Share this @internewscast.com

Home-sharing service Airbnb has a pitch for renters stretched thin by inflation: Rent out your apartment to guests to offset the rising cost of living.

The short-term rental service is partnering with some of the biggest landlords to help renters find Airbnb-friendly apartment-like apartments for rent in Greensboro where they can live and host at the same time.

“Airbnb-friendly apartments are part of Airbnb’s broader efforts to help more people tap into the economic benefits of hosting at a time when many are trying to keep up with the rising cost of living,” the company said in a statement announcing the new initiative Wednesday.

The company said that Airbnb has an inventory of more than 175 host-friendly apartment buildings in more than 25 markets across the U.S.. Renters can list an empty room on the site or rent out their entire apartment while away.

Airbnb’s new partners include buildings operated by Equity Residential, Greystar, Sentral, and others. Prospective renters can browse Airbnb-friendly apartments on Airbnb’s website.

Airbnb said the initiative brings the company back to its roots, when co-founders Brian Chesky and Joe Gebbia took in strangers to help cover their rent.

“Airbnb was founded during the Great Recession when Brian and Joe needed help affording their rent, and now Airbnb-friendly apartments build on that founding story by making it easier for people to reap the economic benefits of hosting,” Airbnb co-founder and chief strategy officer Nathan Blecharzyck said in a statement. “As the cost of living continues to rise, renters can use the extra income earned by hosting part-time on Airbnb to contribute to their rent, save for a home, or pay for other living expenses.”

More than 40% of Airbnb hosts use the income they earn on the platform to help them cover higher costs of living, according to an Airbnb poll. The new program says it aims to extend that opportunity to more Americans.

It is also a way for Airbnb to grow at a time when dozens of U.S. cities and states have banned short-term rentals. In New York, for example, all short-term rentals of entire homes are illegal. Housing activists have accused Airbnb and other short-term rental companies of exacerbating the housing crisis by turning much-needed dwellings into de facto hotels.

The Wall Street Journal reported that landlords will get a cut of up to 20% of the total booking revenue from Airbnb sublets.

Share this @internewscast.com
You May Also Like

US Pressure Paves Way for UK Approval of F-16 Fighter Jet Sales to Argentina

The United States has compelled the United Kingdom to permit the sale…

Royal Tensions: How Harry and Meghan’s Drama Could Impact King Charles’ Upcoming US Visit

The opulent ballroom may not be set for the King’s impending visit…

Police Investigate Nancy Guthrie’s Disappearance in Collaboration with Reality TV Show

The Pima County Sheriff’s Office is spearheading the investigation into the mysterious…

Rams Rookie QB’s Surprising Text Exchange: Why He Chose Matthew Stafford’s Wife Over the Veteran QB

Los Angeles Rams rookie Ty Simpson’s entry into the NFL has taken…

Expert Tips: Must-Have Conversations During a Divorce

Navigating the breakdown of a relationship is often fraught with emotional challenges,…

Billionaires Establish Innovative Texas Community Aimed at Aspiring Entrepreneurs

A new venture in Texas is turning heads as an unexpected haven…

Shocking Heist: Rent a Car Heiress Targeted in Bold Hollywood Hills Home Invasion

In a shocking incident on Thursday, the heiress of the Budget Rent…

Inside Denise Richards’ Turmoil: Friends Unveil Unraveling Storm of Personal Crises

Just over a year ago, Denise Richards, the former Bond Girl and…

The Affordable 8-Cent Supplement Dubbed the ‘Budget Ozempic’ Gains Popularity

The reactions across social media platforms are marked by an overwhelming sense…

Brooklyn Beckham and Nicola Peltz Share Romantic Moment Amidst Enchanting Crystal Display

This week, Harper Beckham accompanied her mother, the renowned fashion designer Victoria…

Unveiling the Recent Incident at the White House Correspondents’ Dinner: A Closer Look at the Shooting

The sound echoed like a series of muted champagne corks popping in…

Unexpected Exit: Trump and Melania’s Abrupt Departure from White House Correspondents’ Dinner Shocks Attendees

The White House Correspondents’ Dinner, a highlight of Washington D.C.’s social calendar,…