Can you and your residents benefit from allowing short-term rentals in multifamily buildings? While there has been endless debate over the pros and cons, there has been little hard data.
In this comprehensive case study, we use real-world data to assess the impact. Key highlights include:
- Participation rates from 19% to 32% of residents
- Net average income of $835 and $1,075 per month which helped them offset the growing cost of rent in an urban environment
- Monthly revenue share of $112 and $144 per participating resident which went right to the communities' bottom lines
- $1.3M of increased value (based on a 6% cap rate) from the incremental leasing and revenue while the lease-up increased its value just over $450K (on its first 50 units)
Download our case study now and see how short-term rentals can work for you!