Items Tagged with 'airbnb'

ARTICLES

  • Airbnb hosts use their passive income stream for more real estate investment

    Hosts generate an average of $20K a year in profits
    When Priceonomics analyzed income data from tens of thousands of loan applications in 2018, they calculated that the average Airbnb host makes more than $924 per month, although some made much more, stretching to $10,000 a month. Once hosts discover the benefits of hosting, they often expand their inventory of listed rooms or homes. A 2017 article in Inc. profiled superhosts earning at least $100,000 a year by welcoming guests to multiple homes.
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  • Parts of Boston's short-term rental ordinance blocked by judge

    Judge blocks two provisions of ordinance
    The city of Boston has been blocked from enacting two provisions of a short-term rental ordinance that was passed in summer 2018. A U.S. District Court judge declared Beantown can’t eject a short-term rental service from the city as punishment for posting and failing to remove listings that violate the ordinance.
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  • Marriott officially enters short-term rental market

    Hotel giant launches luxury short-term rental intiative
    Hospitality giant Marriott International has officially entered the short-term rental market, going after home vacation rental giants like Airbnb and HomeAway. Marriott is launching Homes & Villas by Marriott International, a home-rental initiative that offers 2,000 premium and luxury homes worldwide.
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  • Quicken Loans will now let Vrbo hosts use rental income to refinance their mortgage

    Income generated by short-term rentals will be used in underwriting
    A little over a year ago, Airbnb partnered with some of the nation’s largest mortgage players, including Fannie Mae and Quicken Loans, to allow hosts using the short-term rental platform to use income from their rentals to refinance their mortgage. Now, Quicken Loans is at it again; this time partnering with Vrbo to allow users of that platform to use rental income earned through that short-term rental platform to refinance their mortgage.
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  • Short-term rental software company Guesty raises $35 million in Series C

    Latest round brings company's total funding to $60 million
    Short-term rental management software developer Guesty announced it has raised $35 million in its latest funding round, bringing the company's total funding to $60 million. The company is using this latest capital injection to open new offices, to enhance its product capabilities and to introduce AI and machine learning into the platform and more.
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  • Airbnb suffers major loss in fight for Santa Monica rentals

    Airbnb versus the U.S. continues
    Cities continue to tighten their grip around Airbnb and other short-term rental sites, and Santa Monica, California, is no different. In the latest loss, Airbnb and HomeAway will be liable for illicit rentals on their sites, and will be required to remove them in the city with some of the most stringent short-term rental laws.
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  • New York City escalates fight against Airbnb, demands listing information

    Issues subpoena for approximately 20,000 apartment listings
    New York City is upping the ante in its fight against Airbnb, as the two sides battle it out in court and in the court of public opinion. On Monday, New York City Mayor Bill de Blasio announced that the city is issuing a subpoena to Airbnb, demanding that the short-term rental site turn over the listing data that’s at the center of a legal battle between the two sides.
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  • New York claims real estate brokers made $21 million through illegal Airbnb rentals

    Sues Metropolitan Property Group for allegedly violating short-term rental laws
    A group of New York City real estate brokers made $21 million through a series of illegal Airbnb short-term rentals in flagrant violation of the city’s short-term rental laws, the city claims in a new lawsuit. According to the city, Metropolitan Property Group, its owners, and others were repeatedly warned to stop violating the city’s short-term rental laws, but chose to continue to do so, earning more than $21 million in illegal revenue from Airbnb.
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  • Judge sides with Airbnb, HomeAway; blocks NYC law requiring sites to disclose user data

    Law will not take effect during court battle
    A federal judge on Thursday sided with Airbnb and HomeAway and blocked a New York City law that requires the short-term rental platforms to disclose a significant amount of user data. The preliminary ruling comes in a lawsuit filed against New York City by Airbnb over a new law that requires short-term rental sites to reveal hosts’ data.
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  • Massachusetts enacts new laws taxing and regulating short-term rentals

    Law takes aim at rise of Airbnb and the like
    A few months after initially approving new laws that regulate and tax short-term rentals in the state of Massachusetts, the state’s governor signed the laws into effect late last week. The laws take aim at the rise of Airbnb and similar short-term rental platforms in the state.
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