Airbnb
- Thread starter nikki1
- Start date
I haven't run an Airbnb.
But I did read a story on Reddit about a guy who has an Airbnb in Toronto who rented the place for 12 months; June 1, 2018 to May 31, 2019. Now, the guest refuses to leave!
The guest says he is actually a "tenant" and had a 12 month lease, and his "tenancy" is protected under the Landlord Tenant Act, and that the Host needs to get an eviction notice from the Landlord Tenant Board. The police won't do anything (they say it's a legal grey area) and neither will Airbnb.
And the Landlord Tenant Board is backed up right now due to a lack of adjudicators, so it will take months for the Host to get an eviction notice.
Do not rent your place long-term....28 days maximum is a rule most Hosts follow. Anything longer than 28 days in many jurisdictions means the guest has an established tenancy.
But I did read a story on Reddit about a guy who has an Airbnb in Toronto who rented the place for 12 months; June 1, 2018 to May 31, 2019. Now, the guest refuses to leave!
The guest says he is actually a "tenant" and had a 12 month lease, and his "tenancy" is protected under the Landlord Tenant Act, and that the Host needs to get an eviction notice from the Landlord Tenant Board. The police won't do anything (they say it's a legal grey area) and neither will Airbnb.
And the Landlord Tenant Board is backed up right now due to a lack of adjudicators, so it will take months for the Host to get an eviction notice.
Do not rent your place long-term....28 days maximum is a rule most Hosts follow. Anything longer than 28 days in many jurisdictions means the guest has an established tenancy.
Good advice from farquhar. I'm not sure AirBnB would leave someone high and dry. They have to protect their business model and can't have tenants or hosts fucking it up.
nikki1, I would advise you to screen guests who don't have an on-line reputation and/or reveal little about themselves. It's also a good idea to understand what their purpose is for staying in your home and locale. Basically, anyone with a credit card can book an AirBnB.
nikki1, I would advise you to screen guests who don't have an on-line reputation and/or reveal little about themselves. It's also a good idea to understand what their purpose is for staying in your home and locale. Basically, anyone with a credit card can book an AirBnB.
As soon as someone decides to throw a chair off the balcony, the condo management company will pass a by-law banning airbnbs.
I'm a full time Airbnb host and property manager. First off its very lucrative and the Niagara Falls area is booming year round, secondly its way more work than you think its going to be. The most important thing is securing a great reliable cleaner, which is nearly impossible unless you have scale to pay them a full time salary. If you're looking for a property manager DM me 
Bought the property as 'Principal Residence'. Do you know if that allows us to rent it out as Airbnb at least half the year, or is there another threshold?
I'm a full time Airbnb host and property manager. First off its very lucrative and the Niagara Falls area is booming year round, secondly its way more work than you think its going to be. The most important thing is securing a great reliable cleaner, which is nearly impossible unless you have scale to pay them a full time salary. If you're looking for a property manager DM me
Your better off investing your money in something else. There's another way to make money on airbnb, that is being a private tour guide for hire, if you live in one of those high tourist cities.
I agree. I foresee a movement around major cities to pass new laws to ban airbnbs. NYC is one of those cities. Also hotels are fighting back and being more competitive with their rates and offering free cancellation, with airbnb you have to pay %50 up front and it's non-refundable. In fact I predict airbnb platform gone in the near future.
That is what is happening. I own a downtown condo(I have never rented it out). The condo board just implemented a no-bnb rule.
You mentioned your property was near Niagara Falls - one of mine is a 15 minute walk to the Falls. Every city has its own set of bylaws. In my experience there is a big difference between whats the bylaws are and enforcement. I have a property in Montreal and over there regulation is pretty tight, yet only 5% of short term rental hosts are in compliance.. Don't listen to anyone here - if you operate your business correctly you can earn a great return. Worst case scenario you get a few years out of it (making 2 - 2.5 x more than what you would from a tenant) and then you can convert to regular tenant.
I think it will continue adapting. Will it grow exponentially? Most definitely not, but it will adapt.
This market existed long before Airbnb in some shape and form. Airbnb just gave it structure.
I rent out my space while traveling. So far so good. A couple of things through research I found played a big factor into helping me out.
Makes sure your house rules include all the common sense stuff. Like get rid of your garbage, clean up after yourself if you make a mess, don't stain the towels (Mention fee if they are damaged), building staff is not available to you, quite hours, being in a building potential for noise, only put toilet paper in toilet, do not flush wipes or hygiene products, ect.
https://www.airbnbuncovered.com/ I signed up for his blog but nothing came from it, and he has some great tips.
Airbnb like to have the comforts of home so make sure you have the basics of things you have at home. Salt, pepper, cooking oil, soaps, cleaning supplies, ect.
The only issues I have had, is someone expecting a hotel stay over an airbnb (someone's place) and they didn't go over my amenity list very well. And a few stained towels, I typically note if it's the female's time of month please use dark towles and I have a dark set of sheets to use as well.
And cleaning staff, Find someone very reliable to help out and expect them to clean for the 3 hours, between guests check in and out, so charge your cleaning fee accordingly.
I do also have a 2 night min stay to help with the traffic of coming and going from my place.
If you have more questions, I am happy to help.
Makes sure your house rules include all the common sense stuff. Like get rid of your garbage, clean up after yourself if you make a mess, don't stain the towels (Mention fee if they are damaged), building staff is not available to you, quite hours, being in a building potential for noise, only put toilet paper in toilet, do not flush wipes or hygiene products, ect.
https://www.airbnbuncovered.com/ I signed up for his blog but nothing came from it, and he has some great tips.
Airbnb like to have the comforts of home so make sure you have the basics of things you have at home. Salt, pepper, cooking oil, soaps, cleaning supplies, ect.
The only issues I have had, is someone expecting a hotel stay over an airbnb (someone's place) and they didn't go over my amenity list very well. And a few stained towels, I typically note if it's the female's time of month please use dark towles and I have a dark set of sheets to use as well.
And cleaning staff, Find someone very reliable to help out and expect them to clean for the 3 hours, between guests check in and out, so charge your cleaning fee accordingly.
I do also have a 2 night min stay to help with the traffic of coming and going from my place.
If you have more questions, I am happy to help.
