re: Short Term Rentals

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What impact do short term rentals like Airbnb have on local residents and homeowners? I've read that it can increase property values due to the potential income, while also increasing long term rental value. But what does it do to neighborhoods and homeowners?

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Where is this coming from? It sounds like you are doing a survey for a class project or something? Are you on an HOA, or honestly just curious?

First off, it all depends on where your property is located.

Yes, generally speaking you can make more money off of short term rentals than long term rentals. Especially places like big cities. You have flats or small apts that may rent for $1,500-2000 a month that may be short term rented $100/ night of more.

Resale value has a relation to rents, so if a property now rents for more it may sell for more.

Don't forget that higher resale, property value, and short term rentals have sales tax so your local government should love the increased tax revenue.