Investment Firms Enter Short-Term Rental Market
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Vacations aren't what they used to be. Nowadays, stay-at-home workers with no limits on how far they can be from the office have nothing stopping them from taking a vacation while working.
Most vacation homes– where traveling remote workers often set up shop– are owned by individuals looking to pad their income by renting their property on sites like Airbnb. But it's hard to keep Wall Street out of a moneymaking enterprise. On Tuesday, New York investment firm Saluda Grade announced a new venture with short-term rental operator AvantStay to buy $500 million in homes to rent out.
Source Fool.com
