Airbnb hosts to get relief in coronavirus stimulus bill

[James Carlson]

Looks like Airbnb hosts will get some relief under the coronavirus stimulus package about to pass Congress.

The current language includes two provisions that could help short-term rental owners that are struggling:

1. Hosts testing positive for Covid-19, or hosts with family members testing positive with the virus, would be eligible to apply for unemployment benefits.
2. Hosts are also eligible to apply for small business loans to cover your mortgage and utility bills and possibly independent contractors like cleaners.

This will be welcome news to a lot of our clients in Denver and Colorado Springs (as well as Erin and I, as we own an STR duplex in the Springs with some partners). I know we've been scrambling to get medium-term renters in there, like traveling nurses or others.

There's a small blip here written by Reuters.

[Tim Schroeder]

I don't see the point in loans. My losses for March and April and probably more are permanent losses, so what good is a loan? If it's to cover the mortgage, then that implies I have no reserves, and I'm a fool and have no business being in this business.