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Airbnb: body corporates move from prevention to enforcement
Airbnb has gained much ground in South Africa, and participating property owners are making so much money from it that many sectional title complexes and estates have given up trying to stop it.
Rather, they are focusing on holding those owners accountable for any security, maintenance and conduct issues.
The latest Airbnb figures indicate there are more than 43 000 hosts in the country letting space in their homes for an average 19 nights a year, and making R25 000 annually.
Andrew Schaefer, managing director of property management company Trafalgar, says some owners acquire property for this purpose.
Many find they can make at least R25 000 a month by letting Airbnb apartments in highdemand holiday destinations and commercial centres.
Schaefer says it has proved difficult for body corporates and homeowners' associations to stop this activity, even though other owners and long-term tenants complain about conduct rules being breached by shortstay tenants.
Read more: Airbnb: body corporates move from prevention to enforcement
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A newspaper claimed on Wednesday that former president Jacob Zuma warned Zimbabwean opposition leader Nelson Chamisa against joining forces with a new party linked to former president Robert Mugabe.Chamisa leads the Movement for Democratic Change (MDC) Alliance...
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Cape Town - On Thursday, Schalk Brits was named on the Springbok bench for Saturday's third Test against England at Newlands. Exactly 10 years earlier, to the day, on June 21, 2008, the now-37-year-old made his Springbok debut at the same venue off the bench...
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It is ordinary South Africans' turn to speak about expropriation – Constitutional Review Committee It is now the turn of ordinary South Africans to speak up about expropriation...
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Land expropriation: Here's when Parliament's public hearings will be held in your province Parliament's Constitutional Review Committee - which is looking into...
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