Short-term rental properties are popping up all over the U.S., in large part because companies like Airbnb, Vrbo, and HomeAway are connecting would-be renters to property owners looking to lease out their spaces. Sounds perfect, right? For the neighbors of these rental properties, however, maybe not.
Airbnb is exploding in popularity. While it is convenient for renters and owners, next door neighbors have serious concerns about its impact on the neighborhood.
Porch, a free home network, surveyed nearly 1,000 people on the concerns they have about having Airbnb renters in their neighborhood. Some of their findings include:
- The top three concerns of people against short term rentals? Nearly 2 in 3 people believe it would disrupt the peace, cause safety issues, and allow unvetted strangers into the neighborhood
- 40% of all respondents believe their home values would decrease if their neighbor turned their home into a short-term rental, while 50% would feel less safe
- Regardless if they approved or disapproved of short-term rentals in their neighborhood, nearly half of respondents were concerned they would cause more noise while a third were concerned about additional traffic.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.