{"id":4055,"date":"2022-05-28T23:18:41","date_gmt":"2022-05-28T23:18:41","guid":{"rendered":"http:\/\/box5118.temp.domains\/~mercyho3\/?p=4055"},"modified":"2022-05-28T23:18:41","modified_gmt":"2022-05-28T23:18:41","slug":"how-nigerians-in-diaspora-are-making-millions-airbnb-millionaires","status":"publish","type":"post","link":"https:\/\/mercy-house.com\/?p=4055","title":{"rendered":"How Nigerians in Diaspora are making millions – Airbnb millionaires"},"content":{"rendered":"

How I Made N5 Million As an Airbnb Host<\/h1>\n

Last Year<\/h1>\n

It is possible to build property riches starting from a small base. Tope an investment banker with JP Morgan<\/a>\u00a0says YES it can be done and today shows you how she did it. She has also launched a business that makes it easier to rent your property on Airbnb.\u00a0\u00a0Tope has invested in a couple of properties that she lists on Airbnb as she\u00a0pursues her lifelong hobby of traveling around the world after all YOLO!.<\/p>\n

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The income from these rentals is significant enough to not only cover their respective bonds, mortgages, but to bankroll her travels as well.<\/p><\/blockquote>\n

How has she managed it? And, more importantly, is it something that others can accomplish as well?\u00a0 \u00a0MercyHomesUK<\/a>\u00a0<\/em>asked her to reveal the secrets to making a killing on\u00a0Airbnb<\/a><\/strong>.<\/p>\n

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\u00a0<\/span>Making Money on Airbnb<\/h2>\n

How much income can you expect to earn on your Airbnb property per month?<\/strong><\/h4>\n

There are obviously loads of different kinds of listings on Airbnb \u2013 everything from cheap spare rooms on the Lagos mainland\u00a0to lavish Lekki, VGC mansions. Based on the investment we\u2019ve made, though, I\u2019m very happy with the return we\u2019ve seen she says.<\/p>\n

How to Build An Airbnb Property Empire<\/h2>\n

Can you build real wealth through Airbnb listed properties?<\/strong><\/h4>\n

Some people are using Airbnb to build empires, there\u2019s no doubt about it.\u00a0You find that some people in large cities like Lagos,\u00a0Abuja etc have massive Airbnb portfolios with over 10 -50 listings. A one week in a two-bed luxury apartment in Abuja could cost from $350 to $750 a week, likewise in Lagos, making it more lucrative than a long term\u00a0rental business<\/p>\n

Airbnb is providing an interesting alternative to the traditional strategy of buying properties and renting them out to long-term tenants to pay them off. You can make far more money from Airbnb.<\/p><\/blockquote>\n

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Mercyhomesuk strongly recommend that you also look into Airbnb as an alternative\u00a0portfolio, because these are shortlets, you can also use it\u00a0yourself\u00a0or\u00a0share with families and friends\u00a0at anytime\u00a0you wish and rent out in advance\u00a0for weeks when it\u00a0is\u00a0available.<\/p>\n

We highly recommend you look into places like: Lekki County <\/a>Apartments,\u00a0Mixta Apartment<\/a>s, Urban shelter<\/a> Apartments, Lekki Gardens<\/a> Apartments and many more high yield accommodations. These developers\u00a0also offer spread payments of up to 36 months and some have mortgage facilities to make it easier.<\/p>\n

There are even\u00a0services to help people set up their own Airbnb management companies\u00a0\u00a0<\/a>including Lagos management companies upon enquiry<\/p>\n