Items Tagged with 'short-term rental'

ARTICLES

  • Airbnb takes Boston to court over city’s “draconian” short-term rental rules

    Argues city’s laws violate Constitution, federal and state laws
    The city of Boston has new rules surrounding short-term rentals that are set to go into effect on Jan. 1, 2019. According to Airbnb, Boston’s short-term rental rules violate the Constitution, multiple federal laws, and Massachusetts state law. Airbnb also claims the city's rules threaten short-term rental sites with “draconian” punishments should they violate the city’s rules.
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  • Vacasa wants to help landlords turn empty apartments into short-term rentals

    Vacation rental management platform expands into multifamily
    Vacasa, which bills itself as the “largest vacation rental company” in North America and recently raised $64 million, now has its sights set on the multifamily industry. Vacasa announced Wednesday that it is expanding into the multifamily business by launching Vacasa Multifamily, a new initiative wherein the company will seek to partner with landlords in urban city centers to turn empty apartments into short-term rentals.
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  • San Francisco goes after “scofflaw” landlords who ran “illicit hotel chain” on Airbnb

    City fines property owners $2.25 million, prohibits them from renting until 2025
    The city of San Francisco, which has some of the strongest laws protecting against the spread of short-term rentals in multifamily buildings, is levying serious sanctions against a pair of landlords who knowingly and willingly ignored the city’s laws by running an “illicit hotel chain” of short-term rentals on Airbnb.
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  • Expedia dives headfirst into short-term rentals, acquires Pillow and ApartmentJet

    Two tech companies allow for more short-term rentals in multifamily properties
    Expedia Group, the online travel giant that includes Hotels.com, trivago, Orbitz, Travelocity, Hotwire, and more, also has two of the biggest names in short-term rentals under its umbrella: HomeAway and VRBO. But those companies trail the short-term rental industry’s biggest player, Airbnb. Now, Expedia wants to do something about that by working with the multifamily industry to make it easier to use units as short-term rentals.
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  • Co-living startup Bungalow launches with $64 million in funding

    Pairs “early career professionals” with property owners in unique arrangement
    Bungalow, a real estate startup, recently launched to bring a new renting option to some of nation’s largest cities. Think of the company as a cross between co-living and a short-term rental platform like Airbnb, because instead of co-living in an apartment building, Bungalow renters co-live in a house. And instead of only staying for just a few days, Bungalow renters stay for an average of 12 months.
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  • WhyHotel adds Cathy Ross to board, expands in D.C.

    The young multifamily hospitality pop-up is in full growth mode, adding locations and leaders to its roster
    Symbiotic alternative lodging service WhyHotel added Exclusive Resorts CEO Cathy Ross to its board and is launching a new, 95-unit pilot site in the NoMa area of Washington, D.C. Recently, the young company received $3.94 million in seed funding which has allowed the company to set up new locations and build out its leadership team.
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  • RealPage launching platform to help turn empty apartments into short-term rentals

    KigoHospitality will help landlords looking to use 5 to 30 units as short-term rentals
    RealPage subsidiary Kigo, a vacation rental booking and management platform, is a launching a new program targeted at managing short-term rentals in multifamily properties. The launch of this product comes at a time when short-term rentals are a hot-button topic for the industry, and while some multifamily entities are against short-term rentals, RealPage is leaning into the issue.
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  • Aimco on legal war path, taking on Airbnb in Florida

    Miami-Dade 11th Circuit Court dismissed Airbnb's motions to dismiss Aimco's case
    The Apartment Investment and Management Company scored a win against Airbnb as Florida courts threw out the short-term rental platform's request to dismiss the case. Aimco has been on the war path against Airbnb, taking the company to court on accusations of knowingly promoting illegal short-term rental activity in Aimco communities.
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  • Massive multifamily trade groups take on Airbnb

    NMHC and NAA go to bat for the right of owners and operators to restrict short-term rental activity
    The Nation Multifamily Housing Council and the National Apartment Association are going to bat for the multifamily industry in court. The two organizations filed a brief backing apartment developer Aimco's appeal to overturn a California court's decision immunizing Airbnb from responsibility for the actions of its users who rent out their multifamily units.
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