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"It" is short-term rentals. Though their hands generally are tied by state law, Scottsdale's elected officials again pondered in a recent work-study session how they can help residents who ...
Airbnb, Inc. (/ ˌ ɛər ˌ b iː ɛ n ˈ b iː / AIR-BEE-en-BEE, an abbreviation of its original name, "Airbed and Breakfast" [5]) is an American company operating an online marketplace for short-and-long-term homestays and experiences in various countries and regions.
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The company was founded in 2011 and is based in Scottsdale, Arizona. [3]Backed by Oaktree Capital Management, the company filed for its initial public offering in August 2014 [4] and went public on the New York Stock Exchange later that year. [5]
The proliferation of short-term rentals can affect those in the area who are looking for long-term rentals. [5] Through short-term rental, landlords can make upwards of 30% more than they would on a rent controlled property. [citation needed] Thus landlords convert their properties into short-term rental units
Both short-term and long-term rental owners are required to obtain a business license, but those renting residential property to the same person for less than 90 days must pay 10% state and local ...
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