AirBNB starts Hosting US Strata Apartment Renters Too

A @CNBC article announces a new initiative by that short term rental giant, AirBNB, that might start even more strata title committees and managers fingers shaking.

AirBNB has created a new category of accommodation options for renters to host their strata apartments on the platform for short term stays.  Initially, they’ve identified 175 buildings in 25 US cities [like Los Angeles, San Francisco, Atlanta, Dallas, Houston, Denver, Seattle and Phoenix] as a trial.

The idea is novel since it opens up the possibility of earning accommodation returns without having to own the strata apartment [democratising revenue] but also potentially creating even more short term rental apartments than at present.

Of course, it’s more complicated for strata renters to participate because of controls in leases and the usual local restrictions on short-term rentals that apply in some places.

But, I’m sure that if it works in the USA, we’ll see the same category of AirBNB accommodation becoming available in Australian strata buildings.

Read the full @CBNC article Airbnb launches platform allowing renters to host apartments, partnering with major landlords here.