But how did they overcome the challenge of reluctant property owners? Today their company, Blanket Homes, employs seven people and manages more than 50 listings that bring in over $1M per year. They discovered that many apartment buildings in their hometown of Atlanta had high vacancy rates, but when they asked owners and property managers if they could rent those apartments and then list them on Airbnb, they were repeatedly shown the door. When the Property Owner Says ‘No.’ Trey Young and Jon O’Bryan had a great idea, and a formidable problem. Estimated gross rental income: $327,190 Utopian Luxury Vacation Homes And, by the way, Brent and Debbie Carlisle are two of Page’s students. Reportedly, his students learn how to outsource functions like booking, cleaning and concierge services, thus reducing their workload to a few hours per week. Now Page consults for, and teaches others how to set up their own hosting businesses, how to leverage other’s properties, and how to give guests a true hospitality experience. That agreement allowed me to host short-term guests through Airbnb.”įrom there, Page added one property per month, quit his day job in month four, earned $117,000 in six months, and over $300,000 in the first year. So I walked around the corner and signed an agreement with a neighbor to rent the apartment in her back yard. “That’s when I knew I could earn a living through other people’s properties. In just a month, Page had generated enough income from that one room to pay his total rent and utilities for the month.īut the realization that this could be an actual business came when he read a Forbes article, The 75 People Who Make $1M A Year From Airbnb. His first experience with Airbnb came when his roommate moved out of their apartment, leaving an empty bedroom. Brian Page, who became a millionaire in his 20’s, and then lost everything in the crash of 2008, was terrified of borrowing money ever again. Now, however, hosts are making money following the Airbnb model of leveraging other people’s properties. And the vast majority of hosts do rent out a property that they own.
Tom Goodwin, in a TechCrunch article, accurately points out that, “…Airbnb, the world’s largest accommodation provider, owns no real estate.” But the original Airbnb revenue opportunity seems to have been designed for those who do own real estate.
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