The short-term rental market has been one of the most fascinating—and quickly growing—sectors in recent real estate history. The way we rest and travel has changed. More people work remotely, so why not take those video calls from a beachside bungalow?
An Ohio-based property investment company, reAlpha, is taking a step toward its goal of becoming the nation’s largest owner of short-term rental property.
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.