Does it sound alluring to live for free anywhere in the world and still make extra income? If you are one of those people that would love to quit your 9 to 5 job to enjoy an independent lifestyle as a digital nomad, it might be worthwhile to learn more on how to make this dream reality. One of the constraints holding back aspiring digital nomad from exploring the world is resources. Resources can be time or money! We all want the lifestyle of travelling as much as we can without any financial commitment. But as you grow older, you start having real responsibilities that make it difficult to ditch your real life for an adventurous lifestyle.
Who Are Digital Nomads?
The nomadic lifestyle can be a satisfying one as the millennial generation is not finding it interesting anymore to sit behind the office desk.
A Digital Nomads is usually a freelancer, remote worker and independent entrepreneur that choose to work and travel at the same time. This set of travellers are quite different from the tourism travellers that visit a destination for a few weeks holiday. They usually work for themselves and are often online marketers. They live and breathe to make money online. Therefore, they are always growing and expanding their abilities to fund their nomadic lifestyles. It is a perfect way of life for people that value adventure over certainty. All they have to do is book a flight ticket, jump on the plane, arrive at the destination and worry only about work. It is exciting, right? But how do you fund this lifestyle?
How Can I Earn as Digital Nomad?
Owning an apartment is one of the easiest ways to make a consistent income as a digital nomad – whether rented or owned. You can list your apartment on different booking channels to make extra income while you explore the world. All you need to do is find out rental management companies that suit your purpose. Tell them about your apartment. Decide how you want to host your guests by choosing your schedule, prices, and house rules. Then, receive notification from the guests in your villa or apartment. Voila!. If you want to make an extra effort, you can employ someone to stay for free in the house while you are away from home – the person hands over the keys, clean, prepare breakfast, handle any issues that might arise during your guests stay in your apartment. Shortly, you are making an extra income that you can use to fund your next get-away. However, always confirm that the agreement with your landlord allow you to sublet your space.
How Can I Manage These Apartments and Explore the World at the Same Time?
From the moment you are ready to lease your rented villa or apartment on booking channels, you are on the right track to maximizing its profitability. As the host, you receive a rental income that allows you to earn your financial independence while roaming around the world.
Which is quite different from listing the property directly on Airbnb or booking.com that might require your total attention since you are in charge of managing your property and communicating with the guest by yourself. You can make use of rental management companies such as:
- Pass the Keys
- Hostmake etc..
These rental management companies would make it easier for you to pack your bags and enjoy the freedom of life on the road knowing that a team of experts is taking care of all aspects of your listing and ensuring guests go home happy.
For example; Rob is a freelance software developer from Amsterdam that usually work from home. Now he decided to stay and work from a rented beach villa for a couple of months in The Philippines. Subletting his apartment in Amsterdam can make extra income for him. All he has to do is make use of rental management service, that would assist him with the listing on different booking channels and rent his space without any direct contact with any of the guest from the booking channels. These booking channels are the popular booking.com, Agoda, Airbnb, Expedia etc.
What Kind of Space Do You Need to Make a Steady Income?
No matter the city you own a space; Whether in a jungle in Bali or a remote island in the Bahamas, there is always someone looking for a space to stay every night. All you have to do is make sure you provide simple amenities to improve your guest experience. Here are a few basics amenities to increase the value of your space:
- Coffee maker
- A kitchen
- Air conditioning
- Free parking
- Swimming Pool
- Set of wine glasses
- Pet-friendly environment
- Heating system
Think about choosing a vacation spot with an eye-catching design so that you can attract the attention of the prospective guests to your apartment. Make a bit of effort to make sure your place is comfortable for your guest during there stay.
Consecutively, it will increase your accommodation ratings online, bring more customers and extra income for you. Always make sure someone is around to open the door and clean when the guest arrives and leaves. You can travel anywhere in the world and keep earning. What is intriguing is that you can explore the world without paying for new rent whenever you visit the same destination. In a simplified term, you are living for free and earn more income! It is as simple as 1.2.3…!.
Are you thinking of ways you can start this journey of becoming a landlord and nomad? Please share your thought with us in the comment section below.