The use of online platforms that facilitate short-term rentals has exploded in popularity over the past decade. Websites like Airbnb and VRBO connect property owners or “hosts” with guests to arrange the listing and booking of homes for long weekends, summer breaks, and more Since its launch in 2008, Airbnb has earned more than $3 billion. Reportedly, the company is raising cash at a $31 billion valuation, making it the second-most valuable startup in the U.S., trailing only Uber. Until recently, these rental platforms have largely operated without regulations, leaving local jurisdictions scrambling for solutions. Read the article…………….
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