Fetch 📦’s Post

The multifamily rental market is witnessing a profound transformation, driven largely by tenants’ growing desire for flexibility. While traditional concerns like rent control and lease length remain significant, modern renters are now looking for ways to maximize their financial flexibility. The recent partnership between Airbnb and Zumper, introducing "Airbnb-friendly" apartments, is more than a convenient tool for renters—it's a signal of where the multifamily market is heading. Renters want more control over their finances, and offering Airbnb-friendly units provides that flexibility. It’s more than a perk—it's becoming a must-have for attracting and retaining financially-conscious tenants who are eager to offset high rent costs through additional income. By offering this flexibility, property managers address renters’ financial pressures, boosting retention while maintaining high occupancy. Historically seen as a disruptor, short-term rentals are now being embraced as a structured opportunity. Property managers can set limits on tenant hosting and share in Airbnb-generated revenue, offering a win-win solution that balances tenant flexibility with operational control. Emerging trends: 1️⃣ Tools that balance flexibility with compliance, such as tracking tenant subletting activity, are essential for properties embracing short-term rental models. 2️⃣ Property managers will look beyond rent as their primary income source, with short-term rental income playing a growing role in boosting NOI #multifamily #proptech #ai

🏙️ Explore the unforeseen impact of NYC's Airbnb ban in our latest blog post by Roomrs Head of Real Estate Elie Mansdorf. Discover how these new regulations have reshaped the rental market and unveiled new opportunities for landlords. And how mid-term rentals are becoming a strategic pivot for those looking to adapt and thrive in this new landscape. → Read the full article to see how Roomrs is leading the way in maximizing landlord returns in this evolving market.

Discover the impact of short-term rentals and the sharing economy on real estate markets! 🏠✨ Explore Real Estate Today's insightful analysis on platforms like Airbnb, regulatory challenges, and their effects on traditional rental markets. Gain insights into how these innovations reshape accommodation options, local economies, and rental dynamics. Understand the opportunities and challenges for property owners, renters, and policymakers in navigating this evolving landscape. Join the discussion on the future of housing in the sharing economy era! #ShortTermRentals #SharingEconomy #RealEstateTrends https://lnkd.in/dJgmD4uT

When it comes to growing profits for your #holidayhome, sometimes your charts should look like this 📉 ➡ 📈 Let me explain 👇 Beyond recently shared some fresh trends and insights about the Sydney #shorttermrental market 🇦🇺 In response to demand levels fluctuating, rising competition, and other factors, many savvy hosts and property managers dropped their Average Daily Rates (ADRs) to attract more bookings. And guess what? It paid off. Finding the right blend of Occupancy and ADRs is the key to increased profits 🙌 Read more: https://lnkd.in/gF9_XjZg #RevenueManagement #ShortTermRentals #Sydney

Airbnb has expanded its long-term rental offering to the UK market, in partnership with real estate developer Greystar. Two years ago AirBnB and Greystar partnered in the US to launch AirBnB-friendly Apartments, or AFA, to help renters local apartment buildings that would allow part-time “hosting”. “With many renters continuing to find themselves cost burdened, AFA offers a valuable opportunity to earn income through Airbnb while they’re away,” said Jesse Stein, global head of real estate at AirBnB. Read the full story on BTL Insider: https://lnkd.in/ezU8MS2c

Airbnb plans to let tenants in nearly 1,500 flats owned by Greystar in London to sublet homes on a part-time basis, expanding on a 2022 Greystar partnership (Eri Sugiura/Financial Times) 

My thoughts on SHORT TERM RENTALS: The rise of short-term rental platforms like Airbnb and VRBO has created new opportunities for real estate investors. Short-term rentals can offer higher returns compared to traditional long-term rentals, but they also come with unique challenges. How It Works: Investors purchase properties in desirable locations and rent them out on a short-term basis to tourists, business travelers, or temporary residents. These properties are often marketed through online platforms that handle bookings and payments. Benefits: Higher Income Potential: Short-term rentals often generate higher rental income per night compared to long-term leases, especially in high-demand areas. Flexibility: Owners can use the property for personal use when it’s not rented out, providing both an investment and a vacation home. Market Reach: Platforms like Airbnb provide a global audience, increasing the likelihood of higher occupancy rates. Risks: Regulatory Challenges: Many cities have implemented strict regulations on short-term rentals, including licensing requirements, zoning restrictions, and occupancy limits. Management Intensity: Short-term rentals require more active management, including frequent cleaning, maintenance, and guest communication. Seasonality: Rental income can be highly seasonal, with significant fluctuations depending on the location and time of year.

I was touring apartments today and had a lot of good experiences. I got to experience in person guided tours and self guided tours where the doorman had our names and gave us a master key to access the available units. Both were great experiences. One apartment complex stood out though stating I needed to download an app and register an account with a 3rd party service to do a self guided tour. I'm already exhausted with how many basic human experiences are being relegated to apps, and the apartment complex didn't seem to have any other options. I tried showing up anyway and the leasing office and the door man both told me to use the app to get the door codes for the units. Seeing a property manager in person who then tells you to progress on a tour you have to download/register/use an app is the most impersonal, passive aggressive experience I've had, probably in my entire life. The effort it would take to just allow the unit managers and staff to just look up and give visitors a door code would be miniscule and would've been transparent to me and satisfy that basic human interaction I seek when doing business. The momentum of appification of basic human experiences needs to find its limits. Where it empowers consumers and allows staff to do their jobs better and faster are completely acceptable. But when an app replaces basic human interactions, it's not something I'm personally willing to deal with and becomes an instant deal breaker when deciding where I'm going to spend my money.

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Think about it - single family homes were originally built and meant for long term stay either by the home owner or by the tenant. The founders of Airbnb rented out an air mattress in their apartment in San Francisco to make a few extra dollars. And the rest is history. They became wildly successful. Why, because the hospitality industry at large was comfortable and complacent in doing business the good old fashioned way without innovating. There’s still room for hotel owners to do just two things and give airbnb a run for their money. What are those two things - 1. Embrace guest friendly technology 2. Create memorable experiences for the guests.