Miscellaneous
$3.7 Billion Dollars. That's the size of the tourism industry that employs more than 45,000 Idahoans and generates over $475 million dollars in local, State, and Federal taxes saving Idahos over $700 per year in property taxes.In this episode, I go over the benefits and not so beneficial characteristics of Short Term Rentals and Airbnb's in our area. The benefits of Short Term Rentals (STR's) for neighborhoods and for the City of Boise are often overlooked and are instead replaced with hearsay and negative assumptions. Obviously there are bad players in any sport and STR's aren't immune to absent owners or "list it and forget it" property managers. In my experience, however, Airbnb's that we manage are an asset to the neighborhoods in which they're located and are generally in a higher quality condition than surrounding homes.With quality management, Airbnb's can greatly benefit the neighborhoods, communities, and cities where they exist. This isn't just a cool idea, it's an actual fact._________________________Links & Resources:Shared Opportunities: How Airbnb Benefits CommunitiesIdaho Commerce | Tourism ResourcesEconomic Costs & Benefits of AirbnbWhy Cities Should Embrace AirbnbEconomic Impacts of Airbnb