reAlpha, a technology company launching an innovative platform meant to empower everyone to invest in the $1.2 trillion short-term rental market, has closed on a $6 Million investment round.
Investors are adding more competition to an already-scorching housing market, pushing homes further out of reach for average Americans. They’re buying homes to rent with Airbnb.
Investors including reAlpha looking to spend up to $1.5 billion to buy short-term rentals. For example, ReAlpha, a Dublin, Ohio–based firm, is reportedly looking to spend up to $1.5 billion to buy short-term rentals.
As the industry matures, large-scale investors are joining the pool, hoping to get their slice of the short-term rental pie.
Investors hunting for returns in the frenzied U.S. real estate market are tapping a new strategy: building massive portfolios of houses to rent out on Airbnb.