AIRBNB HOST FORCED TO SHIFT STRATEGY
Airbnb hosts are scrambling to find long-term renters and flocking to other platforms
KEY POINTS
- Many Airbnb hosts are now listing their properties on more websites and making them available for longer terms at discounted rates.
- These hosts are looking for any means to stay afloat on their mortgages and arbitrage leases after the demand for short-term rentals has suddenly dried up due to the coronavirus pandemic.
- Hosts are turning to websites like Vrbo, HomeAway, Zillow, Apartments.com and even Facebook Marketplace and Craigslist.
Sean Ray normally rents out his 3-bedroom Dallas house for a few days at a time to travelers who find it listed on Airbnb. On Saturday, Ray spent the afternoon touring the property with a mother of two who showed up seeking a long-term rental and wearing an N-95 mask.
“This is something that I’ve got to get done,” Ray said. “I won’t be able to survive much longer if I don’t get this thing rented.”
Ray and many other Airbnb hosts are now listing their properties on …
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