11-07-2019, 10:03 PM
(11-07-2019, 05:01 PM)Lordelsinore Wrote:(11-07-2019, 04:50 PM)panamaniac Wrote: Seems a dreadful idea to me, but in the context of this development, it might be OK if all those units were in one of the two towers.
Interesting....I am not overly familiar with the availability of AirBnB units in the city but do you think having 25 units would be a high amount? Does that license need to be renewed annually or a one shot deal?
I just did a quick look at the AirBnB listings....I think long term rentals in a building like this would be more profitable considering whats available out there.
It's not a high number in the context of the entire city, but it's 10% of the building. That's 25-50 people in the building at any given time that could be anyone with Internet access. I certainly view that as an decrease in building security, and an increase in wear and tear. And I say that as someone who has done several dozen AirBNB stays!
No, there is no renewal required. And there is no mechanism to revoke a short-term licence even in the case of poor management or negligence. That last bit really rubbed me the wrong way, there is no way to effectively enforce policies in that case.
Finally, if you do allow X% of units to do AirBNB, you effectively lose the ability to control AirBNB altogether, as you won't be able to look at an AirBNB listing and identify whether it's a licensed one or not. (In our building short-term rentals are disallowed altogether so anything that shows up on AirBNB is clearly against the rules (declaration, really).