EP128: This Week in the World of Airbnb
Summary
This episode of Get Paid For Your Pad discusses Airbnb news, including NYC fines for illegal rentals, London's 90-day annual limit for hosts, and the growth of an Airbnb management startup. Hosts should stay informed about local regulations and explore resources for revenue management and operational strategies.
Key Insights
- •Airsorted, an Airbnb management startup, manages 1,000 properties in the UK, a four-fold increase in the past six months, and is expanding to Sydney.
- •Two property managers in NYC were fined for 17 violations, each carrying a $1,000 fine for illegal Airbnb rentals.
- •Airbnb will ban hosts in London from renting homes for more than 90 days/year without official consent.
Action Items
- ✓Hosts should stay informed about the evolving regulations in their local area to avoid fines and ensure compliance.Effort: lowImpact: high
- ✓Hosts in London should review local regulations regarding short-term rental limits and seek official consent if needed.Effort: lowImpact: high
Tools & Resources
- →Hostfully: Jasper is joined by Nicole Williams, VP of Strategy and Marketing for Hostfully, to discuss the news.
- →Aviva IQ: The episode is sponsored by Aviva IQ.
Watch Out For
- ⚠Failing to comply with local regulations can result in fines and the removal of listings.
Related News
Homeowner with shark on roof can't use as Airbnb… but neighbour netting fortune - thesun.co.uk
A homeowner with an unusual listing feature (a shark on their roof) cannot use their property as an Airbnb, while a neighbor is apparently successful. This situation highlights the importance of understanding local regulations and their impact on listing eligibility. Hosts should carefully consider how their property's features might affect their ability to operate an STR.
Lisbon relaxes rules for short term rentals - TravelMole
Lisbon has relaxed its short-term rental regulations. Hosts in Lisbon should review the new rules to ensure compliance and understand any changes to operating requirements.
Some short-term rental owners hit with criminal charges as Santa Fe County ramps up enforcement - Santa Fe New Mexican
Santa Fe County is increasing enforcement of short-term rental regulations, resulting in criminal charges for some owners. Hosts in Santa Fe County should ensure they are in compliance with all local regulations to avoid legal issues.
Buellton delays motel short-term rental ordinance, awaits state guidance - Santa Maria Times
The city of Buellton is delaying the implementation of a short-term rental ordinance for motels, pending guidance from the state. Hosts in Buellton should stay informed of local regulations as they evolve.