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 short term rental?

·        How often do you expect to have the home rented?

·        How are you screening your guests and what are your plans to prevent/repair damage?

·        Are you requiring longer stays or will there be one night stays as well?

·        What household rules have you put in place for your guests?

These are just to get you started. It’s important to remember that while you are concerned about new people in the area, the landlord is concerned about the possible damage to their property and the subsequent loss of value. You are both invested in finding good, responsible renters….you’re on the same side.

Once you feel comfortable that the landlord is handling the rental of the property in a responsible manner, and then take advantage of the visitors to learn more about them and other parts of the world. Often Airbnb guests are coming from overseas, Europe being the most popular. Introduce yourself and get to know them. What a great opportunity to share cultures and lifestyles in a relaxed environment. Most short term renters are hoping to have a more “lived in” experience. They are seeking out quiet locations to enjoy their vacation with family or friends and learn what it’s like to live in your community… them!

Short term rentals are just a part of the Shared Economy boom that has seen rise to individuals offering services that were once reserved for corporations. Uber, Lyft, Airbnb, other services which allow consumers to interact directly with the provider will become more common. Of course anything new can cause uncertainty, but by doing some research, asking the right questions and getting involved, the short term rental next door might be an enriching experience for you, your family and the renters. 

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