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Austin | Natiivo | 358' | 33-Stories | U/C


The ATX

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1 minute ago, KJHburg said:

is this tower all Airbnb rentals?  Was it developed as apartments with emphasis on Airbnb rentals or just all Airbnb rentals? 

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.

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Just now, 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.

Interesting. I am Airbnb host in Hilton Head but this is very interesting concept.  Almost like the condo hotels but have to rent them out more.   Coming to Austin in 2020 for a visit.  

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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.

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20 minutes ago, ATX_Born said:

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.

Well, that could make all the difference in deciding to buy a unit.  I'm surprised that has not been made more clear outside of the sales office.  

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