What's Hot: Mortgage Rates Fall Towards 6% Following Fed Cut
An Airbnb-Ready Apartment Complex
✉️ Want to forward this article? Click here.
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 http://dc.urbanturf.production.logicbrush.com/articles/blog/an_airbnb-ready_apartment_complex/13121.
Most Popular... This Week • Last 30 Days • Ever
Mortgage rate buydowns can be a good option for buyers who want to save money on inte... read »
Plans filed this week provide the latest look at the 106-key hotel in the works at an... read »
A plan to add another new residential building to the Friendship Heights pipeline is ... read »
The eight-bedroom, 35,000 square-foot home in McLean known as The Cliffs went under c... read »
The large new development would take the place of the Ballston One office building al... read »
- How Does a Mortgage Rate Buydown Work?
- A Look At Georgetown's New 100-Key Hotel Along The Canal
- Donohoe Files PUD For 127-Unit Development in Friendship Heights
- A $30 Million Sale? One Of The DC Area's Most Expensive Homes Finds A Buyer
- Updated Plans Filed For 328-Unit Development At Arlington Office Site
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