What are you guys thoughts on AirBnB friendly luxury apartments?
For more background, check out Niido's company page. They currently have one property in Nashville and Orlando, with one more rumored in Austin.
Essentially the idea is to juice rent dollars by having tenants "airbnb" out their apartments when they are away (tenants get the lions share of the proceeds). Niido manages the whole process themselves. I think they also plan on setting aside a certain amount of units for exclusive rental purpose.
I definitely see an economy of scale issue on the back end, as owner won't be able to capture the property's full value upon sale since most buyers won't be underwriting the "juiced" rents. But, if this space gets more saturated, things could get interesting? Thoughts?
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