As Airbnb prepares for its forthcoming IPO, this article by Forbes discusses how it helps professional property arbitragers into bulk-leasing empty apartments at lower market rates, and renting out units by the night on the homesharing site.

Since the start of 2018, half a dozen arbitrage startups including Lyric, Sonder and Stay Alfred have raised around $600 million and are currently operating more than 8,500 units across dozens of US cities. Sonder has recently become the first hybrid-hotel unicorn with a valuation of $1.1 billion.

Read more: