Anyone making money with AIRBNB

[Lesley Resnick]

Greetings BP

I have been looking at AIRBNB.  Has anyone been able to scale an AIRBNB business?  There has been a lot of chatter on BP about it.  I am interested in hearing from anyone whose is doing it in scale and making money 5+ units.  

I have seen a lot of XLS that at 50% rental you are $xxx profitable.  What is the reality of those assumptions?  You have all the traditional costs of owning RE, roof, plumbing, electric.  Additionally, you have a complete house full of furnishings.  Taken one step further instead of having one tenant you have 50 in a year?  

It seems to me that you would have to do it full time to effectively manage it.  Using a management company could be tough or really expensive.