Additionally, apartment buildings have the right to charge the primary tenant up to 20% of the cost of each Airbnb use. The potential asking rent amount in consideration of the amenities provided also makes a difference. The formula varies according to the number of available bedrooms and overnight stays each building allows. The newly added page on Airbnb’s website will also feature a calculator that will display the potential monthly income for the tenant. Over the past year, rents increased by over 15%. According to Apartment List, rents are beginning to decline but are still 10% higher than they were a year ago. Tenants are, therefore, increasingly looking for additional sources of income to cover their monthly obligations. The platform will help people host their rentals and assist buildings in luring clients who might wish to host.Īccording to Airbnb co-founder, Nathan Blecharczyk, tenants’ potential earnings will differ depending on the building and the location.Īpartment rents have increased significantly over the past few years, along with property prices and other growing costs.

Due to municipal regulations on short-term rentals, some cities, including New York City and Washington, D.C., are not available. The showcasing will first cover more than 25 main towns, including Los Angeles, San Francisco, Atlanta, Dallas, Houston, Denver, Seattle, and Phoenix.

Current markets covered by the new Airbnb platform

Short term airbnb