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Airbnb making fat profits for property investors

Unlicensed lodgings drawing scrutiny from city governments and driving some neighbours crazy

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"Airbnb is a middle-class, people-to- people platform - for the people, by the people, of the people," according to Chris Lehane,  Airbnb's head of global policy.

Boston

RYAN Scott says traditional landlords are missing out. The real money is in Airbnb Inc.

Mr Scott, 33, figures he brings in half a million dollars a year in revenue from 14 San Diego homes he leases by the night using the short-term rental site. That's a 20 per cent profit