Airbnb (ABNB) is marking the one-year anniversary of Airbnb Friendly Apartments– a program that offers apartment seekers looking for extra income the opportunity to find places to live in that allow for Airbnb hosting, part-time.
Jesse Stein, Airbnb Global Head of Real Estate, joins Yahoo Finance’s Brad Smith and Dani Romero to weigh in on the residential rental market and how Airbnb’s solution stacks up to the competition.
In terms of growth, Stein says the program is “scaling very, very well” due to the type of renters the program attracts. The distinction of the program, according to Stein, is that it allows hosts to “monetize their space” when they’re traveling.
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