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I have ratted out two places in my South Granville apartment building that were permanent AirBNB's. My place is good value, and well run, and I believe someone
by nacho2sweet 10y ago
I have ratted out two places in my South Granville apartment building that were permanent AirBNB's. My place is good value, and well run, and I believe someone should have the chance to live in it.
- vkou 10y agoDid anything happen to the owners? Strata fines? Citations by the city?
- nacho2sweet 10y agoMy whole apartment is owned by a single company. I think they kicked them out. We are allowed to sublease for 6 months of the year, but you have to have the person sign a liability contract with the owning company, and they have to stay minimum 30 days. TBH I am going on vacation for 3 weeks and I want to AirBNB my place out, but I think that is the proper way to use the service. The market here doesn't support the cash flow to buy and rent condos unless you have a lot of cash, because the wages don't match what one could afford. That Rich Dad Poor Dad shit doesn't work. So someone buying a condo can get like $1600/month, but their mortgage, maintenance, and property taxes are going to be like $3000/month. However I think a case could be made for buying and AirBNB'ing if you are good at it. My gf is a strata lawyer, and I have heard horror stories of people owning 10+ condos in a single building and AirBNB'ing them all out.
- deleted 10y ago[deleted]