10 Common but Debunked Home Sharing Fears

Home sharing can be a profitable arrangement for multifamily property owners and residents when measures are in place to streamline and secure the process. But many property owners don’t know how to enable those safety measures. As a result, home sharing can be a fear-inducing subject. In this article, we’re going to focus on 10 common but debunked home sharing fears. Home Sharing Will Ruin the Community While it’s true that home-sharing arrangements may, under certain circumstances, cause additional traffic and noise in the area, there is a right way and a wrong way to enable home sharing. The wrong way to enable home sharing is to allow residents to do it solo, with no visibility to the property owner and no controls in place to monitor noise and guest activity in the building. In partnership with Airbnb, Migo by RealPage® enables home sharing the right way by bringing transparency, organization and control to the home-sharing process.  Home Sharing Presents a Public Safety Danger While multifamily communities and their surrounding neighborhoods have experienced some home sharing-related safety issues, mostly from full-time, short-term rental units that are booked and managed “under the radar” from the property owner with no controls in place to mitigate issues.  Migo enables home sharing the right way by working with Airbnb to perform identity verification. Potential guests must upload an ID that is then run through various criminal and background checks. They will be able to see Migo properties only if they are “ID verified”; otherwise, they will be limited to traditional Airbnb results. Migo also provides noise-monitoring services and restrictions on the amount of home sharing that can take place in order to eliminate the ability for a resident to run their apartment full-time on Airbnb. Home Sharing Will Lead to Property Destruction Property destruction is a concern for multifamily...