AirBnB has had a lot of changes over the past 23 years and the dynamics of being a short term rental landlord have changed. With the introduction of new licensing and lower demand in the downtown Toronto core, many AirBnb units were sold/converted to long term rentals leaving a fraction of the available STR units available for rent, driving prices up.

In this conversation I explore the AirBnb landscape with Alec from Park Place Properties where we talk about how short term rentals have evolved, where the opportunity is, and his expansion into the US market (Miami in particular).

https://parkpl.co/

Vassil Staykov, CPA, Broker | City Estates

Book an appointment: https://calendly.com/vas7/15min
Text/call/email Me Directly (647) 4961133 or [email protected]
https://www.cityestates.ca


Timestamps:

0:00 – AirBnb Intro – Downtown Toronto
1:37 – What is Park Place Properties?
4:30 – AirBnb Buildings
8:40 – Toronto Condo Market Overview
13:48 – US vs. Canada for Airbnb
16:58 – AirBnb Financials
22:40 – Trashed Units
24:57 – Miami/USA AirBnb scene
41:55 – Who uses Park Place Properties?