BY TRAVIS L. HUEHLEFELD, ATTORNEY
WILSON CRIBBS + GOREN
The “sharing economy”, led by companies such as Uber and Airbnb, is in full force and continues to gain popularity.
Of particular interest in the real estate industry is short-term rental with companies such as Airbnb, Home Away and VBRO. These companies offer an online marketplace for people to lease or rent short-term lodging in houses, apartments, vacation homes and thelike. Short-term rentals offer travelers an alternative to traditional sources of lodging, such as hotels. Short term
rentals also offer property owners a way to generate extra income from their residence. The rise in popularity of Airbnb and its competitors has led many neighborhoods to confront the question of what to do about short-term rentals. This article discusses the various ways neighborhoods can address short-term rentals.