But even among those that do not, the potential growth of the vacation rental market-especially as we begin to slowly move beyond the pandemic-is still a clear avenue for wealth. These figures only refer to the people who already own an Airbnb property.
There are countless examples of Airbnb hosts (or hosts on Homeaway, Vrbo, etc.) who pay about $2,000 per month in mortgage payments and can generate upwards of $5,000 in monthly revenue-that means a potential profit margin of more than $36,000 per year, per unit. Owning and running a vacation rental property can be incredibly profitable. Unsurprisingly, the incredible growth- even in the light of the COVID-19 pandemic -has caused property owners of all kinds worldwide to explore the possibility of renting their properties for profit.
Recently, the market cap for Airbnb (ABNB) approached $100 billion, making the unique rental property company the most valuable in its class.
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