Airbnb is an excellent platform offering excellent services to a devote user base. However, since becoming a contender on the world real estate board, it is now faced with legal battles in many cities and countries across the world. Before taking out Airbnb loans, it is important to look into the legal standing of an individual area and be prepared for potential changes.
The sun never sets upon Airbnb’s empire. Since its genesis in 2008, Airbnb has taken the world by storm and has reached a multibillion dollar net worth in the process. In 2018, Its vacation rental platform now offers homes, rooms, and apartments across the globe. As common of modern application-based businesses, Airbnb benefits both the host and the company. Airbnb offers a means for individuals to start a business, supplement income, or enjoy the company of new people from across the globe. By benefiting its hosts with income, its clients with an opulent experience, and itself by earning a great return, Airbnb has become a powerful business model and a real estate titan.
Sounds great, sounds like everyone is happy. Everyone except the hotel industries, some major cities, and rental competitors. A recent article from The Telegraph states that “the world is going to war with Airbnb.” The article indicates that many cities are unhappy with Airbnb for its interference with real estate prices and long-term loans. In an attempt to oppose Airbnb, many cities have started imposing regulations. Las Vegas, for example allows only so many Airbnb vacation rentals per given distance. New York City and Miami Beach, Florida have started policing Airbnb rentals that are not compliant with city regulations. Miami Beach, surprisingly, charges a first-time violation fee of $20,000 ranging to $100,000 dollars for the fifth. Other major cities fighting Airbnb include: Pairs, Amsterdam, Barcelona, Berlin, San Francisco, Santa Monica, and Sydney.
Know Your Regional Area Before Taking Out an Arizona Airbnb Loan
With Airbnb under attack across the world, it is important to research the regulations in a given area before investing in the short-term rental business and before acquiring an Airbnb Loan. Research your local area and see if there have been any recent changes in the laws. Keep up to date on recent talks on vacation rental homes and the possible returns that can be acquired through them.
Level 4 is here to help you find the Arizona Airbnb loan that is right for you. Talk to your broker today and find the term and rate that you are comfortable with.
Once you are comfortable with investing in Airbnb vacation rentals, talk to your hard money broker and get to find the Airbnb loan in Arizona that is right for you. Your broker will help you find a rate and a term that you are comfortable with given your qualifications. Plan well and enjoy the growing splendor of Airbnb through a hard money Arizona Airbnb loan.
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Dennis Dahlberg Broker/RI/CEO
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22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
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About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.