Airbnb making fat profits for property investors

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 margin and almost twice the revenue he could get from year-round tenants, he said. Mr Scott owns eight of the houses and manages six others for landlords, and he's able to do it and still keep his day job.