KEY WEST — Residential property managers and investment owners are opposed to a Monroe County (Florida Keys) ordinance that would ban short -
term rentals from most neighborhoods in this resort area, according to Inman News Features.
Hosts are able to offer shorter -
term rentals from two days up to two months, and are able to manage bookings based around their own personal schedule
It is available for short or long
term rentals from two nights up to three months.
Not exact matches
This is another element about Airbnb (and other short -
term -
rental services) that makes it different
from other aspects of the so - called sharing economy.
Since GM's driverless cars are years away
from hitting the road as part of Lyft's service, the automaker plans to provide short -
term car
rentals (for a day, week or month) to Lyft drivers in the immediate future, as well as lease financing through its GM Financial arm, said Ammann.
If the wrong
term is selected, a tenant will likely end up paying more in rent for a space that doesn't work for the company than what was saved by paring 5 percent
from the asking
rental rate.
Airbnb followed up Chesky's tweet with a formal letter to the City of Los Angeles with a report that outlines how Airbnb can help «extend the capacity for the city» by bolstering L.A.'s hospitality industry with its own network of housing options,
from shared rooms to short -
term house
rentals.
But the company's long -
term rental packages are where Location Brossard stands out
from the competition.
Monthly rents in Boston and Los Angeles could jump by even larger amounts in dollar
terms — albeit
from a higher starting point — reflecting a shortfall in
rental housing construction.
The study found Airbnb had removed between 7,000 and 13,500 units of housing stock
from New York City's long -
term rental market.
«Owners who list their apartments for short -
term stays essentially are removing those units
from the
rental market, reducing the supply of housing and pushing up the cost of what remains, according to the report [here].
In other places, it encouraged officials not to collect taxes
from Airbnb hosts so as not to legitimize short -
term rentals.
We are lucky enough to actually make a profit
from AirBnB but it is a short
term rental and there's a lot of activity required to maintain it as a vacation
rental.
For example, if you secure good
rental tenants for the long
term, they'll in essence help you pay down your mortgage balance, which in turn increases the equity
from your property investment.
It's also grappling with systematic racial discrimination
from hosts, facing a crackdown
from the New York state legislature, and, as of Monday, suing San Francisco over short -
term rental rules that the city's board of supervisors passed unanimously at the start of June.
However, the report focuses largely on commercial hosts, who don't live in their units and rent them out for income, raising concerns of possible evictions «if a landlord concludes that they can earn more
from short -
term rentals than
from a long -
term tenant.»
The first is the company's very consistent and dependable stream of
rental revenue and AFFO generated by STORE's highly diversified collection of long -
term leases,
from high - quality tenants.
Napa County may toughen code enforcement for wineries with «wall of shame»: Napa County is looking for ways to make certain the rules it painstakingly crafts,
from visitation caps for individual wineries to a ban on rural short -
term vacation
rentals, are actually followed...
The league would borrow a handful of stars
from Mexican professional teams, only to have the intended audience shrug at what it saw as short -
term rentals.
Under the
terms of the
rental contract, the park district keeps 12 percent of gate receipts, a $ 1 per ticket surcharge, 20 percent of skybox lease revenues, and all proceeds
from food and drink concessions.
Both Mr. Bragman and Ms. Burke - Gonzalez said that the town's
rental registry, established by the current town board, is helping enforcement efforts against housing violations and helping to keep short -
term rental services like Airbnb
from having a negative effect here.
The TV spot follows a marketing assault
from the hotel industry, organized labor, activist groups and city Comptroller Scott Stringer that produced and publicized findings that the online
rental service has accelerated gentrification by illegally converting apartments to short -
term lodgings for travelers.»
«I'm also getting important guidance
from others who say [short -
term rentals] are good for the economy.»
«I'm getting a lot of pushback
from the community, a lot of calls, a lot of concern about short -
term rentals,» Mr. Russell told an audience of nearly 80 people.
Elsewhere, it would seem that the lure of hefty revenues
from short -
term rentals, commonly called «Airbnb,» though the famous app isn't the only way these deals get done, has finally caught the eye of the county executive.
Suffolk County has begun to crack down on short -
term rental owners who list their properties online and are now requiring them to collect and remit a hotel - motel tax
from their guests.
And Stronger Neighborhoods, which has received $ 11 million
from short -
term rental company Airbnb, has begun to make its presence felt recently, spending $ 215,645 on Monday in an attempt to oust Republican Sen. Sue Serino.
The endorsement
from the group, based in Rochester, comes as Serino's re-election is being targeted by Airbnb, the online
rental company that has started running ads opposing her bid for a second
term against Democrat Terry Gipson.
If Harper Collins truly rented the list
from Governor Cuomo, let's see the
terms of that
rental agreement and the time stamped emails proving when it was coordinated.
She says repair requests
from longtime tenants were ignored while the short -
term rentals were renovated.
A new report
from State Senator Jeff Klein and the Independent Democratic Conference criticized Airbnb for short -
term rentals in single - family homes that are advertised...
A new report
from State Senator Jeff Klein and the Independent Democratic Conference criticized Airbnb for short -
term rentals in single - family homes that are advertised for «dangerously» large groups.
Lobbyists
from both sides called Council members Tuesday to assess their positions on the pending legislation, which would require routine reporting of addresses and other information tied to online listings for short -
term rental companies, according to several sources familiar with the calls.
In recent years, it's courted controversy
from critics in New York, who say the site depletes the city's affordable - housing stock and encourages rapacious entrepreneurs to convert long -
term housing into more profitable short -
term rentals.
Legislation will be introduced to stop one - and two - family homes
from short
term rentals State Senator Jeff Klein, joined by Assemblyman Mark Gjonaj, community leaders and angry residents, demanded on Monday that Airbnb and similar sites remove an advertisement for «Fenton Lounge» aka Airbnb «Animal House», placed by a homeowner who is renting out his two - family residence for raucous, lewd, late night parties in a quiet neighborhood.
Senator Klein will also introduce legislation to ban one - and two - family homes
from short -
term rentals.
The report says that when people put up their apartments for short -
term stays, they are basically removing them
from the
rental market, lowering the housing supply and increasing the price of units that are still available.
As home - sharing services such as Airbnb and HomeAway continue to be popular in Ulster County, municipalities are acting to establish regulatory oversight, while the county moves toward collecting a bed tax
from short -
term home
rentals.
Assemblywoman Linda Rosenthal, a Democrat
from Manhattan's Upper West Side, said her colleagues would consider a bill that would ban the advertisement of illegal short -
term rentals on sites like Airbnb.
He said the proposed new rules, which the city estimates would remove about 3,200 properties
from the short -
term rental market, could limit that risk.
Even with Magna (another investment grade company) accounting for 79 % of
rental revenue, I continue to think that Granite REIT offers excellent short -
term (due to recent interest
from a private equity buyer) and long -
term potential (given the low P / FFO).
If you are able to buy a property under market value (usually because it needs substantial rehab work), once you do the rehab work (and I don't mean «you» personally — you'd actually need to have it done by a licensed contractor under the
terms of a 203k loan), you potentially get not only higher rents, but also the option to refinance the mortgage after the rehab is done (and once you've satisfied any owner - occupancy or seasoning requirements
from the lender), which can be especially useful if you want to purchase additional
rental properties (something sometimes referred to as the «BRRR method», for «Buy, Rehab, Rent, Refinance).
I'm having a hard time getting equity out of my 5 properties, 1 paid off, the rest with plenty of equity, but my debt to income ratio of 60 - 65 % and the fact that most of my income is coming
from short
term rentals (airbnb, between 75k - 85k income), is making qualifying really difficult even though I have 2 years of history, 740 credit score.
About one - third of Crown Castle's site
rental gross margin is generated
from towers on land the company owns, and its current portfolio of ground leases have an average remaining
term of about 31 years.
Over 80 % of the company's revenue is recurring, and most of its site
rental revenue results
from long -
term leases with initial 10 - year
terms and five - year renewal periods thereafter.
They make money through ownership of over 5,000 commercial properties that generate
rental revenue
from long -
term net lease agreements.
Upon such termination, the lessor may recover
from the lessee: (1) The worth at the time of award of the unpaid rent which had been earned at the time of termination; (2) The worth at the time of award of the amount by which the unpaid rent which would have been earned after termination until the time of award exceeds the amount of such
rental loss that the lessee proves could have been reasonably avoided; (3) Subject to subdivision (c), the worth at the time of award of the amount by which the unpaid rent for the balance of the
term after the time of award exceeds the amount of such
rental loss that the lessee proves could be reasonably avoided; and (4) Any other amount necessary to compensate the lessor for all the detriment proximately caused by the lessee's failure to perform his obligations under the lease or which in the ordinary course of things would be likely to result therefrom.
There is a five - year advance period with a twenty - year repayment
term (ten - year repayment on
rental properties)
from the date of the last advance.
Just know that O is a commercial retail REIT that generates
rental income
from its 5,000 + freestanding commercial properties thanks to long -
term net lease agreements it has negotiated with its tenants.
While Fannie Mae's requirements for
rental income don't specifically address short -
term rentals, Freddie Mac's guidelines have been updated to help lenders qualify income
from short -
term rentals.