The Impact Of Airbnb on Condominiums: What Your Association Should Know About Short-Term Rentals
An increasing number of homeowners are renting out their properties on a short-term basis. While short-term leasing is not a new concept for homeowners, the increase is due, in part, to the popularity of home-sharing websites such as Airbnb, VRBO, and HomeAway, to name only a few. These websites offer a convenient method for homeowners to connect with out-of-town travelers in need of a place to stay for a night or several nights. Homeowners are able to earn extra income by offering their houses, units, apartments, or rooms for rent to paying guests, and travelers are provided with alternatives to hotel accommodations that are often cheaper than hotel stays. Read the article…………..
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Concealed carry of loaded firearms is now a reality in Illinois, and condominium and town house associations are jittery. More
Condominium sellers customarily pay any upcoming special assessments, but Natalie Renna of Re/Max Vision 212 writes the clause into her