Airbnb has grown in less than a decade to a $30 USD billion plus company from the simple idea of three flat mates wondering if anyone would pay $80 to sleep on an air mattress on their lounge room floor, as they were desperate for money.
With over 3 million homes listed on the site, it now has more rooms than the Hilton without even owning any property. Although, most people are making some part-time income generally from a few thousand up to $15,000 p.a., there are numerous people making six-figure incomes and a few making seven figure incomes.
Some newly created property funds plan to attract investors who perhaps don’t want to put their property on Airbnb and do all the time-consuming check ins, organise cleaning and look after guests.
However, they would rather go for a hands-off approach and simply invest into a fund that will acquire quality investment properties in preferred locations that have high Airbnb returns.