ATTENTION ALL LANDLORDS: Airbnb Invading - Pay ATTENTION

[Patrick Soukup]

Alrighty. I need ALL of your help. In the ‪#‎RealEstate‬ or‪#‎PropertyManagment‬ industry or not, I've got a duplex downtown in a very desirable location. Three miles to Colorado State University and 6 miles to downtown Old Town Fort Collins, Co --- Currently, one of the "tenants" is using the one bedroom/one bathroom and loft as an Airbnb. I wouldn't have KNOWN, but that the neighbors complained of "all the people coming in and out always." She is charging $91/night, taking REALLY good care of the unit (as she has incentive to make it a nice place to stay for STR's - short term renters). She has gotten great reviews by people that have stayed there. SO ---- what do you do? Evict her for violating the lease (subleasing without permission)? Implement a revenue sharing model as discussed on Multifamily Executivehttp://www.multifamilyexecutive.com/…/deal-or-no-deal-airbn… ? OR --- evict/talk her into moving out and start the Airbnb myself? (This would increase my revenue substantially as the duplex is in a very desirable area- but add considerable labor on a monthly basis.) Things to think about: Liability - no background/credit checks --- long term tenant annoyance --- City of Fort Collins, Colorado - Government is currently talking about STR's and how they are going to handle them. Thank you for your input! It is much appreciated.