I Rented Apartments To Rent Out On Airbnb For Profit
needwant.comHe did not include expenses for insurance, property damage, paying tax and so on. And he still was only able to turn out a healthy profit in one of four locations.
Does not look like a viable business idea to me.
However it may be a good way to lower rent or afford an oversized appartment.
Essentially, he's operating as a realtor, or landlord-as-a service. A broker, a middleman, who smooths the process and reassures customers. It doesn't seem very scalable, but if it doesn't take much time then great.
Let me ask the question everyone else is - when will I have the time to do this? Haha.
Then one of your guests brings bedbugs and the nightmare begins.
Or accidentally causes a fire which damages the building and the other tenants property. His insurance would definitely not cover anything like that.