Overpriced relative to a long-term rental in the same area.
Airbnb is a nightly rate that competes with hotel pries. Long-term rentals are a monthly rate that is usually much less than the nightly rate of a hotel or Airbnb.
Example: A hotel near my house is about ~$400/night. Or ~$12,000/month. Rent for a 1-bed apartment across the street is about $3000/month.
Airbnb is a nightly rate that competes with hotel pries. Long-term rentals are a monthly rate that is usually much less than the nightly rate of a hotel or Airbnb.
Example: A hotel near my house is about ~$400/night. Or ~$12,000/month. Rent for a 1-bed apartment across the street is about $3000/month.