From CNET: Most landlords don't allow tenants to sublet their apartments on Airbnb. That's because it typically comes with increased risk and no profit for them. But a major landlord in Florida is trying something new: working with Airbnb.
Airbnb said Thursday that it's partnering with Newgard Development Group to allow for short-term rentals in a 324-unit building in Kissimmee, Florida. Tenants who live in this building can freely put their apartments on Airbnb for up to 180 days per year. The catch is that they have to share the income with Newgard.
This partnership "eliminates barriers by encouraging home sharing and creating solutions that work for everyone," Newgard CEO Harvey Hernandez said in a statement.
In just under a decade, Airbnb has gone from a website for couch surfers to having a massive online presence. It lists millions of homes for rent in almost every country on earth. That growth, however, has come with challenges.
The company has waged extended battles with landlords, regulators and housing advocates in major cities around the world, including San Francisco, New York, Paris, Berlin and Barcelona. So, over the past year, the company has been working to make nice with lawmakers while also shift its business model.
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