As the short-term rental platform continues to reshape the way people travel and find accommodations, the ripple effects in the housing industry are impossible to ignore. In this episode, Adrian Trott and Ariel Kormendy delve into the evolving world of Airbnb and its profound effects on the real estate market.
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0:16 – Intro
1:40 – Cleaning fees have gone up
4:35 – Cleaning up after yourself even after paying for a cleaning fee
5:20 – Many Airbnb hosts do not aspire to be Super Hosts anymore
6:32 – The reason why customers are reverting back to hotels
7:09 – Higher interest rates triggered the hike in rental prices
14:55 – Evicting a tenant comes with a lot of difficulties
18:16 – AirBnB is going through changes
18:57 – The number of Airbnb listing have jumped ten times since 2015
20:37 – Outro/recap
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In 2011, Ariel Kormendy and Adrian Trott formed The Kormendy Trott Team, now often referred to as KT (thanks to our logo!). The foundation of KT is built on providing unmatched value and attention to detail in everything we do. From our ever-expanding, comprehensive list of exclusive services to our expertly trained team, you will receive the highest level of care throughout your entire real estate journey.
Originally a team of two in Milton, Ontario, the KT Team has grown into a large team of exceptional REALTORS®, a client-care department, and now includes KT media, KT Commercial and KT Property Management to provide our clients with a complete lineup of genuine, professional, and proven services across Halton Region, Peel Region and the surrounding Regions within the Greater Toronto Area.
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