When traveling today rental properties give you many accommodations for your stay. Whether you’re traveling to New York or Tokyo, these services provide many options for tourists. Despite their growing popularity, legislators and community members across the world are not happy with the companies who facilitate these stays.
While these companies provide nice options for travelers, the full-time residents of these communities feel otherwise. A major fear of these permanent residents is that other long-term tenancies will switch to short-term rentals. This, in turn, will change the outlook and atmosphere of their communities. Many community members have these fears for good reasons, the largest issues have included, harassment from renters, tenant expulsions, and daily disruptions.
Since their founding in 2008, these companies have been at the center of much controversy. They have been blamed for rising home prices, changing employment dynamics, and taking from city tax revenue. Even with these concerns, their popularity hasn’t declined.
Because of these fears, some new restrictions have been placed on these rental properties depending on their location. New York has been subject to a new bill that would require online rental services to release host data, that would hopefully restrict commercial operators.
- Amsterdam has restricted entire home rentals to become limited to 60 days a year
- Berlin participants are required to have a permit if they are renting out 50% or more of their residence, even if only for a short period
- Palma has announced a ban on short term rentals
These rental providers are on a path for continuous growth. One of these companies has a goal to host 1 billion guests each year by 2028. Because of this ambition, more controversy is likely to occur.