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<blockquote data-quote="heavy" data-source="post: 199984" data-attributes="member: 5620">Good lil breakdown.AirBnB is basically a way for someone to tip-toe into the real estate rental market. With user reviews, you have a good idea of who's renting. If they're idiots, they're only staying a short time anyway, small likelihood of having to evict (I'm sure it's happened before), you only have to put up with people for a short time.I suspect, all else equal, AirBnB would increase the price of long-term rentals in the area because of the ease of rentals, simply because it would decrease the quantity supplied. There are a certain # of owners who would rather pick and choose when, to whom, and for how much they want. They can keep it available for friends or family to use if needed.I rented a place in Chicago a couple months ago...around $50 per night, just a room. They made around $200 from me, pretty worth-while to have to put up with a tolerable stranger.My friend does this in my decent-sized Midwestern city. For the most part, she's had great experience renting out her spare room+bath. Couples in town for weddings, events, etc.</blockquote>

[QUOTE="heavy, post: 199984, member: 5620"] Good lil breakdown. AirBnB is basically a way for someone to tip-toe into the real estate rental market. With user reviews, you have a good idea of who's renting. If they're idiots, they're only staying a short time anyway, small likelihood of having to evict (I'm sure it's happened before), you only have to put up with people for a short time. I suspect, all else equal, AirBnB would increase the price of long-term rentals in the area because of the ease of rentals, simply because it would decrease the quantity supplied. There are a certain # of owners who would rather pick and choose when, to whom, and for how much they want. They can keep it available for friends or family to use if needed. I rented a place in Chicago a couple months ago...around $50 per night, just a room. They made around $200 from me, pretty worth-while to have to put up with a tolerable stranger. My friend does this in my decent-sized Midwestern city. For the most part, she's had great experience renting out her spare room+bath. Couples in town for weddings, events, etc. [/QUOTE]

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