Airbnb started out with all mom-and-pop hosts, but now big firms are eyeing it as a money-maker.
AdvertisementAdvertisementIt started buying up houses in Florida, and renting them out on Airbnb for hundreds of dollars a night, the Wall Street Journal recently reported .
"The majority of Airbnb hosts share only one listing," according to a spokesperson.
But the shift in operators from mom-and-pop hosts renting their spare bedrooms to major companies renting hundreds of units out has changed the guest experience, too, according to NerdWallet.
AdvertisementAdvertisementShort-term rentals can be a volatile investmentRelying on Airbnb, though, can be risky for both mom-and-pop hosts and big-money investors.
Persons:
Airbnb, —, Brian Chesky, AirDNA, Skift, Jelke Bosma, Jamie Lane, NerdWallet
Organizations:
TPG, Service, Wall Street Journal, Saluda, Investment, Davidson, Capital Management, University of Amsterdam
Locations:
Florida, San Francisco, New York, WEG, Pompano Beach, Fort Lauderdale