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Updated about 2 years ago on . Most recent reply
Airbnb partners with Mega Landlords, giving them 20% back!
Caught this article and found it to be an interesting approach by airbnb to capture more of the market by actually paying landlords for a portion of the short term rentals their tenants make, 20% back as the article mentioned. So the tenant signs a lease and has the right to short term rent the unit for a certain amount of days, all while increasing the money the landlord makes by getting a cut of the profits from Airbnb. Sam Zell's Equity Residential was mentioned as one of the multi-family landlords participating. Interesting approach?
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#1 Short-Term & Vacation Rental Discussions Contributor
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Quote from @Paul Cionczyk:
Caught this article and found it to be an interesting approach by airbnb to capture more of the market by actually paying landlords for a portion of the short term rentals their tenants make, 20% back as the article mentioned. So the tenant signs a lease and has the right to short term rent the unit for a certain amount of days, all while increasing the money the landlord makes by getting a cut of the profits from Airbnb. Sam Zell's Equity Residential was mentioned as one of the multi-family landlords participating. Interesting approach?
Links here:
Sounds better than plain flat fee arbitrage. The owner should be benefiting from this as an investor after all.