While jurisdictions are still looking for ways to address home-sharing platforms like Airbnb, the company is exploring a way to circumvent legal concerns — their own apartment complex.
As Fast Company reports, Airbnb has partnered up with Newgard to deliver a 324-unit apartment building with home-sharing built into the lease. The complex, called “Niido”, will deliver in Florida in the first quarter of 2018.
Tenants of the complex have the option of listing their apartment on Airbnb for 180 days out of the year and will share a percentage of revenue with Newgard. Those tenants would have access to an app that provides keyless entry to the apartment and facilitates concierge services like cleaning and linens from building management similarly to a hotel.
“This partnership shows how landlords, developers and Airbnb can work together to create value for everyone and better serve tenants,” stated Jaja Jackson, Airbnb’s director of global multifamily partnerships, in a press release.
Depending on the success of this project, this home-sharing and profit-sharing model may be replicated elsewhere in an attempt to address the legality and affects on supply of short-term rental services.
This article originally published at http://dc.urbanturf.com/articles/blog/an_airbnb-ready_apartment_complex/13121
Most Popular... This Week • Last 30 Days • Ever
This week's Best New Listings includes a bright one-bedroom in Bloomingdale and a Med... read »
DC's homebuyer assistance programs can be a bit complex. This edition of First-Timer ... read »
Just a month after setting a new high in March, the value of a house in DC skyrockete... read »
The National Capital Planning Commission will consider approval of the final master p... read »
A look around DC to see where home sellers are dropping their prices.... read »
Our guide for amateur landlords who don't really know what they're doing.... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
The eight-bedroom, 35,000 square-foot home known as The Cliffs hit the market Wednesd... read »
Brookfield Properties is moving forward with development plans for additional sites i... read »
The most detailed rendering yet has been unveiled for the 310-unit redevelopment of t... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro