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Motley Fool Hidden Gems Investing

Two Sides of Airbnb

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 22 September 2024

⏱️ 28 minutes

🧾️ Download transcript

Summary

The “Airbnbust” has not arrived, but Airbnb is no longer at peak expectations.  Mary Long hosted Motley Fool Analyst Alicia Alfiere and BiggerPockets CEO Scott Trench at The Denver Press Club for a conversation about Airbnb as a stock and as a real estate investment. They discuss: - Airbnb’s capital allocation strategy. - The hosting platform’s competition. - How real estate investors can get started with Airbnb. - The scaling challenges of managing short-term rentals. Company discussed: ABNB Host: Mary Long Guests: Alicia Alfiere, Scott Trench Producer: Ricky Mulvey Engineer: Tim Sparks Special thanks to Alex Pailet from BiggerPockets and Alby Segall, Jean-Luc Currie, Jim Bofencamp, and Katlyn Howery from the Denver Press Club for making the event happen. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

There's a larger number of short-term rental hosts that are professionalizing in the industry,

0:06.0

and a battle that they're fighting, I think, fairly quietly is on how do they get shipped those bookings to other sites like Burboo or can they book directly?

0:15.0

I'm Ricky Mulvey and that's Bigger Pocket's CEO Scott Trench.

0:22.0

He leads a company that aims at

0:23.4

democratizing real estate investing. Scott is also the co-host of the

0:27.1

Bigger Pocket's Money Podcast and today's show is an edited recording of our

0:31.4

collaborative live event with them at the Denver Press Club out here in

0:35.0

Colorado. Mary Long hosted Scott and Motley full analyst Alicia Alfieri for a look at both

0:40.1

sides of Airbnb is a stock and as a real estate investment.

0:48.5

Scott, you and we were all talking beforehand and you said that you had some you had a good overview of

0:53.4

kind of like the market sentiment and how investors have have been feeling

0:57.9

about short-term rentals over the past couple of years so you want to kick us

1:00.6

off by giving us a sense of what that looks like.

1:03.0

Yeah, sure. So in the real estate investor community in 2019, nobody was interested in

1:07.8

short-term rentals. We pulled our audience and said, what's the strategy you're going to pursue?

1:11.1

5% of them said they were interested in short-term

1:13.7

rentals. That carried through to December of 2020 and in 2021 and exploded. 20% of

1:21.1

our members became interested in short-term rental investing.

1:24.0

That jumped to 23 or 24% by the next year,

1:28.0

and it's receded back to about 18% of our audience

1:31.0

in the last year, and I bet you when we put on the poll at the end of this year,

1:35.0

we're going to see it in the low teens.

...

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