Quote:
Originally Posted by Sean1337
I'm on a condo board and Airbnb is certainly a priority issue.
No one wants a bunch of randoms coming in and out of your condo building. You have a brand new building that you want to keep prestine (you don't want your investment going down the drain and building become a slum), and your residents want to feel safe.
One condo I'm aware of discovered that prostitutes rented a condo for 2 weeks. They were seen bringing men up and down through the lobby.
Airbnb is also used for illegal stuff like drugs.
Another condo discovered they had an Airbnb problem because security/concierge staff reported that Airbnb owners were using security to distribute keys to renters which is not their job.
"The Merit" condo has a strict policy on short term rentals in their condo building.
In general most condos don't allow it for all the reasons stated above. Same goes for renting out parking spots.
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Randoms. Prostitutes. Drugs. Men traversing the lobbies.
I can see how these buzzwords can put even the most progressive condo board member on edge.
The reality is that any building might have this activity regardless of its participation in short term rental market. For example, a high ratio of renter to owner occupancy could contribute to such activities. It need not be short term rentals alone. I wonder how the hotel industry survives.
The undesired activity described above is reflective of only a portion of short term rentals.
At any rate, the boards foremost concern, and this early in the life of the building is to ensure that the property is in good condition, meets and exceeds warranty status, and is on a trajectory for overall sustainability (marketed properly etc).
24 hour front-desk security, CCTV, and floor restricted access by fob only would settle some of your above concerns.