If you've thought about dipping your toe into the home-sharing business but feel overwhelmed by all the minutiae you'd have to manage, here's a new concept to consider.
Airbnb has partnered with Natiivo Austin, a 33-story tower on Rainey Street that will offer 249 fully furnished units, all the perks of a hotel, and the chance for you to purchase a condo and rent it out.
It works like this: Natiivo is permitted as a hotel (meaning it can't be your permanent residence), with studios and one- and two-bedroom units in 16 floorplans that can be rented through the Airbnb platform.
As of now, purchase prices range between $500,000 to $1.2 million, but just think of the revenue stream you could be enjoying once it opens in fall 2021.
Guests who rent your new space get access to an outdoor terrace on the 10th floor and a rooftop deck with swimming pool, fireplace and lounge area, shaded cabanas, and a clubhouse.
There's also a fitness center featuring a yoga studio, Peloton bike studio, and state-of-the-art equipment, plus bike storage.
Located on the southern end of the Rainey Street Historic District, Natiivo Austin is steps away from the city's most talked-about restaurants and lively nightlife, as well as tranquil Lady Bird Lake and the ever-active Ann and Roy Butler Hike & Bike Trail.
A coffee bar in the lobby serving local brew and co-working spaces help keep business travelers chugging along, while an onsite dog run and lobby dog-washing station mean guests can bring their four-legged friends along for the trip.
Keyless entry, valet parking, and 24-hour concierge service round it all out, along with the convenience of Airbnb Experiences, the brand's experiential offering site.
The "hyperlocal" design with "Austin culture in every unit" is from architecture firm STG Design and New York-based INC Architecture and Design.
The Rainey Street high-rise broke ground in August and is slated to open in 2021. In addition to Austin, Natiivo is also opening a similar concept in Miami and plans to eventually expand nationwide.