We interviewed Merilee Karr, President of the UK Short Term Accommodation Association and CEO of the UnderTheDoormat Group on how short term and flexible rentals are reshaping the multifamily landscape and improving yields for owners. The session will cover the property lifecycle, the risks and rewards, the technologies and leave you with the three things you need to consider to take advantage of this fast growing market.
An evolution in apartment living is currently taking place. The urban renter needs the financial freedom and flexibility to live, work, travel, and experience life on their schedule now more than ever post Covid. Conversely, apartment owners are not inclined to give up the security of standard 12-month leases in favor of more short-term or flexible living accommodations. In a post-Covid landscape riddled with urban occupancy issues and socioeconomic turmoil, it is critical that apartment owners find a way to satisfy their residents’ demands for more “flexible living” and financial wellbeing while also continuing to increase revenues and maintain occupancy.