What's Hot: Barnes and Noble Will Return to Georgetown in June | The 3,000 Units On The Boards From Trinidad to Gallaudet
An Airbnb-Ready Apartment Complex
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.
story continues below
loading...story continues above
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.
See other articles related to: airbnb, apartments, florida, short-term rental
This article originally published at https://dc.urbanturf.com/articles/blog/an_airbnb-ready_apartment_complex/13121.
Most Popular... This Week • Last 30 Days • Ever
Rossdhu Gate is the remaining piece of a 30-room castle built by socialite Daisy Calh... read »
A Home Equity Line of Credit, commonly referred to as HELOC, is a borrowing product t... read »
Georgetown Metropolitan reported on Tuesday that the Instagram account for the nation... read »
The Gen Z market; ranking food halls around DC; and is this the new king of Queens?... read »
The term "luxury" has been applied broadly in the housing market, but a new report ai... 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. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro