A WOMAN has revealed she is making upwards of £125,000 renting properties that she doesn’t even own.
She revealed a step but the step of the process in a TikTok video online.
Leena said: “This is how I make money from properties I don’t even own by using Airbnb.”
The business woman said first she finds suitable properties on Rightmove that she thinks will make suitable properties to rent out.
She said: “Find a property on Rightmove.”
Leena said she only rents on a long term basis for her business model to work.
Next Leena refurbishes the properties she is renting.
She said: “Lightly refurb and furnish the property to a hotel standard.”
Then Leena starts renting the properties out.
She said: “List properties on sites like Airbnb for £100 + a night!”
This is legal in the UK but you will need to get explicit permission from the leaseholder before you do this or you could be in breach of contract.
A few things to bear in mind, you will still be responsible for making rent payments on time regardless of if you manage to rent out your property.
You will be required to follow the terms and conditions of the property sites you join, such as keeping up with cleaning standards on Airbnb.
However you could make a decent profit if you do take this on.
Leena said: “After all the outgoings on average left with £1000 net per property.”
The entrepreneur’s video racked up over 253,000 views online.
But some people were less than impressed with Leena’s money making method.
One user said: “Literally in a rental crisis rn, don’t think Airbnb is gonna help.”
Another said: “I’m in a renting crisis, this is immoral. But each to their own.”