Once an Evangelist for Airbnbs, She Now Crusades for Affordable Housing

“Making It Work” is a series is about small-business owners striving to endure hard times.

When Precious Price bought her first home four years ago in Atlanta while working as a marketing consultant, she took advantage of her frequent business trips by renting out her house on Airbnb during her absences. “I knew I wanted to use that as a rental or investment property,” she said. “I began doing that, and it was honestly very lucrative.”

For Ms. Price, 27, and other young entrepreneurs of color, online short-term rental platforms like Airbnb and Vrbo represented a path to building wealth on their own terms. With an excellent credit score and minimal start-up capital — a primary barrier for people in this demographic — a professional Airbnb host could amass a stable of apartments on long-term leases, then turn around and rent those properties on a nightly basis to vacationers.

Some of these entrepreneurs see it as a more equitable alternative to corporate America, with…

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This article was written by Martha C. White and originally published on www.nytimes.com