Airbnb (ABNB stock) has formed partnerships with some of the world’s largest landlords and property management companies to list the apartment complexes that permit renters to offer short-term sublets on the Airbnb website.
The company announced on Wednesday that it would be adding a new page to its website that will list so-called Airbnb-friendly buildings . These buildings will allow tenants to host guests in their apartments as homeowners do.
ABNB Stock Price
The initial share of Airbnb that was traded was priced at $95.86 on Wednesday, November 30th, 2022. This represents a gain of 0.50% when compared to the closing price of $95.38 on NAS on Tuesday, November 29th, 2022. Airbnb has an outstanding share count of 398.25 million, giving the company a market capitalization of $60.40 billion.
In most cases, tenants are not permitted to sublease their apartments for shorter periods of time.
To get things started, Airbnb ( NASDAQ:ABNB ) is highlighting 175 apartment buildings across more than 25 major markets, some of which include Los Angeles, San Francisco, Atlanta, Dallas, Houston, Denver, Seattle, and Phoenix. Because of regulations imposed by the local government, Airbnb cannot operate in certain cities, including New York City and Washington, District of Columbia.
Tenants will find that the platform makes it easier to host their rentals, and buildings will find it easier to attract tenants who may want to host. The amount of income that tenants could potentially make varies.
Tenants are increasingly looking for ways to supplement their incomes to make their monthly payments because of the significant increase in apartment rents that have occurred over the past few years, as well as the increase in the price of homes and other rising prices. According to Apartment List, rents are beginning to decrease but are still 10% h...
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