AirBnB and equivalents are usually a better deal for landlords. The property is vacant a majority of the time, meaning less maintenance or chance of damage. The rates are significantly higher, a booked weekend or two can exceed a month’s rent. You/your management company deal with customers significantly less than renters, it’s usually just collecting money and asking for a review.
But this means there’s now less housing available in the city, and not in places where it’s expected to be. Which other than the very obvious “thing meant for housing is now a hotel”, screws up a ton of public funding/planning because there’s not people living there, it’s just the occasional vacationer.
Like anything, if there was only one or two people doing it it would just be annoying. But it’s being done on an industrial scale. So cities are banning it unless the property owners get explicit permission, which they may deny.
Residential =/= short term rental
AirBnB and equivalents are usually a better deal for landlords. The property is vacant a majority of the time, meaning less maintenance or chance of damage. The rates are significantly higher, a booked weekend or two can exceed a month’s rent. You/your management company deal with customers significantly less than renters, it’s usually just collecting money and asking for a review.
But this means there’s now less housing available in the city, and not in places where it’s expected to be. Which other than the very obvious “thing meant for housing is now a hotel”, screws up a ton of public funding/planning because there’s not people living there, it’s just the occasional vacationer.
Like anything, if there was only one or two people doing it it would just be annoying. But it’s being done on an industrial scale. So cities are banning it unless the property owners get explicit permission, which they may deny.