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That doesn't mean they are more lucrative. Property can be empty half the time and Airbnb takes a massive commission on the earnings.
by user5994461 9y ago
That doesn't mean they are more lucrative.
Property can be empty half the time and Airbnb takes a massive commission on the earnings.
- coldtea 9y agoThe fact that this happens, no. But the fact that they are kept that way instead of reverting to regular residential renting means that they are indeed more lucrative.
- learc83 9y agoIt must be more lucrative, because as this article said, Airbnb is dominated by professional landlords. If it wasn't more lucrative, those profession landlords would still be renting out long term instead of migrating to Airbnb.
- user5994461 9y ago"Professional landlords" doesn't even mean anything. The landlords on AirBnb are a small fraction of all the landlords in the rental market. It's entirely possible that there is a massive churn of properties. Landlord try AirBnb a few months and revert back to long term renting because it was much hassle and not as much profitable. I for one, have noticed that.
- coldtea 9y ago>"Professional landlords" doesn't even mean anything. It means people who rent whole units as a business, as opposed to persons renting a room in their house, or renting their home while they are away.