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CHANGING THE HOME SHARING SPUBLIC POLICY LANDSCAPE
By Susan Gaide
hort-term rentals (STRs) that are model has already proliferated multifamily properties facilitated by online platforms like nationwide, albeit “under the radar.”
Airbnb have been the subject of intense debate across the U.S. Local governments around the globe, including several cities in the U.S., have responded quite differently towards regulating STRs. Most cities have not
In fact, research from NMHC found that 65% of all booked nights on Airbnb took place in multifamily buildings. Resistance to this trend has only led to more risky practices with less control and governance over the activity. Now, Migo by RealPage® is paving a new, right way forward by bringing to the sharing economy the tools and levers needed to streamline the home sharing process and make it safer for all involved.
That said, the resistance to multifamily home sharing has affected the ability of multifamily property owners in New York, Boston, Chicago, Miami Beach, San Francisco and other major cities to offer home sharing as an amenity in their communities.
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significantly regulated these platforms, but a limited number of cities have recently put severe restrictions in place.
The truth of the matter is that opposition to multifamily home sharing runs smack up against powerful demographic trends and market demand. And while the pandemic has been an inflection point, change was already taking place in the multifamily sector. Studies indicate that this “living as a service”
APARTMENT MANAGEMENT MAGAZINE - JULY 2022 CS-27