As an Airbnb shareholder, one of my biggest concerns has always been the ridiculous fees that are leading many to ditch Airbnb for hotels or other rental options. Combine that with countless posts of terrible experiences, unreachable hosts and in some cases dangerous situations, I’m feeling kind of hesitant about things.
Now when we consider the number of people buying properties exclusively to rent out, it’s easy to question the negative impact this is having on potential homeowners. As someone who recently purchased a house, I experienced first hand the number of properties listed as “new homes for rent”, which seemed to be on par or outpace the number of new homes for sale. Many of these properties are managed through tons of different rental agencies. Beyond saturating the market, this was frustrating for potential buyers.
Now I see this
article which seems to suggest that some cities (in this case Atlanta) will be cracking down on the number of short term rentals a person can own. As a shareholder, I start to wonder when Airbnb will plateau. If hosts are seeing less bookings and less properties are coming into the ecosystem, where does the growth come from? Higher fees? Good luck with that.
Other
$ABNB owners - what are your thoughts? My concerns with this company are starting to overtake my conviction.