Business Model Settle.co

[Christopher LaRue]

Hello, 

I am unsure if this is the right place to post, as this is my first post, but I wanted to know if anyone knows how www.settled.co and similar companies earn money. I understand they sign a long-term master lease with a landlord, furnish the place then rent it out for more money. Is that it?  How can they afford to furnish the apartment and still make money?  It seems like a neat idea, and wondering if something similar can work in my market, Prague, Czech Republic.  I appreciate any help you can provide.

Chris