Niido Powered by Airbnb, the first multifamily housing community designed specifically for home sharing, unveiled in August its second apartment community. This one is the 328-unit The Olmsted property in Nashville.
Bloomberg reports that Niido intends to open 20 such communities by 2020. Earlier this year, it opened an Airbnb-based community in Kissimmee, Fla. Niido had no comment about which market it might enter next.
The program at The Olmsted will be this fall and will offer residents increased flexibility and freedom by allowing them to share their apartments exclusively through Airbnb while building tailored community spaces for resident programming including barbecues, game nights and live music. A Niido representative will speak to the residents in a learning session about how the program works.
Residents who choose to share their home on Airbnb (for a maximum of 180 days a year) will be referred to as ResidentHosts. ResidentHosts operate much in the same way regular Airbnb hosts do, who list and rent out their primary residences on the platform.
Niido will work closely with aspiring ResidentHosts in Nashville to help facilitate proper permitting, and help them register to collect and pay local occupancy tax. Each Niido location will feature a Master- Host who serves as the face of Niido for that property and helps manage the home-sharing process for ResidentHosts and their guests, answering questions before, during and after their stay.
A Bloomberg reporter who spoke to Olmsted residents says some commented that they were “blindsided” by the announcement and others said they thought the idea was “cool.”