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Living Next To An Airbnb Property

Living Next To An Airbnb Property

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So Your Living Next To An Airbnb Property?!Oh no…you are starting to notice “strange” people coming and going from time-to-time at the house next door. Wondering what is going on, you ask around only to find that your neighbor is offering their property as a short term rental on Airbnb. While at first the idea of strangers next door can seem unsettling, viewed in the right light, it can actually be a wonderful opportunity to meet new people and share experiences.The first thing you should do when you realize that you have an Airbnb rental home on your block is to talk with the owner of the property. Ask them some questions to help you better understand the situation such as:·        What prompted you to list your property as a…
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The ban on banning Short Term Rentals

The ban on banning Short Term Rentals

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Arizona Governor Doug Ducey just signed into law SB 1350 which prohibits cities and municipalities from banning short term rentals. Short term rentals have become increasingly popular in recent years with more and more people enjoying the benefits of renting a private home through websites such as Airbnb, VRBO and HomeAway. The Governor stated that his vision for Arizona included a “shared economy” in which residents can share in the tourism profit opportunity and fuel local communities directly. This is one more step forward in the billion dollar short term rental industry that has blossomed all over the globe. The evolution of peer-to-peer platforms and revenue opportunities creates new challenges for property managers and home owners. Rather that ignoring these changes, it’s important to create new policies and procedures to…
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A Note to HOA’s & Property Managers: Short Term Rental-Friendly Condos & Apartments

A Note to HOA’s & Property Managers: Short Term Rental-Friendly Condos & Apartments

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A Note to HOA's & Property Managers: Short Term Rental-Friendly Condos & ApartmentsDear Property Managers and HOAs, By now you must have heard how short term rentals are cropping up all over the globe.What started as a cost saver for larger families on vacation has morphed into an international industry. But now, short term rentals are no longer found just in resort towns. More and more we are seeing these rentals becoming popular in every community, including yours!!! Corporate seminars, personal development, extended family visits, surgery recoveries, and relocation are just a few of the reasons for staying in neighborhoods which are not traditionally considered vacation “hot spots.”In some cities, short term rental-friendly apartment complexes and condominiums are already happening.Where possible, it makes sense to consider these situations and create a way for…
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How Airbnb and Home Sharing are Adapting Hospitality Principles from the…

How Airbnb and Home Sharing are Adapting Hospitality Principles from the…

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Learn how Airbnb and Home Sharing are adapting & evolving hospitality principles from the hotel industry with this interview with Joseph Michelli, author of The New Gold Standard - 5 leadership principles for creating a Legendary Customer Experience Courtesy of The Ritz Carlton.Visit my site: www.Rentalpreneur.com to learn more on airbnb or to get real estate advice for your short term rental investment.After coaching many people on becoming a Rentalpreneur (Rental Entrepreneur) I saw the importance of having a Hospitality training manual which turned into a book, "5 Star Mentality" In this interview I speak with Hospitality Expert, Joseph Michelli, phd who wrote THE NEW GOLD STANDARD: 5 leadership principles for creating a Legendary Customer Experience Courtesy of The Ritz Carlton.Chip Conley, head of Global Hospitality and Strategy at Airbnb.…
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How to Protect Your Vacant Home For Sale, While It Earns Money!  Home Shares & Short Term Rentals Market

How to Protect Your Vacant Home For Sale, While It Earns Money! Home Shares & Short Term Rentals Market

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How to Protect Your Vacant Home For Sale, While It Earns Money!Home Shares & Short Term Rental Market Using Airbnb, VRBO, etc.by Rachel Prince, Rentalpreneur & Licensed Real Estate BrokerI’m sure many of you out there have heard horror stories of vacant properties gone terribly wrong. Here’s a real life example, a Real Estate Broker who thought he was doing pretty good job regularly checking his client's vacant home for sale had checked only the main level of the house and unfortunately failed to check the basement. As it happened, some frozen pipes burst open and flooded the basement and because it was left for so long, created $50,000 worth of damage. What’s worse was the home had to be taken off the market and eventually sat back in the…
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{Open Hearts Open Homes} Short Term Rentals & Home Sharing

{Open Hearts Open Homes} Short Term Rentals & Home Sharing

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It used to be that real estate agencies managed most vacation rentals, yet now the home sharing industry has taken off and mobile-friendly services like Airbnb and VRBO make becoming a Host accessible to anyone with email and a space to sleep. Millions of people worldwide are enjoying this version of the "peer to peer" "sharing economy" and Hosts, specifically are enjoying the added bonus of the extra income.Nowadays, people travel for all sorts of occasions and want options other than hotels which can be sterile and sub-optimal for creating collaborative group experiences.Take a short term rental home that allows 10 people to stay together, for example. Here friends and family can all gather together in one space to hang out, cook or bbq, play games, enjoy conversation, watch a…
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