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The opportunity for property owners to make money is fundamental to Airbnb's business model. The company says that, since its founding in 2007, hosts have made more than $180 billion.
A 27-year-old started 'Airbnb arbitrage' after getting laid off during the pandemic. He explains how he got his first rental with $6,400 upfront and scaled to 25 units in less than 2 years.
The City of Las Vegas has fined homeowner Xin Tao $180,000 for operating an illegal Airbnb. Tao had rented his home to Ryan Murphy, who said he told Tao about his Airbnb arbitrage business.