EP191: Down Payments for Airbnb Hosts
Summary
This article discusses Loftium, a company that helps prospective homebuyers with down payments in exchange for hosting a spare bedroom on Airbnb for 12-36 months. It highlights the challenges of affording a down payment and how hosts can potentially use their spare rooms to generate income. Hosts can explore Loftium's model to potentially boost their own income, especially if they are looking to purchase a property.
Key Insights
- •Loftium provides prospective home buyers with up to $50K for a down payment in exchange for listing an extra bedroom on Airbnb for 12-36 months.
- •The average price of a home in Seattle is $700K and a 5% down payment equates to $35K.
Action Items
- ✓If you are interested in purchasing a property, consider researching programs like Loftium to understand how to leverage your spare bedroom to fund down payments or other property expenses.Effort: lowImpact: medium
Tools & Resources
- →Loftium: Loftium - a service that provides prospective home buyers with up to $50K for a down payment.
Watch Out For
- ⚠Not understanding the terms of the contract with Loftium could result in penalties, like paying back the pro-rata amount of time remaining, plus a termination fee, if a customer breaks the contract.
Related News
Saudi Arabia–Qatar High-Speed Rail Aims to Boost Tourism and Cut Emissions
A new high-speed rail line connecting Riyadh and Doha is planned, with potential for boosting tourism and shifting travel patterns. This could create new opportunities for short-term rental hosts in both cities by increasing the influx of tourists. Consider monitoring the progress of the project and researching market trends in the impacted areas.
First Round of Speakers Announced for Skift Travel Megatrends NYC 2026
Skift Travel Megatrends NYC is holding a conference in January 2026. The conference will cover topics such as AI acceleration, platform challenges, and the reinvention of cities for tourism. Hosts can gain insights into future travel trends and prepare their businesses for 2026.
Sorry, Wall Street: Why Prism Picked India for its IPO
Prism, the parent company of Oyo, is planning a large IPO in India, highlighting the country's growing entrepreneurial ambition. This decision could signal a shift in investment and a strong belief in the potential of the Indian market, which may indirectly influence strategies of global STR companies.
Google Tests Ad Formats That Push Attractions Bookings: Scoop
Google is testing new ad formats that directly integrate booking modules for attractions like Disneyland and Universal Orlando. This could lead to increased visibility and potential bookings for experiences platforms, impacting how guests find things to do near your rentals.