Based on the success of AIRBNB Real Estate Investing an Airbnb-powered apartment complex seems to be a logical next step. That is happening throughout the country now.
The financial benefits of operating short-term rentals are appealing to certain real estate investors, but also to professional or institutionalized property investors. A hybrid operation of some annual and some short term makes sense for bigger apartment complexes in the right locations.
Airbnb-powered apartment complex: Newgard Development Group.
Airbnb announced a $200 million investment to bring the home-sharing company’s branded apartment project to cities across the U.S. Miami-based Newgard Development Group is partnering with Airbnb to do this. Niido, a 324-unit building just outside of Orlando in Kissimmee, will feature hotel-like amenities and encourage tenants to sublease their spaces online. In a Niido Powered by Airbnb building, tenants are encouraged to rent out their units on Airbnb and, in return, their landlord (Niido/Newgard) collects a 25 percent commission whenever they short term lease their unit. Like most new concepts in the economy, they have encountered some friction along the way. To make a historical point, a lot of people were against the motor car versus horses.
Airbnb-powered apartment complex: Niido Nashville.
Niido Nashville features resort-style services and amenities including an on-site MasterHost, resort-style pool, and much more.
Airbnb-powered apartment complex: Niido Orlando.
Niido Orlando is built on 12 acres, it was the first Niido Powered by Airbnb community, it includes 324 luxury apartment homes. Niido Orlando is located minutes from Disney World.
Airbnb-powered apartment complex: Management challenges.
- Insurance, what coverage do I need?
- Managing bad reviews.
- Housekeeping and clean up.
- Systems and protocols for demanding guests.
- Finding the property software to manage Short Term Rentals
- Maintaining an accurate and synchronized calendar.
- Understanding and complying with local regulations and collection of the required taxes.
See you at a meeting soon!
The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
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One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon!
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source https://swflreia.com/2019/01/21/airbnb-powered-apartment-complex/
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