Quote from @Kendall Moore:
Hi I have a multi-family2 unit property in Houston, Tx . Not sure what or if I should do anything. I use one side for an airbnb myself. I rent the other unit out. I have a renter, the gentleman that was listed is in his 70s. I thought it was strange for a 70 year man to want a 3 bedroom 2 bath unit with all of the bathroom being on the second floor. I rented the place to him because he met the requirement for the rental income. I have since notice that he had not once visit the property (a younger couple comes by) and I now see the unit listed on airbnb. In the lease agreement it states the property is to be use for personal use by the renter only. I will say that the unit I placed on airbnb does not make more than what I could rent the unit. I am concern that my unit will have to compete for listing on airbnb with a unit I plan to rent out. Should I say anything to the renter or just let it be as long as they pay the rent every month. I plan to stop airbnb my unit next soon and likely will rent it out.
I think theres a few things to consider here..If its on AirBnb its likely getting cleaned a lot more than it would by a long term renter, your appliances are probably getting used a lot less than a long term renter, so theres 2 Win's for you. I do think it would compete against yours if similar size, and it may be more of an insurance risk. Finally, you could tell him you know that he has it listed on AirBnb and the lease states he cannot do that, but you are willing to keep letting it happen for an increased rent amount.
