Popular on Rezul
- No Limits Method Revolutionizes Neurodivergent Education Through Embodied Cognition - 105
- Corner Property Management Welcomes Seneca Reserve HOA!
- Kaplan Morrell Applauds Passage of Landmark Workers' Compensation Reform in Colorado
- First AI Marketing Platform Built Specifically for Small Businesses Launches Public Beta
- TEDxInglewood Returns to The Miracle Theater on August 9, 2025 — Celebrating Bold Ideas and Community Energy
- Rediscovered Christopher Lee Recording 'Elenore' Re-Released to Mark 10th Anniversary of His Passing
- Honoring Black History, Culture, and Community in Fall River
- Conexwest Expands Single-Phase Cold Storage Lineup: Versatile Solutions for Diverse Temperature Needs
- Token-Operated Sake Service Opens at Tobu Nikko Station
- Manhattan Boutique Real Estate Collaborates with InterContinental Hotels NYC in a Branding Partners Personalized Approach
Similar on Rezul
- Dedeaux Properties Begins Construction on Truck Terminal and Industrial Outdoor Storage Facility
- Paulding County's Old Mill Preserve Now Open to the Public in Georgia
- Kramer Real Estate: The Boutique Brokerage Quietly Taking Over North Texas
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
- Winners Development Corporation Pioneers Skyscraper In South Dallas
- Robert Michael & Co. Real Estate Team Celebrates Industry Recognition and Showcases Premier Central Florida Listings
- Extreme Exterior Cleaning of Seaside Florida Home Separates Pros from Amateurs
- San Antonio Board of REALTORS® Among First to Use Passkey Login with Solid Earth's SSO Dashboard
- CGI+ Sells Multifamily Development Site in Los Angeles' South Bay to JPI for $40 Million
- Baby Boomer Housing Trend: Big Homes Out, Simplicity In
AirBnB Buyers Beware: Cautionary Advice from Rachel Prince, the "Rentalpreneur"!
Rezul News/10448807
One AirBnB Property Manager offers cautionary advice to help others avoid lawsuits in the AirBnB industry.
INDIANAPOLIS - Rezul -- Indianapolis-based Airbnb Property Manager and Realtor, Rachel Prince, had an unexpected experience that ended up costing her time and money—but yet also taught her a very valuable lesson. As a result of her recent experience, Rachel shares her story with others in an effort to forewarn and protect homeowners in the AirBnB industry.
Backstory: After receiving Airbnb funds in her account from an unknown source for 3 years (totaling $8,000), Rachel was blindsided by a lawsuit from a past client regarding "monies owed". The former client, forgot to stop the automatic payouts from his account that were being sent to Rachel when she managed the property, a common occurrence in the AirBnB industry. By the time the former client realized that payments were still being paid to Rachel and not him, he filed a lawsuit against Prince, demanding repayment. Needless to say, this was a very shocking and costly situation for Rachel.
More on Rezul News
Now that the matter has been resolved, Rachel would like to offer some sage advice to other homeowners and Airbnb managers, so that they can avoid something like this from happening to them.
Important Points To Consider:
1. Legality: Find out if your Airbnb Co-Host is a licensed and trained Real estate agent. In most cities now, like Indiana, BY LAW you need a real estate license to manage properties however Airbnb can fall under a "grey area".
2. Professionalism & Accountability: Realtors hold a license that can be taken away. They can be held accountable. They are also are trained on ethics and moral obligations and are taught to serve their client in accordance with laws and regulations and residential best practices.
3. Contracts: Create a legal agreement between you and your Airbnb real estate agent. Agents are allowed by law to access and write to standard property management leases. or have a lawyer create one for both of you.
More on Rezul News
4. Resources: Real Estate agents have access to standard documents and rental agreements, and are allowed by law to write leases. Be aware of letting a cohost without a license write a lease for a long term guest. Also realtors often have access to company lawyers and may be able to provide more aid if anything ever went wrong with a guest.
Featured in INC. Magazine and on The Ron LeGrand Mentor Podcast, Rachel Prince has been called the "Maven" of AirBnB Short-Term renting. She is also the author of AirBnB Mentality, AirBnB Side Hustle and the creator of BUYBNB the online investing course. To learn more about Rachel visit: www.rentalpreneur.com
Backstory: After receiving Airbnb funds in her account from an unknown source for 3 years (totaling $8,000), Rachel was blindsided by a lawsuit from a past client regarding "monies owed". The former client, forgot to stop the automatic payouts from his account that were being sent to Rachel when she managed the property, a common occurrence in the AirBnB industry. By the time the former client realized that payments were still being paid to Rachel and not him, he filed a lawsuit against Prince, demanding repayment. Needless to say, this was a very shocking and costly situation for Rachel.
More on Rezul News
- Paulding County's Old Mill Preserve Now Open to the Public in Georgia
- Kramer Real Estate: The Boutique Brokerage Quietly Taking Over North Texas
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
- $12.8 Million Net Revenue for 2024 for Cloud-Based Crowdsourcing Recruitment and SaaS-Enabled HR Solutions Provider: Baiya International Group Inc
- Salazar Heating, Cooling & Plumbing Launches Water Conservation Initiative to Help Santa Fe Homeowners Cut Water Waste
Now that the matter has been resolved, Rachel would like to offer some sage advice to other homeowners and Airbnb managers, so that they can avoid something like this from happening to them.
Important Points To Consider:
1. Legality: Find out if your Airbnb Co-Host is a licensed and trained Real estate agent. In most cities now, like Indiana, BY LAW you need a real estate license to manage properties however Airbnb can fall under a "grey area".
2. Professionalism & Accountability: Realtors hold a license that can be taken away. They can be held accountable. They are also are trained on ethics and moral obligations and are taught to serve their client in accordance with laws and regulations and residential best practices.
3. Contracts: Create a legal agreement between you and your Airbnb real estate agent. Agents are allowed by law to access and write to standard property management leases. or have a lawyer create one for both of you.
More on Rezul News
- Hire Virtue Announces Executive Sponsorship Opportunity for Houston Hiring Blitz & Job Fair on August 6, 2025
- Inked & Maxim Model Teisha Mechetti Turns Heads—And Builds Community Impact
- Winners Development Corporation Pioneers Skyscraper In South Dallas
- Plan to Launch Silo Technologies' Cybersecurity Pilot Program for Ultimate Nationwide Deployment via Exclusive Partnership: Stock Symbol: BULT
- Robert Michael & Co. Real Estate Team Celebrates Industry Recognition and Showcases Premier Central Florida Listings
4. Resources: Real Estate agents have access to standard documents and rental agreements, and are allowed by law to write leases. Be aware of letting a cohost without a license write a lease for a long term guest. Also realtors often have access to company lawyers and may be able to provide more aid if anything ever went wrong with a guest.
Featured in INC. Magazine and on The Ron LeGrand Mentor Podcast, Rachel Prince has been called the "Maven" of AirBnB Short-Term renting. She is also the author of AirBnB Mentality, AirBnB Side Hustle and the creator of BUYBNB the online investing course. To learn more about Rachel visit: www.rentalpreneur.com
Source: The Posh Publicity Firm
Filed Under: Real Estate
0 Comments
Latest on Rezul News
- Google AI Quietly Corrects the Record on Republic of Aquitaine's Legal Sovereignty
- NYC Leadership Strategist Stacie Selise Launches Groundbreaking 4S Framework Series to Redefine Executive Excellence
- Baby Boomer Housing Trend: Big Homes Out, Simplicity In
- Robert Michael & Co. Real Estate Team Lists Pool Home in Hunters Creek, One of America's Top Places to Live
- Make Innovation Matter: Support H.R.1's R&D Expensing Relief for American Small Businesses
- Agreement to Supply US-Based Defense Provider with Thin-Film Solar Tech for Orbital Application; Ascent Solar Technologies, Inc. (N A S D A Q: ASTI)
- Byrd Davis Alden & Henrichson Launches Independence Day Safe Ride Initiative with 500 Free Uber Credits
- Robert Michael & Co. Lists Spacious 6BR Home in Winter Haven, FL
- U. S. Mortgage Rates Drop. Lowest Since May
- databahn Launches GenAI Sales Intelligence Platform to Revolutionize Fortune 500 and Global 2000 Account Research
- IRF Builders Forum Brings Global Leaders to Washington, D.C. to Advance Religious Freedom Through Cooperative Engagement
- Powell No Rate Changes For Now
- Colorado Scenthound Locations Partner with Humane Colorado to Give Adopted Dogs a "Clean Start"
- Final Opportunities for New Estate Homes, up to 2 Acre Homesites at Chattahoochee Reserve in Cumming
- Endoacustica Europe Unveils iPhone 13 Pro Max Spy Phone—Pure Hardware, Zero Software Changes
- Be in a New O'Dwyer Home Before Back to School & Enjoy up to $15,000 Towards Your New Home
- David Weekley Homes to Lift the Curtain on Amenity Package in Georgia's Maple Grove at Towne Lake
- Suzanne Harp named Managing Director in Texas, USA
- $10 Million Acquisition of GXR World Sports Assets Energizes Global Launch of Sports.com Super App by Online Lottery-Sports Game Provider: Lottery.com
- Shop American Made Goods: New Online Marketplace My American Goods Curates the Best of U.S. Made