Technology as we know it has definitely changed things in regards to vacation properties all over the world. Websites like Airbnb that connect property owners to potential clients has bridged the gap of the middleman and it is indeed more profitable. The rise in profits for Airbnb in just the last 2 years is huge with more and more people opting for this attractive option. When an owner successfully rents out their property on Airbnb or another site, there is no realtor or anybody else to pay fees to. While this spells good news for the owners, recent findings are showing that there are problems with these kinds of arrangements but this is mostly for the people who are wanting to rent the properties.
Renting a property this way is a much more casual arrangement and it doesn’t offer the same type of protection than if you were to rent a condo or villa through another company, acting as a third party between yourself and the property owner. What if something goes wrong with the transaction? What is the person you are renting from doesn’t deliver on everything promises? There are so many things that could go wrong with renting from Airbnb and while clients do have to be verified and reviews are available through the website, this still is not foolproof and there could still be issues along the way.
It has been shown that younger people, millenniums if you will, are more inclined to rent a vacation property through Airbnb or similar. Older people will tend to stick to the old-fashioned route of renting and there are advantages to both of these methods depending on exactly what you are looking for. I urge you to consider your options before you find a rental property for hire in North America or indeed, anywhere in the world.