christiesplits
Senior Member
Where exactly is all this AirBnB demand coming from? I know that in hot tourist cities like NYC, Rome and Paris they are geared towards backpackers and tourists. Does Toronto have that same cache?
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Why we gave up being landlords to be Airbnb hosts instead
- Thread starter Admiral Beez
- Start date
Avenue
Active Member
Airbnb units are much cheaper than hotel rooms (guess why). So it's not only tourist demand, it's all kinds of demand, including business travelers. Toronto isn't Paris but it's not exactly an obscure city either.
gabe
Senior Member
That's true. More and more business travellers are choosing Airbnb's over hotels. They get more space for longer stays and the rooms are lot cheaper than hotels.
Admiral Beez
Superstar
Looking back on this thread, I wonder if the city could have taken a different tack. Instead of coercing property owners to rent their units to long-term tenants vs. Airbnb, how about the city make long-term rental the more attractive choice? Start by making it easier to avoid and evict bad tenants.
pman
Senior Member
Isn’t eviction governed by the provincial Residential Tenancies Act rather than municipal regulation?
Admiral Beez
Superstar
True, good point. Perhaps restrictions on short term rentals should also be a provincial matter.
LUVIT!
Senior Member
Hmmm
BobWay28
New Member
Innovations in realty happened. Good transformation.
Jasmine18
Senior Member
We rent our basement to international students for cash.
Good thing about them they only have a suitcase worth of stuff so if they end up being bad tenets, you just pack it up and leave it at the curb.
Good thing about them they only have a suitcase worth of stuff so if they end up being bad tenets, you just pack it up and leave it at the curb.