Potential Impact to Short-Term Rentals: Airbnb and VRBO Investment Properties
In this segment let’s explore the potential impact to short term rentals. Short-term rental opportunities were already under fire before this happened with many of the City/Local governments and HOA’s. Now we will be much more conscious with sanitation along with potential surveillance equipment violating our privacy and with the threats of potential liabilities, this could be a game changer. Now don’t get me wrong, I’m quite sure there will still be a market for this space, but the short-term rental landscape is likely going to change. In fact we might see a flood of these properties hitting the marketplace in the not too distant future because many of these owners may no longer be willing to take on that risk. Time will tell.
Rebound with Hospitality?
The hospitality industry will be making some very serious changes in how they attract guests in the future. They have the resources to do what needs to be done to make us feel safe. Moving forward we should take full advantage of that and with the deals that will likely be out there to bring customers back!