It’s taking longer to get into the black renting apartments on Airbnb

Renting an apartment out on Airbnb as a de-facto hotel just doesn’t pencil out like it used to. In order to break even with the average annual rent for a long-term lease, an Airbnb host would have to rent an apartment on the home-sharing site for an average of 216 days, up from 194 days in 2012, according to a new study. Researchers at New York University, along with economists from Airbnb, conducted the study to […]

Source: Real Estate

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