How a Single Apartment Turned Into a $60,000 a Year Hands-Off Business

Jasper Ribbers is one of the leading experts on building an Airbnb side hustle, having done it himself with his Amsterdam apartment and having co-authored the bestselling book on the topic, Get Paid for Your Pad.

(He also runs a blog and podcast by the same name.)

I was introduced to Jasper by Jesse Krieger (Episode 62, Generating Lifestyle Business Ideas That Work), and grew fascinated by his story. He gets to travel the world while his asset back at home earns roughly $60,000 a year from short-term Airbnb rentals.

And the kicker? Nearly the entire process is outsourced at this point, though it took some time to get there.

If your town has a hotel or motel, there’s at least some demand for short-term lodging — and you could fill that need.

This was kind of eye-opening to me, because there aren’t many Airbnb listings nearby, but there are plenty of hotels. As Jasper explains, areas of lower demand are often areas of lower competition, which can be a good thing for you as a host.

Homeowners and real estate investors should pay close attention to this episode, and Jasper even shares the story of a tenant who subleases his apartment on Airbnb (with his landlord’s approval) and has a nice little business going.

Free Bonus: Download Jasper’s Top Airbnb Hosting Tips

Download the Free PDF “Highlight Reel” from this Episode

With all of my guest’s top tips and resources included.

Enter your email to access it now:

Subscribe to The Side Hustle Show on iTunes!

Subscribe to The Side Hustle Show on Stitcher!

Subscribe to The Side Hustle Show via RSS!

Learn:

  • How to make your Airbnb listing shine.
  • Jasper’s tips to get your first bookings and reviews.
  • How he’s outsourced his entire rental process, and one cool tool to handle all your guest inquiries.
  • How Airbnb can yield greater returns for homeowners and landlords, and the potential risks and downsides of pursuing this strategy.
  • How to price your property for maximum revenue.
  • The ranking factors in Airbnb’s algorithm to get your listing to the top of the search results.
  • Jasper’s #1 tip for Side Hustle Nation.

Links:

I have yet to try Airbnb in either our own home or as an investment, but Bryn and I are staying at several Airbnbs while on our trip to Spain and Portugal.

I like to support the side hustle economy however I can, and I also like having a little more space than a traditional hotel room. In some meaningful way, it feels like a more “authentic” way to travel, if that makes sense.

What do you think? Have you ever stayed in an Airbnb or thought of listing your place?

Download the Free PDF “Highlight Reel” from this Episode

With all of my guest’s top tips and resources included.

Enter your email to access it now:

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button