TELETRADER News
11/30/2022, 7:06 AM
(Source: TeleTrader)
Airbnb+5.91%
Airbnb to offer big landlords cut of rental sales - report
Airbnb Inc. plans to use its website as a listing platform featuring exclusively apartments that allow short-term sublets, the Wall Street Journal reported on Wednesday.
As part of its plan to draw more big landlords to use its services, the company intends to offer property managers a share of the booking revenue, hoping to entice more of them to allow short-term rentals. The new feature will reportedly cover 175 properties managed by 12 companies, including Equity Residential and Greystar Real Estate Partners LLC, the report stated.