Entrepreneur turns Las Vegas apartment into profitable Airbnb rental

For those looking for a way to take advantage of the popularity of the home-rental site Airbnb, Jon Wheatley, co-founder of the San Francisco-based startup Need/Want, has done an experiment.

For the sole purpose of renting out on Airbnb, Wheatley bought a Las Vegas apartment for $40,000 and spent $10,000 more outfitting it with hardwood floors, Apple TV and furniture.

In the first year owning the apartment and running it as an Airbnb hub, Wheatley says he made a profit of $13,608 on $19,613 in revenue.

Source: Need/Want