CAI Illinois Chapter president, Kerry Bartell wrote an important piece on regulation of Airbnbs in the Chicago Tribune this past week.

In her article, she cites a Pennsylvania State University study that found that nearly 30% of Airbnb’s revenue comes from users that list their units for rent full-time.

Why is this important to condo living you ask? Because platforms such as Airbnb provide landlords the opportunity to rent out their units without the need of licensing or following Association leasing policies, leaving condominium associations open to a revolving door of unknown renters.

The solution? Regulation that includes licensing of all short-term rental units that are not primary residences. This would provide Associations the information required to safely manage and police their buildings.

Share it on

CAI - Illinois Chapter

The Illinois Chapter of Community Associations Institute serves the educational, business, and networking needs of community associations in the Chicagoland Area. Members include condominium, cooperative, and homeowner...

Read more

Get to Know Our Partners

Diamond Partners
Wintrust Community Advantage branding

We were made to serve community associations. For more than two decades, we've been committed to helping associations reach their financial goals with an unmatched level of service.

Learn More

Diamond Partners
Itasca Bask & Trust Co branding

We serve community associations of all sizes throughout the Chicagoland area. We provide common element repair financing to associations as small as six-units as well as to large high-rise communities and sprawling city or suburban townhome associations.

Learn More

chicago community association members at work

Newsletter Sign Up
  • Enter your email address below to receive a newsletter with latest published articles.
  • This field is for validation purposes and should be left unchanged.