Friday, May 27, 2016

Impact of AirBnB

Want to purchase a Non-Owner Occupied investment property to use for Airbnb or VRBO?
Keep in mind that you will have to qualify for the purchase without using the income that this may generate.
 And be aware of backlash from the hotel, hospitality and multifamily sectors regarding the explosive popularity of short-term rentals through Airbnb.
CHICAGO—The war of words between traditional hotel operators and the Airbnb site has begun to escalate. Airbnb has become a popular option for travelers seeking short-term rental housing, but the American Hotel & Lodging Association claims that the service increasingly provides cover for commercial operators using it to avoid paying taxes and securing the proper licenses. Read more here.
It looks like Airbnb is here to stay, but expect a backlash of regulations from disgruntled hoteliers and apartment owners.

This article published after I wrote this blog:

Happy Investing!

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