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Airbnb or hotel? Overmoon’s vacation rental model aims to combine the best of both
In 2023, Overmoon hosted 4,000 guests after more than quadrupling the number of homes it owned from 5 to 22.
Customer complaints around quality get routed through the companies to the homeowner, and as such, the ability to offer a consistent guest experience is just not possible. Also, Overmoon takes over the responsibility and costs of property management and maintenance while providing income to the former owner in the form of fund distributions. It also raised $30 million in financing from a variety of real estate investors including family offices, high-net-worth individuals and wealth management firms.
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