learn. It’s for someone who wants a side hustle or to build a stream of passive income.
How To Get Started:
There are over 500,000 bookings on Airbnb every single night in over 191 countries! All you need to do is pitch a property owner to work with you. Once you do that you can list their place on Airbnb and start building a stream of passive income.
You can take this idea and start right now on your own! But there’s still a bunch of steps and nuances to pull this off successfully. So you can also save some time and build it right by learning from a mentor.
Find out how much you can earn hosting on Airbnb. To get started, click here or on the special invitation below.
The Bottom Line
If you want to do it without the course that is fine too! Either way, a HSMC is an incredible way to get into real estate with little money.
The barrier of entry to real estate has never been lower and it’s thanks to companies like Airbnb.
