A hard copy of this Real Estate Review article is stored in the IAAO Library.
Abstract:
This article explores the regulatory and business constraints that are likely to have a dramatic impact on short term rentals, specifically Airbnb. The online platform has reached a high market value, with over 60 million users, 2 million property listings, and 500,000 rentals per night. However, cities worldwide are developing regulations to limit or even outlaw the existence of these rental units, which are viewed as unlawful competitors to hotels, or as eliminating huge quantities of affordable housing. Less understood, but discussed in this article, are the business constraints imposed by insurers and mortgage lenders.