Airbnb has launched a brand new long-term itemizing service supposed to make it simpler for would-be-renters to seek out residences the place they’re allowed to sublet short-term. The site, just like Zillow or StreetSimple, presently exhibits listings for about 175 buildings in additional than 25 U.S. places.

Airbnb doesn’t personal these residences or buildings, as a substitute they’re owned by administration firms who’ve opted to associate with Airbnb. These companions embrace Equity Residential and Greystar Real Estate Partners LLC, and 10 different firms, based on a report from the Wall Street Journal. In change for itemizing their buildings on the brand new Airbnb web site, these landlord firms will get to watch the entire residence statuses via a web based dashboard, and obtain a lower of the reserving income from any sublets their tenants provide—usually 20-25%, an Airbnb spokesperson advised Gizmodo in an e mail.

Though Airbnb’s earnings have reached record heights this 12 months, and the variety of general listings on the platform has been rising, the variety of listings in rental residence buildings was down nearly 5% in October 2022 vs. 2019 numbers, the Journal experiences.

The firm has determined the first factor holding again residence constructing provide on Airbnb from reaching its full potential is that individuals are too afraid of their landlords’ disapproval to record their dwelling. “A lot of people are worried their landlord is going to say no, and that even raising the topic might disqualify them from becoming a tenant,” Airbnb co-founder and CSO Nathan Blecharczyk advised WSJ.

So, in change for the promise of a landlord who received’t evict for Airbnb-ing and can take as much as one-quarter of the earnings, customers can browse and hire an “Airbnb friendly” residence. It is Airbnb’s model of feudalism: use of a property in change for pay and safety.

“We believe cities can help renters better afford where they live by supporting Airbnb-friendly apartments and embracing policies that allow renters to share their space,” stated Airbnb in a blog post asserting the brand new function. Never thoughts that the proliferation of short-term trip leases like these provided via Airbnb is a giant a part of why hire costs have skyrocketed throughout main cities to start with. Airbnbs eat into long-term housing inventory and drive up rental worth.

One 2017 study discovered that one-fifth of whole hire enhance nationwide between 2012 and 2016 was attributable to Airbnb. Another 2020 study discovered that each 1% enhance within the variety of Airbnb listings in a location results in a subsequent 0.018% enhance in hire costs.

The “Airbnb Effect” is actual. So a lot in order that some cities with dwindling housing provide have applied rules to attempt to fight the issue. Earlier this 12 months, Atlanta began requiring short-term rental licenses, limiting the entire variety of licenses an individual could be issued to 2, and mandating that Airbnb listings throughout the Georgia metropolis be registered to an proprietor or renter with a major residence there.

But once more, as a substitute of admitting to their half in that concern, Airbnb has determined to inform you the easiest way to afford your hire is to make your home an Airbnb. Asked by Gizmodo about their position in rising rents, an Airbnb spokesperson doubled down on the declare that the brand new “friendly” function is actually to learn renters. “The Airbnb-friendly apartments partnership is designed to help unlock the benefits of hosting for renters who traditionally have been kept from sharing their space because of building rules and local regulations,” the corporate spokesperson wrote. Ah sure, the actual villain right here is regulation. But don’t fear, Airbnb is right here to assist.

The firm even provides a nifty little calculator software that helps customers estimate their potential earnings. Did you already know that when you vacate your $2,776 studio apartment in San Francisco for one week out of the month, you can also make again $900 of that hire cash (not excluding taxes or host bills)? Where would you sleep throughout these seven nights? Why not one other Airbnb? What a deal.

Update 11/30/2022, 11:23 a.m. ET: This put up has been up to date with further info from Airbnb.