I’m biased on this subject. I have to say that out front. For many years I owned two small condos in Vail and Beaver Creek which my agent leased out to skiers on a long-term AND a short term basis. The rents were the only thing that allowed me to financially own the two properties. And they were always available to my families during ski season and during the wonderful Vail summers.
Good experiences, and bad. I did get stuff stolen. I did have the two apartments trashed. In absolutely every case the damage was done by long-term tenants. The short-term tenants were respectful of my belongings and my interior improvements and they never cost me a penny in damage. Long-term tenants were a nightmare. They stole furniture, bed sheets, draperies, silverware, you name it.
So when AirBnb came along, providing homeowners with a way to provide housing for short-term guests I was all for it. ALL FOR IT! In my experience, temporary short-term guests were more respectful, more responsible, and they helped me pay for two condos I couldn’t otherwise have afforded. And during all those years of ownership, I never once got a complaint from management. AirBnb makes sure all clients submit references and they’re constantly monitored by the service to weed out travelers or homeowners who don’t follow the rules.
Oh, but those nasty HOAs are trying to put their fists where they don’t belong. A couple in Denver’s Baker neighborhood have hoisted a banner demanding an end to the AirBnb service. And the City of Boulder has issued a couple dozen cease and desist orders against homeowners who use AirBnb to lease out their homes.
Idiocy. Absolute idiocy. If my experience is any example, you definitely DON’T want to lease your home to long termers. Those travelers who stay there just a few days are the most respectful tenants you’ll ever meet.
But maybe that’s just me.