Airbnb needs to find new places to list in Paris to keep up with growth. That's why the company has worked with Century 21 to authorize subletting.
Airbnb is trying something new. In order to incentivize landlords, Airbnb has worked with Century 21 to authorize subletting. When Century 21 finds a new renter, the company will ask landlords if they want to sign a deal with Century 21 and Airbnb to facilitate subletting.
If everybody agrees, then renters can keep 70 percent of Airbnb revenue. Landlords get 23 percent of proceeds. Century 21 keeps 7 percent.
This seems like an insanely great deal for Century 21 as it’ll generate another revenue stream in Paris. Landlords can also make more money even though rents are already quite high in Paris.
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