100 million users worldwide are now using AirBnb to find temporary accommodation, and your tenants might be profiting from it. In a case believed to be the first of its kind, a Wellington couple were deemed to be in breach of the Residential Tenancies Act when it was discovered they had sublet their property without the knowledge of their landlord or property man-agement agency, pocketing a tidy $1,568. They have since been ordered to pay $1,300 to the landlord. Tenants are see-ing dollar signs with Airbnb. Here’s what you need to know about Airbnb and your rental property.
Since its inception in 2008, Airbnb has become to short term accommodation what Uber has become to taxis.