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 …

To read the full article go to :https://www.cnbc.com/2020/03/25/airbnb-hosts-turn-to-long-term-rentals-competitors-due-to-coronavirus.html