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"Tenant's current lease appears to grant tenants strong long term rent rate amount restrictions, unconventional method of rental payment, and possible occupancy rights until 2053."
Here’s why some experts believe in the long-term approach over short-term rental platforms. For the full picture, find out some reasons Airbnbs can be better than long-term rentals .
Sonder Holdings Inc. manages short-term rentals, such as apartment hotels, in North America, Europe, and Dubai. [2] [3] It was founded in Montreal, Canada in 2014 and since 2016 has been based in San Francisco, California. [4] [5] Sonder manages over 9,000 units in over 40 cities in 10 countries and has served over 1 million guests. [6]
San Francisco-based technology companies such as Airbnb are actively involved in city politics to advance their interests in the city. In response to Airbnb's impact on the housing market in San Francisco, housing activists have called for restrictions on the company's listing practices to limit the number of short-term rentals in the city.
Rent control laws define which rental units are affected, and may only cover larger complexes, or units older than a certain date. To attempt to not disincentivise investment in new housing stock, rent control laws often exempt new construction. For example, San Francisco's Rent Stabilization Ordinance exempts all units built after 1979. [63]
Rentberry is a worldwide rental platform [8] [9] [10] The users can bid on their rent with the help of the platform. [11] In 2015, Rentberry product prototype raised first investments from 12 international investors. [12] [13] The platform covered only Los Angeles and New York at that time. [14]