Investors see huge potential in the growth of short-term rentals and are rapidly collecting homes to rent out to vacationers.
For example, ReAlpha, a Dublin, Ohio–based firm, is reportedly looking to spend up to $1.5 billion to buy short-term rentals. The company’s CEO said that’s enough to buy about 5,000 homes. ReAlpha plans to target markets like Dallas, Austin, Texas, and Miami, where it then intends to acquire 100 to 500 homes quickly and nearly at the same time.
ReAlpha’s CEO Giri Devanur also said he wants to let other people purchase fractional ownership of short-term rentals on his company’s app.
This post was created with our nice and easy submission form. Create your post!