Home-sharing platforms such as Airbnb are widely recognized in highly urbanized cities where short-term rentals sprout and flourish. It provides an avenue for people who wish to stay in a home-like environment with much-needed expanse and privacy. But what if a condo board or landlord governs the space you’re renting out? Much more: how would you introduce Airbnb to them?
That is a question worth answering in this article. But before we dive into this whole hosting dream, you can’t just rent the place out without conducting extensive planning and research and expect it to boom within days – that’s not how rental property works.
So it’s best to identify first the underlying issues as we progress to a more concerted agreement between you and the property owner.
Do you need permission for Airbnb?
Yes, if you don’t own the place. This is a typical setting in apartments and condominiums where you’re renting it but has plans to let someone rent it out. Asking permission from the condo board, landlord, or property owner is imperative as you don’t want to break the trust between a renter-landlord relationship.
Many renters find it hard to ask their landlord’s permission, so they resort to doing it undetected. And it’s only a matter of time before their landlords find out about it. If you think about it, your landlord might be open to that option, but because you left him uninformed of the situation, chances are you will be evicted from the property and, of course, the one who’s renting it. That leaves both of you looking for a new place to live in entirely.
Now that you know where this is going, we have prepared a few points that you need to reckon with as you work your way to get that approval from your landlord.
Review your rental agreement
Before taking any action, you should review your rental agreement. A rental agreement is a legal document that encapsulates the set of rules that a tenant and landlord should follow. If the document says that tenants are not allowed to sublet even a part of the property without the landlord’s consent, you should honor it with full respect.
Subletting is a term used when you rent out the totality or even a portion of the property. A landlord has every right to evict his tenants should there be a violation of the said rule. In some cases, landlords warn tenants never to do short-term renting again anywhere on the building premises. So allot time to note the documents you sign with your landlord to mitigate any breach of contract.
Get to know the local Laws imposed
Every city in every state has specific laws they impose. Besides your rental agreement, you have to know if the city allows short-term renting or prohibits you from trying it out. Airbnb stated that these laws are implemented as part of the city’s zoning and administrative codes.
Apartments and condominiums have covenants, conditions, and restrictions (CC&Rs) that block affiliations with short-term rentals or subject them to restrictions. This is common to these types of buildings, so if you’re renting one, consult your condo board first before you actualize your plan in short-term renting.
Some places never allow working with home-sharing spaces. Some buildings only allow at least 30 days of stay or beyond. Others will force you to register, get a license, and pay your tax before you can start renting it out legally. It will vary from each city as you’re also getting permission not just from your landlord but from your local government as well. If you’re unsure how local laws work from where you are, you can always visit their website or ask someone you know who is familiar with it.
Design mutual rules that benefit both parties
As others say, “…think like a landlord”. No one better understands a landlord than a fellow landlord. Their brains are wired to this kind of industry, and you have to think like them or at least propose offers that pique their interest.
Get inspiration from the rental agreement you have with your landlord and construct mutual rules that will comprise everyone living in the building. You can include:
- A portion of your income will be given to your landlord.
- A notice that no tenants will be disturbed if you are to rent out the property for the short term.
- A policy on pets.
- No partying, smoking, or even allowing unnecessary guests to come in and out of the property.
You can build your own rules as long as it’s beneficial to both parties. Some landlords require you to obtain renter’s insurance should there be damages incurred by your guests during their stay.
Guest screening is “Always” an essential procedure
Landlords have done this step a couple or several times already, and now it’s your turn to screen prospective guests. Guest screening allows you to check and review a certain profile that shows interest in booking your property. With the help of Airbnb’s innovative features, you can now check their information as the platform will tell if the guest has a verified identity or not.
You can also read the reviews left there by their previous hosts. There are materials online that you can read and apply as you screen your guests. You can also take advantage of property management companies’ services – they take most of the workload for you.
Important Note: Airbnb has got You Covered
You can always refer to Airbnb’s $1,000,000 insurance guarantee to hosts worldwide. The home-sharing platform aims to build trust between them and hosts as accidents are inevitable, and hosts can ease their minds knowing that the property is insured in which you can claim as long as you have proof of the damages caused by the guests.
Security deposits can be claimed should there be missing objects taken by your guests or minor damages that can be fixed or replaced within a short period of time.
We hope this article helped you in conceptualizing how you can introduce Airbnb to your condo board, landlord, or property owner. Did you find it useful? Let us know what you think, and we will do our best to reply to your queries!
If you need assistance with guest screening and hosting management, you can call us at +1 (587) 570-7355 or email us at email@example.com.