I am hopeful that there will be a root and branch overhaul of the regulations. But at the end of the day the biggest problem is the (few) property managers who ride roughshod over by-laws, regulations, code of conduct and grab whatever money they can on the way through – with no regard to the community, nor to the owners of the properties they manage…
I believe that the only way that gets fixed is when someone is put on the exclusion list and the tiger is perceived as having teeth.
You’re correct and property managers and various management companies are exploiting the situation to earn additional income under the radar.
As for regulations and laws, they are unlikely to halt Airbnb and short-term rentals, as these entities often disregard legal constraints, drawn by the allure of profit.
The solution lies in partnering with a competent management company that can identify and deter such practices, equipping them with effective security electronic systems like virtual mobile access cards. That way no more costly keyfobs, which can easily be shared via mailboxes or external padlocks, and no more copies, buyable at your local Mister Minit..
The issue is that many management companies still place undue trust in building security integrators, who often are not be fully aware of the security shortcomings of their installations.
For instance, my building in Melbourne, UWS, was equipped with over 10,000 HID SEOS cards, which were promised to be unclonable. Yet, they were cloned within just two months.
It took three years for HID to finally acknowledge the security flaw and inform all security integrators about it. It’s quite laughable.
In conclusion, to effectively eliminate short-term rentals, we need to implement the right security systems that are independent of security integrators and eliminate the use of fobs.
No more installing HID products ever again…
Coupled with a competent management company, this should suffice.
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