The Boston Sun reports some New York company has been doing Airbnb-like rentals on new apartments in the South End without registering them with the city or bothering to alert neighbors.
I'm betting that there are explicit provisions in those leases that forbid short-term rentals.
If not, it was probably deliberately removed because the kind of boilerplate used for those leases likely includes it, as most condo association boilerplate also forbids short-term rentals.
Equity Residential has been doing this too under the guise of http://www.bcohousing.com/.
I think there is some loophole to provide this type of short term housing for patients of local hospitals and their families. But more often than not, the units are rented to host parties or attend sports games.
Don't most leases prohibit *any* subletting without approval of the landlord?
Of course, if the company doing short-term rentals *is* the landlord, then there's nobody who can object, except the city or state.
Bet they come with parking.
Many of the new high-end apartment buildings in Boston have listings for hotel suites.https://www.globalluxurysuites.com/location/massachusetts/boston-massach...
So exactly what airbnb did. Since baker has nut five anything substantial to regulate them, much less treated them like bed and breakfasts regulation and license/inspection wise, is this surprising? The new unregulated economy (i know tech bros prefer "gig" or "sharing economy") is bad for cities, workers and most citizens but great for the wealthy and the politicians like Baker they fund.
Go outside and cut the keybox off the fence.
Some superglue might do it too
Last year this same issue was brought up:
This practice won't stop. The owners of these large apartment buildings don't want rents to come down. Short term rentals allow owners to keep their monthly rents inflated. We've had real estate professionals outright lie about renting apartments in our building for personal use, then turn around and try to list them on Airbnb.
Too bad only papers like the BU Daily Free Press and the Boston Sun report on this.
Larger media outlets don't find this newsworthy.
If existing apartments become AirBnb, then hotels will lose business, and then we can rent hotel rooms as apartments.
This may sound wacky by why not have people live in apartments? And then hotels can be hotels.
I also think the same way, but I believe this is a future trend for new business.
Hotels in Boston can be like $300-$500 a night. So if a night in a Boston Hotel is $300 times 30 days in a month, that means one room would generate a gross of $9000. Who the hell would pay anywhere close to $9000 a month in rent for a hotel room? How could they expect to recoup even a fraction of the profit that hotel makes? Maybe they would sell the property while they were going out of business and it would be turned into something that isn't even lodging for anyone.
Oh, and remember last time when the response was that hotels seem to be doing fine and it's only an assumption (by you) that they will lose business. Maybe there's enough demand for the supply.
But go ahead and completely ignore valid points and then just repeat the same argument again in a few months as if we didn't say them!
Help keep Universal Hub going. If you like what we're up to and want to help out, please consider a (completely non-deductible) contribution.
Copyright 2019 by Adam Gaffin and by content posters.Advertise | About Universal Hub | Contact | Privacy