[Austin | Natiivo | 358' | 33-Stories | Complete]

On 11/23/2019 at 7:09 PM, The ATX said:

This is a new concept for Airbnb.  This and one in Miami are the first two.  The condo owners are not allowed to live in their condo for more than 30 days per year and must rent them out for the other 11 months.  Airbnb will furnish and maintain the units.  I'm not sure about that arrangement, but the units are 30% reserved.  Also, the tower crane was scheduled to go up this weekend.

Just an FYI correction.

Condo owners are not allowed to stay in unit for more than 30 consecutive days in a row (Not limited to 30 days per year). So, the owner could darn near live there year round, just be out one day per month. I have a 2 bedroom under contract. Plan to use it year round as a 2nd home and rent it out otherwise. The hotel staff can rent/manage it for me for a fee or I can rent it on Airbnb myself for the normal much lower fee.