Study: Airbnb landlords rent out properties full time

[KamaAina]

http://www.mercurynews.com/business/ci_29410429/study-airbnb-landlords-rent-out-properties-full-time

While the average Joe struggles to make rent in the Bay Area's inflated housing market, a new study claims local Airbnb landlords are making millions by essentially turning their properties into illegal hotels.

The report, authored by Pennsylvania State University's hospitality school and backed by Airbnb's opponents in the hotel industry, targets Airbnb hosts it claims are using the site to run full-time, short-term rental businesses. The report looked at 12 cities, analyzing how many landlords rented their properties more than 360 days a year and how many rented two or more properties. In San Francisco last year, more than 300 "full-time" hosts raked in $44 million, or 22 percent of all Airbnb revenue made in the city, according to the study. The study also found that 1,600 landlords rented two or more units, making $62 million....

Full-time Airbnb landlords exacerbate affordable housing shortages, according to John O'Neill, director of Penn State's Center for Hospitality Real Estate Strategy, who co-authored the study.

"Tenants are being pushed out of their homes and their communities and have nowhere else to go," he said Wednesday on a media conference call.

[Wilms]

1. (The lucky winners cheer) Casino Nation - Jackson Browne

[SoCalMusicLover]

2. What A Bunch Of BS

The second I saw "illegal hotels," I knew that this was just another anti-Airbnb hit piece. Probably supported by the actual hotels.

In what way is renting out a house the same as a hotel? I may be mistaken, but normally a hotel has LOTS of rooms, spread out over multiple floors many times. Unless you know of a hotel that takes ONE RESERVATION and then they're sold out, please let me know.

I use Airbnb often, and usually at a great savings, as well as based on location. I've used it when there is an area with ZERO hotels, or when hotels want to jack up rates due to a special event or time period. Try getting a room in Manhattan for about $100/night in mid July. You couldn't even get a hostel with a bathroom down the hall for that price. I rented a room for that next to the High Line, and for half my stay my hosts were out of town, so I had the place to myself.

Sometimes you give things up when renting through Airbnb, but it's no surprise that there is now an anti movement against them. Isn't that always the way? Ya think Taxi drivers would be glad if Uber & Lyft were declared illegal, and never allowed to airports?

People rent properties. People have multiple rentals. I prepare taxes, so I know that some people earn their income this way. One client has a co-op in Manhattan that earns a significant amount yearly. Hotels will continue to pay people to go an find ways of hurting or eliminating Airbnb, they have very deep pockets. If you seriously believe that a few hundred Airbnb rentals in San Francisco are the cause of high prices and hard to find housing, you're a moron. While eliminating a situation like that, you are certainly helping out the hotel industry tremendously though. They would love to get $250/night out of you to stay in Manhattan, if you don't have the option of paying half that to stay at an Airbnb room a block away.

[TeamPooka]

3. Apts are not hotel rooms and when they are used as such affect the residential population

of a city in an adverse and negative way.
I get from your post that you want a cheap place to stay and don't understand the concept of licensed limited resources for residential use.

[msongs]

4. people who get theirs don't give a crumb about the effect on others nt

[TeamPooka]

5. yup. individual > society now. nt

[SoCalMusicLover]

6. Surprising

Airbnb started in San Francisco, probably the most liberal city in California. It works on a sharing concept. Very progressive idea IMO.

I'm surprised it would be looked at unfavorably here at DU. Since when is saving money while traveling "getting mine" and individualistic?

Support for the hoteliers and landlords who set the rental rates is not something I ever thought I'd see here. I'll just keep my opinion to myself since I seem to be the Only one who feels this way.

[PasadenaTrudy]

7. I'm renting one in Sept.

in Santa Fe, NM. One bedroom house to myself for a week in the nicest part of town. Getting it for $111 a night, which is pretty good for the area. Nice patio, washer & dryer in-house. I'm far from being rich, so this works for me. Plus, I hate hotels.

[TeamPooka]

8. SF is the greediest city, not the most liberal. nt