Airbnb will allow tenants to host their rental apartments
Airbnb said Wednesday that it is partnering up with several landlords to allow tenants to rent out their apartments for short-term stays, reports the Los Angeles Times.
According to Airbnb's blog post, these "Airbnb-friendly apartments" will be available in more than 25 cities, including Los Angeles, Atlanta, San Diego, Dallas, San Francisco, and Miami.
The biggest U.S. apartment manager, Greystar, "will be adding close to 115 properties to the program and has potential to add more."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Due to the increased price of apartment rents, and rising costs for food and transportation "deepening the cost-of-living crisis in the country," tenants are looking for other ways to boost their income, writes CNBC.
"As the cost of living continues to rise, renters can use the extra income earned by hosting part-time on Airbnb to contribute to their rent, save for a home, or pay for other living expenses," said Airbnb co-founder Nathan Blecharzyck in Reuters.
Airbnb will also be offering a calculator on their website to show how much money a tenant can potentially make per month.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Anahi Valenzuela has worked as an editorial assistant at The Week since 2022, where she assists with magazine content and covers the week's best photos. She started her career as a media producer at The Daily Californian and a writer for College Magazine.
-
Indonesia eyes the world stage
Under The Radar Joining Brics could give the Southeast Asian nation new leverage on the world stage
By Chas Newkey-Burden, The Week UK Published
-
Can Republicans navigate their narrow House majority?
In the Spotlight This isn't the first time that a party has had no margin for error
By David Faris Published
-
How does Inauguration Day work?
The Explainer Part Constitution, part tradition
By Joel Mathis, The Week US Published
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine
By Peter Weber, The Week US Published
-
Biden expected to block Japanese bid for US Steel
Speed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
By Peter Weber, The Week US Published
-
Why are home insurance prices going up?
Today's Big Question Climate-driven weather events are raising insurers' costs
By Joel Mathis, The Week US Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published
-
Rupert Murdoch loses 'Succession' court battle
Speed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
By Peter Weber, The Week US Published
-
Bitcoin surges above $100k in post-election rally
Speed Read Investors are betting that the incoming Trump administration will embrace crypto
By Peter Weber, The Week US Published
-
Enron mystery: 'sick joke' or serious revival?
Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
By Peter Weber, The Week US Published
-
US charges Indian tycoon with bribery, fraud
Speed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
By Peter Weber, The Week US Published