Long Term Renters- Friendly Apartments

Airbnb, an online marketplace for short-term homestays has come up with a new initiative to help prospective long-term renters find apartments that allow them to host on Airbnb part-time to earn extra income.

Through a new marketplace – Airbnb.com/airnbnb-friendly – prospective apartment hunters can view an estimate of how much they can potentially earn by hosting on Airbnb.

To make sure renters and not real-estate investors benefit from the programme, each building has its own rules for hosting, including a limit on the number of nights renters can host per year.

The new initiative of Airbnb is part of its ongoing efforts to make hosting more accessible to more people. Renters interested in hosting a spare room, or their entire apartment when they’re out of town, can browse more than 175 Airbnb-friendly apartment buildings, subject to availability, in 25+ markets across the US, including Houston, Phoenix, and Jacksonville.

Airbnb-friendly apartments are part of Airbnb’s broader efforts to help more people tap into the economic benefits of hosting at a time when many are trying to keep up with the rising cost of living.   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,” says Nathan Blecharzyck, Airbnb Co-Founder and Chief Strategy Officer.

This new programme provides prospective renters who wish to host part-time with information and tools, including:

• Browse Airbnb-friendly apartments– Prospective renters can explore a variety of Airbnb-friendly buildings at different price points and locations. They can browse available apartments, view floor plans, and what each building offers.
• Earnings calculator– Prospective renters can use an interactive, custom-built calculator to get an estimate of how much money they could earn by hosting part-time. Calculator users can select various options such as apartment size, or how many nights renters want to host, to receive an estimate of potential earnings per month.
• Connect with building management – Prospective renters can view additional information on individual buildings, including interior and exterior photos and information about what’s nearby.  Building management also can answer specific questions about a building, schedule in-person tours and start the leasing process.
• Access to Airbnb Setup –  The newly introduced Airbnb setup will be available to new renters in Airbnb-friendly apartments as they get started hosting. It offers free, one-to-one guidance from a Superhost along with the option to host an experienced guest for your first stay.

Airbnb-friendly apartments help unlock hosting for tenants who may be especially cost-burdened right now and whose lease terms and building rules have prevented them from hosting part-time. Hosts on Airbnb are using the income earned from sharing their homes to help them cover higher costs of living. Airbnb-friendly apartments will allow more renters to tap into the economic benefits of home sharing.

The new initiative supports responsible hosting and communities The apartments are designed to be a renter’s primary residence. To help ensure renters benefit from the programme, each building has its own community rules for hosting – including a limit on the number of nights renters can host per year. In addition, all renters are expected to follow local short-term rental rules, building rules and Airbnb’s community standards.

Initially, the new service is available in over 25  markets across the US  In the coming months. the programme will l be launched in more cities.