Airbnb was fun when they were new and small. It took a few smart people to make money from this and essentially sell their method to others through places like

Airbnb was fun when they were new and small. It took a few smart people to make money from this and essentially sell their method to others through places like Bigger Pockets. Now that every blue collar worker is following this method, there are too many renters on Airbnb and they’ve essentially priced themselves out of business. I know a few people who rented from an owner and sub-leased to long term renters (traveling nurses, tech consultants) and they’re hurting lately because there’s too much competition. They don’t want to lower prices because they are already on the hook for rent to the owner and they don’t want to lower their profit. So it’s this “who blinks first” situation or renters breaking leases because their Airbnb model doesn’t work anymore. I followed this process for almost a year but had to break lease for unrelated reasons.