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Short term rentals to be taxed in Culver City after agreement with Airbnb
Reading Time: < 1 minuteUnited States: Culver City will soon be collecting taxes on short-term rentals made through Airbnb after the city council instructed staff to enter into a voluntary agreement with the short-term rental platform. The decision was made last week as elected officials instructed city staff to seek a transient-occupancy tax voluntarily through an agreement with Airbnb. […]
Landlords in Dubai turning to short-term rental homes for income
Reading Time: 3 minutesDubai: Dubai’s property landlords are increasingly opting to take in travellers staying for five days or more via sourcing platforms offering short-term rental options. In doing so, it benefits the wider market for short-term stays as brand new apartments and villas are being used, rather than sitting empty before a full-year tenant shows up. Vinayak […]
Seaside hotspot residents in Australia out-priced by Airbnb renters
Reading Time: 2 minutesAustralia: Wealthy tourists could be forcing seaside hotspot residents out of their homes as Airbnb provides investors with healthy income streams. The CEO of RiskWise Property Research, Doron Peleg, warned long-term renters were also being impacted in areas such as Byron Bay as they were unable to pay the same rates as short-term letters. Peleg […]