by Greg Dickason
With Airbnb launching its “Entire Travel Experience” threatening Australian travel companies such as Flight Centre and Webjet questions are now being asked as to whether the online accommodation provider could create the same level of disruption to property sales portals and mortgage lenders.
The Airbnb platform is simple and very easy to use, insures risk, and has overwhelmingly positive reviews from users. Airbnb is an internet scale business, operating in almost all countries in the world, growing exponentially through referrals as travellers come home and become hosts themselves.
The more users it has, the more valuable it becomes and the harder it is to compete with.
With all this in mind Airbnb’s model could very easily be applied to property sales and mortgages.
Airbnb is already doing longer term rents with their ‘Airbnb sublets’. These allow multiple month rentals, with rent taken monthly in advance off a registered credit card.The secret is in the lightweight contracting process – allowing all transactions to be done online without leaving the platform.Users can find properties, contract and lease them, communicate with landlords, and pay, all on one platform without having to make a single phone call or fill in a single paper form.Similarly, landlords […]