Great article. I used to work on the side for an app called "Task Rabbit" - essentially an Airbnb for odd jobs (mow peoples' lawns, minor home repair etc) and repeat customers always went direct. I suppose it is human nature to save on fees, although it is a bit more complicated when it comes to rental properties.
What do you think of REITs, I see many beaten down though I suppose it is more warranted with interest rates and their propensity to borrow. I like Realty Income which seems to be prime real estate.
Thank you Vinny! It will always cause some loss of revenue just like NFLX password sharing, but it does not invalidate the investment case for Airbnb for me. I am also curious about REITS at the moment. I am in the early stages of drafting an article. Let's see if it reaches sufficient maturity to be published.
Great post
Thank you, Jesse!
Great article. I used to work on the side for an app called "Task Rabbit" - essentially an Airbnb for odd jobs (mow peoples' lawns, minor home repair etc) and repeat customers always went direct. I suppose it is human nature to save on fees, although it is a bit more complicated when it comes to rental properties.
What do you think of REITs, I see many beaten down though I suppose it is more warranted with interest rates and their propensity to borrow. I like Realty Income which seems to be prime real estate.
Thank you Vinny! It will always cause some loss of revenue just like NFLX password sharing, but it does not invalidate the investment case for Airbnb for me. I am also curious about REITS at the moment. I am in the early stages of drafting an article. Let's see if it reaches sufficient maturity to be published.
I am already long Airbnb, but your write up has provided fantastic additional insight to what I view as a tremendous long term opportunity.
Thank you Adaman! I am glad you enjoyed the read!