Airbnb landlords beware – short-term rental comes under fire
Short-term rentals are coming under fire, especially in tourism hotspots like Cape Town with a possible new tax and regulations being formulated.
Short-term rentals are coming under fire, especially in tourism hotspots like Cape Town with a possible new tax and regulations being formulated.
Since its launch in 2008 Airbnb has become a major, international player in the short to medium term rental market, with a current net worth of around $74 billion.
The issue of short-term rentals in residential complexes is a thorny one. For permanent residents, units rented out on a short-term basis – whether through Airbnb or other channels – can be bad news.
After the initial hype over the American online hospitality service Airbnb, they see many are returning to the traditional long-term renting model says Adrian Goslett,