--- title: Is an Airbnb Right for Me? description: Is an Airbnb right for you? Read this blog to find out. image: https://blog.goosmannlaw.com/hubfs/96422035_s.jpg --- [![Goosman Lawfirm](https://blog.goosmannlaw.com/hs-fs/hubfs/Goosmannlaw%20October2017/images/Goosmann_Law_Firm_logo_4C-white.png?width=1250&name=Goosmann_Law_Firm_logo_4C-white.png "Goosman Lawfirm")](http://goosmannlaw.com/) - [COVID-19 Toolbox](https://goosmannlaw.com/covid-19-resource-toolbox/) - Our Team - [Attorneys](https://goosmannlaw.com/attorneys/) - [Non-Attorney Staff](https://http://goosmannlaw.com/non-attorney-staff/) - Practices & Industries - [Practices](https://goosmannlaw.com/practices/) - [Banking & Finance](https://goosmannlaw.com/banking-finance/) - [Bankruptcy, Restructuring & Workouts](https://goosmannlaw.com/bankruptcy-restructuring-workouts/) - [Business](https://goosmannlaw.com/business/) - [Divorce & Family Law](https://goosmannlaw.com/divorce-family-law/) - [Employment](https://goosmannlaw.com/employment-law/) - [Environmental, Health & Safety](https://goosmannlaw.com/health-safety/) - [Estate Planning](https://trustlawcounsel.com) - [Gestational Surrogacy & Adoption](https://goosmannlaw.com/gestational-surrogacy-adoption/) - [International Law](http://goosmannlaw.com/international-law/) - [Litigation / Trial Law](https://goosmannlaw.com/litigation-trial-law/) - [Local Counsel](https://http://goosmannlaw.com/local-counsel/) - [Mergers & Acquisitions](https://goosmannlaw.com/mergers-acquisitions/) - [Rapid Response](https://goosmannlaw.com/rapid-response/) - [Industries](https://goosmannlaw.com/industries/) - [Agribusiness & Cooperatives](https://goosmannlaw.com/agribusiness-cooperatives/) - [Construction](https://goosmannlaw.com/construction/) - [Cyber Law and Telecommunications](https://goosmannlaw.com/cyber-law/) - [Education](https://goosmannlaw.com/education/) - [Health Care](https://goosmannlaw.com/health-care/) - [Manufacturing](https://goosmannlaw.com/manufacturing-law/) - [Multifamily Housing](https://goosmannlaw.com/multifamily-housing-law/) - [Non-Profit & Tax Exempt Organizations](https://goosmannlaw.com/non-profit-law/) - [Real Estate](https://goosmannlaw.com/real-estate/) - [Transportation](https://goosmannlaw.com/transportation/) - [Tribal](https://goosmannlaw.com/tribal/) - Our Firm - [Firm News](https://blog.goosmannlaw.com/firm-news) - Careers - [Attorneys](https://goosmannlaw.com/careers/attorneys/) - [Administration](https://goosmannlaw.com/careers/administration/) - [Internships](https://goosmannlaw.com/careers/internships/) - [Client Testimonials and Results](https://goosmannlaw.com/our-firm/client-testimonials-and-results/) - [Culture, Diversity, and Community](https://http://goosmannlaw.com/our-firm/culture-diversity-and-community/) - [Women-Owned Business](https://goosmannlaw.com/our-firm/women-owned-business/) - [Associations & Memberships](https://goosmannlaw.com/associations-memberships/) - [Firm History](https://goosmannlaw.com/firm-history/) - Blogs - [CEO Law Review](https://blog.goosmannlaw.com/ceo-on-your-side) - [Construction Lawyer](https://blog.goosmannlaw.com/construction-lawyer-on-your-side) - [Cyber Lawyer](https://blog.goosmannlaw.com/cyber-lawyer-on-your-side) - [Deal Maker](https://blog.goosmannlaw.com/deal-maker-on-your-side) - [Divorce Docket](https://blog.goosmannlaw.com/divorce-lawyer-on-your-side) - [Food for Thought](https://blog.goosmannlaw.com/agricultural-lawyer-on-your-side) - [HR Legal Insider](https://blog.goosmannlaw.com/human-resources-on-your-side) - [Law Doc](https://blog.goosmannlaw.com/health-lawyer-on-your-side) - [Paralegal Review](https://blog.goosmannlaw.com/paralegal-review/) - [Real Estate Lawyer](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side) - [Risky Business](https://blog.goosmannlaw.com/risk-manager-on-your-side) - [The Banker’s Suit](https://blog.goosmannlaw.com/banking-lawyer-on-you-side) - [Trial Law Review](https://blog.goosmannlaw.com/trial-lawyer-on-you-side) - [Trust Law Counsel](https://blog.goosmannlaw.com/estate-planning-laywer-on-your-side) - Resources - [COVID-19 Resource Toolbox](https://goosmannlaw.com/covid-19-resource-toolbox/) - [Podcast](http://podcast.goosmannlaw.com/) - [Videos](https://goosmannlaw.com/videos/) - [FREE eBooks & Tools](https://goosmannlaw.com/free-ebooks-tools/) - Contact Us - [Office Locations](https://goosmannlaw.com/locations/) - [Sioux City Law Firm](https://goosmannlaw.com/locations/sioux-city-law-firm/) - [Sioux Falls Law Firm](https://goosmannlaw.com/locations/sioux-falls-law-firm/) - [Omaha Law Firm](https://goosmannlaw.com/locations/omaha-law-firm/) - [Spirit Lake & Spencer Law Firms](https://goosmannlaw.com/locations/spirit-lake-and-spencer-law-firm/) - [Real Estate Closings Office](https://goosmannlaw.com/locations/real-estate-closing-office/) - [Submit a Testimonial](https://goosmannlaw.com/submit-a-testimonial/) - [Sign Up for Our Newsletter](https://goosmannlaw.com/sign-up-for-our-newsletter/) - [Pay Online](https://goosmannlaw.com/pay-online-3/) - [  (855) 843-4531](tel:855-843-4531) ![](https://blog.goosmannlaw.com/hubfs/Blog_Images/Lockbox%20Lawyer/close-button.png) [tel:855-THE-GLF1](tel:855-THE-GLF1) [Real Estate](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/real-estate) # [Is an Airbnb Right for Me?](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/is-an-airbnb-right-for-me) By [Alex Berenstein](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/author/alex-berenstein)   |  28, January 2019 [READ NOW](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/is-an-airbnb-right-for-me) [Read Post](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/is-an-airbnb-right-for-me#article) [![](https://blog.goosmannlaw.com/hs-fs/hubfs/Alex%20Berenstein%20headshot_Cropped%2072dpi%20Webpage.png?width=60&name=Alex%20Berenstein%20headshot_Cropped%2072dpi%20Webpage.png)](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/author/alex-berenstein) [Alex Berenstein](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/author/alex-berenstein)  Tags: [Real Estate](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/real-estate) ## You’ve probably heard of Airbnb before; the hospitality service that operates exclusively online and through its mobile app has been around since 2008. In 2017, the company reported $2.6 billion in revenue, and with “substantially more” than $1 billion in Q3 2018, Airbnb isn’t going anywhere. In fact, word has it that Airbnb plans to go public soon, with an IPO expected sometime in 2019. For those that haven’t heard of Airbnb, the operations are pretty straightforward. Airbnb is in the lodging industry, acting as an intermediary to connect hosts and guests. Hosts list their property on Airbnb, while guests look for bookings sorted by location, price, date, and number of guests. The company doesn’t own any of the real estate listings, and they don’t host events – they simply collect a commission when a guest rents from a host. Hosts are not present throughout the guests’ stay, but Airbnb’s statistics show that problems between parties rarely arise.      If you’re a property owner, Airbnb could be an additional source of income. As a host, you list your property on the website, and give guests the opportunity to rent the property from you on a nightly basis. This option is particularly enticing for folks with a second home, condo, or apartment in a popular vacation destination. Real estate owners have used the service to help pay off expenses directly associated with the property, or to put money aside for retirement or college tuition. Airbnb is to real estate as Uber is to transportation. Airbnb has become a major competitor for hotels, in the same way that Uber and Lyft have been a shock to the taxi industry. Airbnb offers property owners the opportunity to make more efficient use of property they aren’t using as a primary residence. Because of the potential risk, Airbnb offers property damage protection and accident insurance for its hosts.  Hosts can additionally protect their property with “House Rules” that must be followed, and requirements for who can book a reservation. Like most online and mobile apps, Airbnb also has a review system and seamless communication between guest and host.  Airbnb is a unique and growing opportunity for property owners. All signs indicate that the real estate industry will continue to move in this direction. The system isn’t perfect, but it’s doing everything it can to be as close as possible. Legislators and local governments have begun implementing regulations that limit how often property owners can rent out their real estate, and some municipalities now require a license. However, some cities and states have passed zoning ordinances to benefit the Airbnb system and avoid government interference. To stay up to date with developments in the real estate industry, be sure to subscribe to Goosmann Law Firm’s Real Estate Lawyer Blog. If you are a property owner, or work in the real estate industry, contact our offices in Sioux City, Sioux Falls, and Omaha to learn more about how our real estate attorneys can give you innovative ways to make money and do more with your properties.   [![CONTACT US](https://no-cache.hubspot.com/cta/default/489404/ec70fe7d-ad02-40c5-93ba-4800375ab6e9.png)](https://cta-redirect.hubspot.com/cta/redirect/489404/ec70fe7d-ad02-40c5-93ba-4800375ab6e9) ### Select Different CTA for each Post from Blog Editor [![New Call-to-action](https://no-cache.hubspot.com/cta/default/489404/a8cefc17-3b9d-4de0-89cd-e60a64752422.png)](https://cta-redirect.hubspot.com/cta/redirect/489404/a8cefc17-3b9d-4de0-89cd-e60a64752422) ### Subscribe Our Blog Thanks for submission!! - Recent - Popular ### Posts by Topic - [Real Estate (26)](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/real-estate) - [Real Estate News and Insights (9)](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/real-estate-news-and-insights) - [Real Estate Law (5)](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/real-estate-law) - [COVID-19 (4)](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/covid-19) - [evictions (2)](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/evictions) - [Estoppel Certificates (1)](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/estoppel-certificates) - [Evictions Moratorium (1)](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/evictions-moratorium) - [Farm Lease (1)](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/farm-lease) - [Landlord (1)](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/landlord) - [Letter of Intent (1)](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/letter-of-intent) - [Nebraska (1)](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/nebraska) - [Omaha Attorney (1)](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/omaha-attorney) - [Refinancing (1)](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/refinancing) - [Seller Disclosures (1)](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/seller-disclosures) - [Small Business Loan Program (1)](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/small-business-loan-program) - [Taxes (1)](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/taxes) - [Tenant (1)](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/tenant) - [Trust Planning (1)](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/trust-planning) - [commercial real estate (1)](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/commercial-real-estate) - [commerical real estate (1)](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/commerical-real-estate) - [coronavirus (1)](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/coronavirus) - [purchase agreement (1)](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/topic/purchase-agreement) DISCLAIMER: The information in this blog post (“post”) is provided for general informational purposes only, and may not reflect the current law in your jurisdiction. By visiting this website, blog, or post you understand that there is no attorney client relationship between you and the Goosmann Law Firm attorneys and website publisher. No information contained in this post should be construed as legal advice from Goosmann Law Firm, PLC, or the individual author, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through, this Post without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer licensed in the recipient’s state, country or other appropriate licensing jurisdiction. #### Let Us Know What You Thought about this Post. Put your Comment Below. [Previous Post](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/buyer-beware-always-have-your-abstract-examined) ##### [Buyer Beware: Always Have Your Abstract Examined](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/buyer-beware-always-have-your-abstract-examined) [Next Post](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/should-i-form-an-llc-for-my-real-estate-venture) ##### [Should I Form an LLC for My Real Estate Venture?](https://blog.goosmannlaw.com/real-estate-lawyer-on-your-side/should-i-form-an-llc-for-my-real-estate-venture) ### Contact Info **Sioux City Location** P. 712-226-4000 F. (712) 224-4517 **Sioux Falls Location** P. (605) 371-2000 F. (605) 275-2039 **Omaha Location** P. (402) 280-7648 F. (402) 505-3967 --- [Disclaimer](http://goosmannlaw.com/list-all-blogs/disclaimer/) | [Privacy Policy](http://goosmannlaw.com/privacy-policy/) ### Locations **Sioux City Location** 410 5th Street Sioux City, IA 51101 **Sioux Falls Location** 5010 S. Minnesota Avenue, Suite 100 Sioux Falls, SD 57108 **Omaha Location** Advent Building 17838 Burke Street, Suite 250 Omaha, NE 68118 ![Goosmann](https://blog.goosmannlaw.com/hs-fs/hubfs/Blog_Images/Lockbox%20Lawyer/goosmann-white.png?width=250&name=goosmann-white.png "Goosmann") Goosmann Law Firm is a FULL SERVICE LAW FIRM with locations in Sioux City, Iowa, Sioux Falls, South Dakota, and Omaha, Nebraska. Goosmann Law attorneys are licensed to practice in Iowa, Nebraska, South Dakota, and North Dakota. Their attorney team's practices and industries include but are not limited to Agribusiness and Cooperatives, Banking and Finance, Bankruptcy, Restructuring and Workouts, Business, Construction, Cyber Law and Telecommunications, Divorce and Family Law, Education, Employment, Environmental Health and Safety, Gestational Surrogacy and Adoption, Health Care, Litigation and Trial Law, Manufacturing, Mergers and Acquisitions, Municipal, Nonprofit and Tax Exempt Organizations, Real Estate, and Transportation, Tribal, Wills, Trusts, Estate Planning, and Probate Law. Goosmann © Copyright 2017