If an owner has a spare room in their home, or has a granny flat, or an investment apartment near a business centre, or a holiday house, then
they can boost their cash flow by renting it out as short-term stays to business and holiday travellers.
This is how it works: The owner sets the rent higher than the long-term rent because it is a short-term letting. For instance, the Airbnb rent might be $65 per day (plus a cleaning charge) for the room, which is higher than the weekly rent of $245 per week ($35 per day) for the same room. This suits the guest because the rent is cheaper than the daily tariff charged by a hotel.
Airbnb is therefore effective way to boost cash flow from a property, whether it is a spare room, a granny flat or a whole house or apartment.