5 tips on how to make lots of money (and build a property empire) on Airbnb

Airbnb is an online market that links people looking to rent out their homes with people looking for accommodation.

Hosts list and rent out their unused space while travellers select dates they wish to travel and pick from a list of options.

Properties on offer are not professionally run hotels or apartments, but rather the homes of regular people looking to make some extra money.

It’s free to register as a host.

Guests and hosts write reviews about each other.

Staying at an Airbnb property is, typically, more affordable than staying at a hotel.

The Money Show’s Bruce Whitfield interviewed Brigid Prinsloo, Airbnb host and founder of Superhost South Africa.

Prinsloo gave the following five tips on making money on Airbnb:

  • Have professional photos taken of your listing.

  • Price your listing competitively and reprice often.

  • Respond as soon as possible and be “super-duper ultra over the top friendly”.

  • Provide extras.

  • Ensure a great guest experience.

Scroll down for quotes from the audio below.

You can make double on a short-term listing than what you could make on a long-term one.

Brigid Prinsloo

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
How to turn a hobby into the business of your dreams

How to turn a hobby into the business of your dreams

Small business guru Pavlo Phitidis gives advice to a listener who has an opportunity to turn a tiny business into a massive one.

Silly money mistakes clever people make when they start working

Silly money mistakes clever people make when they start working

Don’t be dumb with money like many smart people! Bruce Whitfield interviews Personal Financial Advisor Warren Ingram.

SA Express grounded amid ‘a very serious safety risk to the public’

SA Express grounded amid ‘a very serious safety risk to the public’

Flew SA Express lately? You’re lucky to be alive! Bruce Whitfield interviews SA Civil Aviation Authority CEO Poppy Khoza.

Polony recall hits Tiger Brands hard... where it hurts

Polony recall hits Tiger Brands hard... where it hurts

Tiger Brands reported a 16% drop in half-year earnings. Bruce Whitfield interviews its CEO Lawrence MacDougall.

Airbnb South Africa grows by 163% in a year. Cape Town especially strong

Airbnb South Africa grows by 163% in a year. Cape Town especially strong

Airbnb announced on Wednesday that it has grown home listings in South Africa to more than 13 000.

Airbnb unveils plans to expand across South Africa

Airbnb unveils plans to expand across South Africa

We interview the company’s area manager about their aggressive plans to expand their presence in South Africa.

Popular articles
[LISTEN] Father shares how he shot the man who raped his daughter

[LISTEN] Father shares how he shot the man who raped his daughter

Johannesburg father, Chris says he had just come back from work when he walked in on an employee raping his 17 year old daughter.

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

WATCH: Zuma denies crisis at Sassa, won't evaluate isiphithiphithi (chaos)

WATCH: Zuma denies crisis at Sassa, won't evaluate isiphithiphithi (chaos)

Zuma says he cannot be expected to act against Minister Bathabile Dlamini on social grants matter now before the ConCourt.

Competition Commission investigates five companies to stamp out price-fixing

Competition Commission investigates five companies to stamp out price-fixing

Commission says investigation into food and agro processing companies is important because of high levels of inequality in SA.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?