Airbnb has launched a new farseeing - term listing help stand for to make it easy for would - be - renter to find apartment where they ’re allowed to sublet short - term . The site , similar to Zillow or StreetEasy , presently show listings for about 175 building in more than 25 U.S. location .
Airbnb does n’t own these apartments or buildings , alternatively they ’re owned by management companies who ’ve opted to partner with Airbnb . These partners include Equity Residential and Greystar Real Estate Partners LLC , and 10 other company , according toa reportfrom the Wall Street Journal . In interchange for number their buildings on the unexampled Airbnb site , these landlord companies will get to monitor all of the apartment status through an online dashboard , and receive a cut of the booking gross from any sublease their tenants offer — generally 20 - 25 % , an Airbnb spokesperson told Gizmodo in an email .
Though Airbnb ’s profits havereached disk heightsthis year , and the number of overall listings on the political platform has been rising , the number of listing in rental flat building was down almost 5 % in October 2022 vs. 2019 numbers , the Journal reports .
Home sweet AirbnbImage:sdx15(Shutterstock)
The party has decided the principal thing keep back back flat building provision on Airbnb from reaching its full potential drop is that mass are too afraid of their landlords ’ disfavour to lean their home . “ A lot of mass are vex their landlord is go to say no , and that even raise the topic might disqualify them from becoming a tenant , ” Airbnb atomic number 27 - beginner and CSO Nathan Blecharczyk told WSJ .
So , in commutation for the promise of a landlord who wo n’t evict for Airbnb - ing and will take up to one - poop of the profits , drug user can browse and take an “ Airbnb friendly ” apartment . It is Airbnb ’s interlingual rendition of feudalism : use of a property in exchange for pay and protection .
“ We believe cities can help renters well afford where they live by supporting Airbnb - friendly apartment and embracing policies that leave renter to partake their space , ” said Airbnb ina blog postannouncing the raw feature . Never mind that the proliferation of short - term vacation rental like those offer through Airbnb is a openhanded part of why rent prices have skyrocket across major cities to start with . Airbnbseat intolong - term housing stock and motor up rental value .
Gif:Airbnb / Gizmodo
One 2017 studyfound that one - one-fifth of total rent increase nationwide between 2012 and 2016 was attributable to Airbnb . Another2020 studyfound that every 1 % increase in the number of Airbnb listings in a location leads to a subsequent 0.018 % increase in rent prices .
The “ Airbnb Effect ” is real . So much so that some cities with dwindling trapping provision have implemented regulations to seek to battle the problem . Earlier this twelvemonth , Atlanta start requiringshort - condition rental licenses , limit the full number of license a someone can be cut to two , and mandating that Airbnb itemization within the Georgia city be registered to an owner or renter with a principal residence there .
But again , instead of admitting to their part in that payoff , Airbnb has make up one’s mind to say you the best way to afford your rent is to make your place an Airbnb . Asked by Gizmodo about their role in rising split , an Airbnb spokesperson double down on the claim that the new “ well-disposed ” lineament is really to do good renters . “ The Airbnb - favorable apartments partnership is designed to aid unlock the benefit of hosting for renters who traditionally have been kept from sharing their space because of edifice rules and local regulations , ” the party voice wrote . Ah yes , the veridical scoundrel here is regulation . But do n’t worry , Airbnb is here to facilitate .
The company even offers a nifty little calculator tool that help users guess their potential earnings . Did you know that if youvacate your $ 2,776 studio apartment apartmentin San Francisco for one week out of the calendar month , you may make back $ 900 of that split money ( not excluding tax or host expenses ) ? Where would you kip during those seven nights ? Why not another Airbnb ? What a business deal .
Update 2025-03-27 , 11:23 a.m. ET : This post has been updated with extra information from Airbnb .
AirbnbApartmentService industriesSharing economyTourism
Daily Newsletter
Get the best technical school , scientific discipline , and culture news in your inbox daily .
intelligence from the future , delivered to your present .
You May Also Like
