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The thing is short term rents really do pay that much more in some areas. There's an apartment in my building on Airbnb that brings in over €8k/mo. It has a min
by fy20 4y ago
The thing is short term rents really do pay that much more in some areas. There's an apartment in my building on Airbnb that brings in over €8k/mo. It has a minimum stay length of 14 days. It's booked (well, the calendar shows unavailable) until February next year. To rent a similar apartment long term would be around €1500/mo. With the difference you can easily pay taxes and could even hire someone full time to look after it for you.
- cmeacham98 4y agoYes, it can be a profitable business strategy: that doesn't make it arbitrage.