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
- •Two property managers in NYC were fined for 17 violations, each carrying a $1,000 fine for illegal Airbnb rentals.
- •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.
- •Airbnb will ban hosts in London from renting homes for more than 90 days/year without official consent.
Action Items
- ✓Hosts in London should review local regulations regarding short-term rental limits and seek official consent if needed.Effort: lowImpact: high
- ✓Hosts should stay informed about the evolving regulations in their local area to avoid fines and ensure compliance.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.
Common Mistakes
- ⚠Failing to comply with local regulations can result in fines and the removal of listings.
More from Regulations & Compliance
Carson City, Nevada, is refining its short-term rental regulations. City supervisors are currently reviewing and modifying the local ordinance during a retreat. This review aims to address operational aspects, potentially impacting local hosts through new or revised rules, emphasizing compliance.
A 21-unit vacation rental in Dunedin, Florida, has been approved, signaling potential growth in the local short-term rental market. This approval could lead to increased accommodation options for tourists visiting the area. This news could also influence local regulations.
St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
Curated by Learn STR by GoStudioM