Paul Müller has bought two apartments in Leipzig, which he offers on the real estate platform Airbnb.
The real estate investor says: “With Airbnb you can earn three times a month what you can otherwise earn with rented apartments.”
After deducting all costs such as house money, credit financing and organization, the 32-year-old makes a profit of around 800 euros every month, as he says.
Not just vacationing in Airbnbs, but also earning money with it? Paul Müller wanted to try out whether that was even possible. The 32-year-old real estate investor from Saxony has been in business for a few years, renting out condominiums and apartment buildings, among other things.
But especially in larger cities, it is more difficult to achieve a “good return” with long-term rented properties, says Müller in an interview with Business Insider. “The purchase prices are simply very high, but the rents are usually too low to extract a corresponding return.”
