Should I list my house on Airbnb? When I first heard of Airbnb I didn’t own a house so I never considered listing my house on Airbnb. Now that I do own a house in a great market like Nashville it
would be hard to ignore the potential my house now has with Airbnb. Nashville is the number one weekend city in America. This means hotel rooms are skyrocketing which has led to music city visitors looking to Airbnb as a real short term rental option. Everyone that seems to be coming to the music city is wanting to be in the action of downtown. The hotel rooms downtown are booked up months in advance at about an average of seven hundred dollars a night. This has created a huge opportunity for Airbnb to capture a piece of the rapidly growing tourism pie in Nashville.
If I was trying to explain to a homeowner how Airbnb works and why it is beneficial I would inform them to just go to the Airbnb website. Once at the website they can see how easy it is to list their house. They break everything down very clearly on how it works and are upfront with you about your protection as a homeowner. Just go to the dates booked and see some of the amazing rates people who are listing their homes are getting in Nashville especially downtown right now. If the prices and amount of extra income that can possibly be made using Airbnb doesn't get you excited I don't know what will.
Airbnb is changing the way we think of rentals and tenants all together. It has now become a debate of whether or not Airbnb will or can replace the traditional tenant as we think of them today. In the future it could be normal for investors and contractors to build homes specifically for the purpose of renting it out on Airbnb. The future for Airbnb is still not very clear however. Many local and state governments have already started passing legislation to control Airbnb. This is especially the case in big city markets with big demand throughout the country that have already caught on to Airbnb’s power. Only time will tell what happens as real estate becomes more of a commodity and the way we think of rentals begins to change. If I was a betting man I would be putting all my chips on Airbnb with the power of the people.