However, it's too late to neconfigure its relationship with Apartment Investment and Management Company (AIMCO).
AIMCO has filed lawsuits in Florida and California. The complaints essentially contend that Airbnb's listing of their units violates the leases. Several times AIMCO claims it requested those listings be removed but they haven't been. AIMCO wants monetary damages and a court order mandating elimination of the listings.
AIMCO's concern is that transients could pose a security threat. The company comprehensively screens everyone who applies for a longer-term lease.
The Airbnb model of short-term rentals is growing in popularity for several reasons.
Those leasing out make money. That can help financially squeezed condo owners hold onto their property.
Those having the short-term rental save money. That saving could be significant.
And, there is a trend among visitors to have an "insider" experience in the location. They want to bump into the natives right in the hallways and strike up conversations. The term "tourist" has become a dirty word.
The Airbnb brand has taken on a positive aura - at least among those benefitting from their sharing-economy platform.
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