Folks looking for an apartment in Atlanta can now search for available units on Airbnb.
The travel company is launching a new platform that will let tenants list their apartments available for rental. Typically, such subletting is prohibited in the short term.
According to a recent poll commissioned by the company, nearly three-quarters of U.S. adults support allowing renters to share their apartments on a short-term basis. Apartment building owners or management companies have the right to review the listings before they go live and deactivate any listing that does not comply with the building’s standards.
The new page on Airbnb’s website will offer a calculator to show how much money the tenant can potentially make per month. The calculation changes depending on the number of bedrooms and the number of nights each building allows, as well as the potential asking rents, given the building’s amenities. Apartment buildings can also charge the primary tenant a fee of up to 20% of the price of each Airbnb use.
So far , Airbnb reports that in buildings where the rental platform has been tested, tenants have hosted an average of nine nights per month with an average income of $900 per month.
To start, Airbnb is showcasing 175 apartment buildings in more than 25 major markets and Atlanta is among them.
Some cities, such as New York City and Washington, D.C., are not available due to local restrictions on short-term rentals.
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