Here's What You Need To Know Today
- Airbnb announced last evening they will be extending their extenuating circumstances policy to from April 14th to May 31, 2020. To lesson the ongoing blowback from hosts, they also announced they have a $250 million fund to pay hosts 25% of the funds they were owed under their cancellation policies. Additionally, they announced a Superhost Relief Fund where Superhosts will be eligible for a $5k grant. On the call, Chesky also implied that Airbnb hosts and cleaners should be eligible for expanded unemployment benefits thanks to their lobbying efforts and 100,000+ hosts contacting the U.S Congress.
- Local Property Managers and Airbnb Hosts are putting competition aside to lobby together for refunds on local property taxes, licensees and fees. One of our readers Ray reported that he is on an email thread of 250+ hosts/PMs and they ll wrote and signed a letter to request $350/person back in town STR licenses. That's $87,500 total. The local group of STRs are also asking for credits on property taxes, since most of the homes aren't producing income at this time. Respond to this email if you would like the anonymous letter template Ray sent me.
- The SBA Loan Application servers are working better today.
- Check out this booking platform for Travel Nurses looking for furnished apartments. "One of the most utilized travel nurse housing company is Furnished Finders. The emergence of housing companies like this is good for the industry overall because they cater to the unique needs of travel nurses. IN addition, since property owners list their properties on Furnished Finders to advertise to travel nurses, they’re creating more housing options that will rent to travel nurses 13 weeks at a time." - Gypsy Nurse Blog
"The Chinese use two brush strokes to write the word 'crisis.' One brush stroke stands for danger; the other for opportunity. In a crisis, be aware of the danger - but recognize the opportunity." - JFK. (As it turns out this quote isn't factual at all, but I like the premise)
Is your local market lobbying for refunds on local property taxes, licenses, and fees during this difficult time?
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-James von der Lieth