Renting a rental
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The Joinery in Optimist Park and many Camden properties are among a growing number of apartment buildings nationwide allowing residents to bank extra cash by renting out units for short stays.
Why it matters: Rental affordability has plunged in recent years, and those who rent are feeling especially poor about their finances, according to the Axios Vibes survey by The Harris Poll.
By the numbers: Tenants in Charlotte who hosted on Airbnb last year typically earned $2,400, per company figures shared with Axios.
Between the lines: Many landlords don't permit short-term rentals, but some companies with big portfolios, such as Greystar, have joined Airbnb's apartment platform.
- Apartments accounted for about 16% of U.S. Airbnb listings in April 2024, according to AirDNA, a short-term rental analytics firm.
What they're saying: "Everybody should have the ability to host, or share their home part-time, to make some extra income," Jesse Stein, Airbnb's global head of real estate, tells Axios.
- "We don't feel like homeownership should be a barrier."