After five young lives were tragically lost during Halloween night at an "Airbnb Mansion Party,"
the SF Chronicle asked us
who will pay for the horror wreaked in the property and we chimed in.
Given the gravity of the situation, we felt obligated to cover the tragic events more in-depth
in our latest blog
.
This is a very serious issue. Owners should pause and take a hard look at the risks that are attendant to short-term rentals because although Airbnb swiftly reacted by engaging in “damage control” and vowed to clean house of bad actors, technology is no substitute for human judgment.
On a less grim note, the maximum allowable rent charged to a manager who is required to live on site as a condition of employment will increase in 2020. Ditto for the maximum amount of discounted rent that may be credited to the wages owed to the manager. Since hiring, compensating and terminating resident managers is tricky, we asked an exceedingly capable friend and colleague to
break it down here
.
Finally, we are almost ready to make the announcement that our firm can assist you or your clients in preparing a master lease that is compliant with the many moving parts of state law.
Dedicated to cauterizing risk and helping you make the most informed decisions in your real estate business,
