GREENSBORO, NC — Whether for business or leisure, Airbnb has captured the attention and funds of travelers since the company was founded in 2007.
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Justin Miller owns a dozen rental properties that are for rent on Airbnb, and 10 of those properties are in Greensboro
Greensboro proposed short-term rental regulations
Asheville, Raleigh and Wilmington are other cities that have imposed short-term rental regulations
Justin Miller is the president of Greensboro-based Miller Rentals and Investments. Miller has a dozen properties for rent on Airbnb, almost all of them in North Carolina.
It all started when Miller was traveling for work and hotels were getting too expensive. His first interaction with Airbnb was when he stayed with a young couple in South Carolina, on and off for months. That’s when he decided to rent out an empty room he had in his North Carolina home and where his business was started.
“Some of them are the ones we own as a business, and a lot of the properties are also owned by the investors. Some live in Texas, South Carolina, Florida, and they use it as much as a second home as well as a investment property,” Miller said.
Airbnb has also caught the attention of many cities. Greensboro will now join Asheville, Wilmington and Raleigh in tightening short-term rental regulations. These will be put in place to better serve landlords and tenants.
“In the end, I think it’s good. There’s a lot of people in this industry who just find out like, ‘oh, there’s money to be made in the real estate industry’, and so they just take a house and throw lipstick on the pig if you want and throw furniture and hope it will rent. I think with regulation comes quality,” Miller said.
The Short-Term Rental Policy applies to units rented for less than 30 days. The number of these available rentals continues to increase.
“We’ve gone, in the city of Greensboro, if I’m not mistaken, to almost 500 properties,” Miller said.
Most people choose Airbnb properties because of the convenience of location, lower costs, and local experience, but that’s not always the case.
“We had an incident where a group of college students booked this property, and they brought in about 100 cars and lined the streets,” Miller said.
Parties and large gatherings are one of the main concerns addressed in the latest proposed short-term rental regulations.
This proposal also includes limitations on the number of adults per room, a two-night minimum stay, a point of contact for property issues, the breakdown of home stay rentals and whole house rentals, as well as zoning and lease permits.
“I’m very much in favor of permits because I think having that kind of regulation and knowing that all the students in the city center prevents students from subletting their university unit to have a party, which happens a lot,” said said Miller.
The requirements that will be put in place are something most people look for when traveling, giving them peace of mind and peace within the community.
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