Airbnb and other short-term rental services make it easy for “hosts” to find willing renters for their spaces.
Before that can happen, though, they need a space. And for that, they often need a broker.
Brokers, both sales and rental, are encountering an increasing number of clients who – openly or otherwise – seek units they plan to market through the services, sometimes “commercially,” as de facto hotels.
The Real Deal spoke to a handful of agents navigating this 21st Century problem and encountered a range of responses: from solicitude to suspicion.
“We’re seeing a lot of people who want to cash cow their investment,” said Frances Katzen, a luxury broker at Douglas Elliman.
She described ... Read More