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(CNBC)   Air BnB is going to bring that same happy party atmosphere to your apartment complex as it has for all of our neighborhoods. Enjoy   (cnbc.com) divider line
    More: Obvious, Real estate, apartment buildings, Renting, so-called Airbnb-friendly buildings, Rental agreement, management companies, House, much apartment rents  
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866 clicks; posted to Business » on 30 Nov 2022 at 8:20 AM (8 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



25 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-11-30 7:30:13 AM  
Excellent. Now the investor class can drive up apartment rents, too.
 
2022-11-30 7:36:29 AM  

edmo: Excellent. Now the investor class can drive up apartment rents, too.


About that...
 
2022-11-30 8:10:54 AM  

ThomasPaineTrain: edmo: Excellent. Now the investor class can drive up apartment rents, too.

About that...


Yeah that ship has already sailed.  This is just a new way to make you complicit in the whole process and everybody gets a cut.
 
2022-11-30 8:35:34 AM  
This idea came from the legal department didn't it?  They want to create a lot of work for lawyers so they can demand a raise.  What happens when a broke tenant sublets their apartment to a broke Air BNBer who wrecks the place?

What would make far more sense would be large apartment complexes listing vacant apartments on Air BNB directly.  They could get some IKEA furniture they lug from one vacant apartment to another, list X number of apartments on Air BNB, and use them as show rooms when not booked.
 
2022-11-30 8:58:18 AM  
Do they face any legal liability if someone uses this service while under a lease that prohibits subletting? That's the nightmare scenario, creating a situation where someone is entitled to residency, the proper landlord not being able to evict due to tenant rights.

Airbnb was a mistake
 
2022-11-30 9:05:48 AM  
I swear the only thing Silicon Valley has innovated in the past decade is rapaciousness.
 
2022-11-30 9:23:41 AM  
Maybe this is just for my town... but we have been unable to house any of the summer workers we need because everyone that used to have a place for rent has gone Air BnB and now there's no affordable rentals for seasonal workers... pretty much destroyed the restaurant experience that is the main draw for the town.

I pitched an idea for building a dorm style large housing unit on unused land in town and got ignored. So...

No idea what the f*cking solution is.

We used to ban short term rentals for situations like this, but everyone got so goddamn greedy..
 
2022-11-30 9:27:12 AM  
Ban short term rentals and tell Uber to go fark off, too.
 
2022-11-30 9:29:44 AM  
Here in San Diego someone bought an entire apartment complex with the intention of it being 100% short term rentals.

IMHO, short term rentals should be illegal unless you're a hotel/motel.
 
2022-11-30 9:31:44 AM  

Klivian: Do they face any legal liability if someone uses this service while under a lease that prohibits subletting? That's the nightmare scenario, creating a situation where someone is entitled to residency, the proper landlord not being able to evict due to tenant rights.

Airbnb was a mistake


This is probably the biggest issue. A lot of apartment leases, especially the ones with corporate landlords, are likely to explicitly prohibit subletting, including Airbnb-type rentals, without landlord approval.

So, from a legal standpoint, I would think a  sublease not permitted under a lease would be invalid, and that would nullify tenant protections for the sublessee (may not be a real word). Although if it were to go undiscovered for too long, you'd probably run past time limits (say, 30 days) after which eviction/removal becomes harder. Still, the sublessee would not be a tenant in the landlord's view.

It will be a situation like this multiplied by a huge factor.
 
2022-11-30 9:32:43 AM  

Tr0mBoNe: Ban short term rentals and tell Uber to go fark off, too.


I love this sh*t...

Newport RI: A proposed ban on short-term rentals in residential areas

"Of course, whatever is taking place there now would be grandfathered in," said Lynn Underwood Ceglie, vice chairwoman of the council. "The amendments would be banning non-owner occupied homes from being used as short-term rentals."

Why? Because half the people on the council have investment properties they are renting.

Conflict of interest? No way, man!

As with all things, no one will do anything meaningful until the shark swings up and bites them in the ass.

And I hope it does.
 
2022-11-30 9:33:36 AM  
Any rental apartment complex or building should be required to disclose to prospective actual renters if they are also doing short-term rentals.

Because I sure as hell know that I don't want to live at a AirBnB-driven hotel with strangers constantly rotating in & out. And I imagine people with families & little kids would feel even more intensely about it.
 
2022-11-30 9:36:39 AM  

NewportBarGuy: Tr0mBoNe: Ban short term rentals and tell Uber to go fark off, too.

I love this sh*t...

Newport RI: A proposed ban on short-term rentals in residential areas

"Of course, whatever is taking place there now would be grandfathered in," said Lynn Underwood Ceglie, vice chairwoman of the council. "The amendments would be banning non-owner occupied homes from being used as short-term rentals."

Why? Because half the people on the council have investment properties they are renting.

Conflict of interest? No way, man!

As with all things, no one will do anything meaningful until the shark swings up and bites them in the ass.

And I hope it does.


From your very own link:

"On Monday, the State's Attorney for Prince George's County Aisha Braveboy told WUSA9 that everyone in this situation has some rights and their office is investigating "

The illegal tenant is still granted tenant rights. Even if the person doing the subletting in violation of the lease goes to jail, the person renting has the right to not be thrown into the streets. That's where this is going to be a nightmare because any time something like this goes wrong, it is going to be past the period where any local laws would say that the subletter has rights to stay until remedy is found.
 
2022-11-30 9:37:40 AM  
Hmm, weird misquote happened, sorry Newport,, that was meant for WX
 
2022-11-30 9:43:46 AM  

Klivian: Hmm, weird misquote happened, sorry Newport,, that was meant for WX


We alllll good.

I was a landlord doing yearly rentals for a number of years. I fully believe in tenant's rights and being a good landlord. It's just being a decent human being... you can still profit from it.

I like the idea of Aid BnB, the concept is phenomenal. But, you combine that with the pure greed factor? Oh man, it has been a disaster in so many ways.

I still think a lot of the hot air that needs to come out of housing is stock purchased strictly to take advantage of the Air BnB model.

There's definitely a happy medium, but we have not found that yet. Mostly because town councils don't have the balls to stand up to anyone.
 
2022-11-30 9:50:23 AM  

electricjebus: What would make far more sense would be large apartment complexes listing vacant apartments on Air BNB directly.  They could get some IKEA furniture they lug from one vacant apartment to another, list X number of apartments on Air BNB, and use them as show rooms when not booked.


upload.wikimedia.orgView Full Size
 
2022-11-30 9:59:40 AM  

NewportBarGuy: Maybe this is just for my town... but we have been unable to house any of the summer workers we need because everyone that used to have a place for rent has gone Air BnB and now there's no affordable rentals for seasonal workers... pretty much destroyed the restaurant experience that is the main draw for the town.

I pitched an idea for building a dorm style large housing unit on unused land in town and got ignored. So...

No idea what the f*cking solution is.

We used to ban short term rentals for situations like this, but everyone got so goddamn greedy..


It's not just your town.

/I would gladly take community over property values.
 
2022-11-30 10:29:49 AM  
So you're paying extra to live in a secure building?
About that...
 
2022-11-30 11:07:52 AM  
I'm curious what is going to happen when the AirBnB host offers perks that they can't contractually guarantee.

"We're pet friendly!" (The landlord isn't)
"You can check in any time!" (The security gate requires a passcode after midnight)
"Complimentary pool access!" (Landlord doesn't allow guests with unmonitired access)
 
2022-11-30 11:43:29 AM  

Snarcoleptic_Hoosier: I'm curious what is going to happen when the AirBnB host offers perks that they can't contractually guarantee.

"We're pet friendly!" (The landlord isn't)
"You can check in any time!" (The security gate requires a passcode after midnight)
"Complimentary pool access!" (Landlord doesn't allow guests with unmonitired access)


My experience with apartment passcodes is they last for years and years because it's too hard to update everyone who would need to know the new one. That passcode will be given out to every guest and residents will never know how many thousands of people can get into their complex or building.
 
2022-11-30 12:37:36 PM  

ThomasPaineTrain: edmo: Excellent. Now the investor class can drive up apartment rents, too.

About that...


Don't forget the in your face  price fixing
 
2022-11-30 6:41:24 PM  

Snarcoleptic_Hoosier: I'm curious what is going to happen when the AirBnB host offers perks that they can't contractually guarantee.
"We're pet friendly!" (The landlord isn't)
"You can check in any time!" (The security gate requires a passcode after midnight)
"Complimentary pool access!" (Landlord doesn't allow guests with unmonitired access)


Is everybody getting paid? Who farking cares then?
This is the world you all created with all your plastic cards and instant gratification.  Like lambs to the slaughter.
 
2022-11-30 8:09:00 PM  
Ugh my building just sent out an email about this, they wasted no time. Like how about no? Their email didn't even list any limitations or anything -- they were just like "yo you can Airbnb now" and that is all the content provided. Nothing about how that effects security, how they expect to prevent the awful Airbnb neighbors you hear about, etc. Pretty useless.
 
2022-11-30 9:26:52 PM  
1. This development is going to make it even harder for ordinary people to find a place to live.
2. Eventually, an Air B'n'B party will lead to a tenant successfully suing due to a breach of the tenant's right to peaceful enjoyment of the property that the tenant has rented.
3. Conceivably, if a given Air B'n'B property consistently hosts guests that become violent or otherwise cross a serious line; it could result in a successful tenant suit against the landlord for constructive eviction.
 
2022-12-01 2:43:34 PM  

edmo: Excellent. Now the investor class can drive up apartment rents, too.


They already have
 
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