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While homestay services may already be part of the overall plan for your school or tutorial service, you may want to consider expanding the business and offering your accommodation services to other institutions.

Some cities have homestay businesses that cater to a variety of colleges and universities. The institution hires the homestay organization to take care of everything from homestay assessment, to student placement, to airport pickup, to management of funds.

The homestay organization makes money from student fees, such as the registration fee, the pickup fee, the change of homestay fee, and a percentage of students’ monthly fees. For example, a student might pay $700 per month in homestay fees. The homestay organization might keep $50, passing the remaining $650 on to the homestay family.

The homestay business is not for everyone. People with strong organizational skills, well-developed interpersonal skills, and patience are best suited for the job, as the work is people-centered and often involves coping with individuals’ feelings and emotions.