As a Loftium renter, you're eligible to earn extra rent discounts each month based on how your Airbnb listing performs. In addition to keeping 100% of the cleaning fees (which can often amount to many hundreds of dollars each month), you also receive a share of 'outperformance' - all Airbnb income after covering the cost of the property each month. Your share is:
- 20% for year 1
- 40% for year 2
- 50% for year 3 and beyond
Even if you decide to move to another Loftium home after the first or second year, you'll still receive the increased share!
You can see your current progress towards extra rent discounts and your overall monthly savings on your hosting dashboard. Here's a real example from one of our renter in November.
Keep in mind that Airbnb is very seasonal (especially in cities like Seattle or Portland), so in a month like November your 20% share might be just $20, and in the summer months pass $500!*
What is the property cost? It's the different between the rent we pay the owner for the entire home and the discounted rent you pay + $195/mo to cover taxes, insurance, registration, and operational costs!
*These figures are examples for illustration purposes only.