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Airbnb Owners are Now Flipping Their Successful Properties for a Premium

Airbnb Owners are Now Flipping Their Successful Properties for a Premium

The listing mentions that, as an Airbnb, the little one-bedroom bungalow raked in about $6,000 per month at a 70-percent occupancy rate. As cities continue to pass legislation that makes it harder to operate an Airbnb or short-term rental, markets like Joshua Tree, where no such regulations exist, are increasingly flooded with turnkey Airbnb properties for sale. In cities across the country, listings that mention Airbnb potential are priced higher than neighboring houses. And in Phoenix, a three-bedroom house that mentions Airbnb potential is currently listed at $789,000—at least $200,000 more than similar listings in the same neighborhood. The turnkey properties sell too fast and at too high a price, and an influx of cash offers from investors and potential Airbnb hosts from LA make financing offers look weak.