Dinn, Hochman & Potter, L.L.C.
TF: 800-233-4079
L: 440-681-8005

Online room rental business takes off in central Ohio

Now that the Internet has reached the masses, Ohioans are turning to it for more and more products and services. Oftentimes, this platform enables online companies to minimize their operating costs, which lowers prices for consumers. Although many online companies find success, they also require solid business planning.

Some people who are looking for a place to stay in central Ohio are forgoing traditional hotel rooms, which can be costly. Instead, they’re turning to companies like Airbnb, which enable people to rent out rooms in their homes for as little as $28 a night. About 350,000 people from around the world have used this service, which in many cases benefits both the home or apartment owner and the guest.

Although Airbnb does not pay any of the taxes that traditional hotels do, it is likely that the government will impose these bed taxes some time in the future. Then the companies may have to adjust their business plans to cover this cost. Also, as the number of customers continues to grow, the online companies may have to increase their insurance coverage. Some people who stay with strangers may cause damage to the home, which Airbnb may have to cover.

The Internet is full of opportunities for anyone who has the fortitude to launch a business start-up. With the right business decisions, any great business idea can become successful. Thankfully, people who are starting a business can work with an attorney to ensure that they’re making the best decisions during the business formation process.

Source: NBC4i, “Rooms For Rent, A Growing Business In Central Ohio,” Ted Hart, April 30, 2014

No Comments

Leave a comment
Comment Information

Office Location

Dinn, Hochman & Potter, L.L.C.
5910 Landerbrook Drive, Suite 200
Cleveland, OH 44124
-6500

Local: 440-681-8005
Toll Free: 800-233-4079
Fax: 440-446-1240

Cleveland Law Office Map .

Super Lawyers AV logo | Distinguished TM | AV | LexisNexis Martindale-Hubbell | PeerReviewRated | For Ethical Standard and Legal Ability | TM | 2011 | Clifford N. Ribner Lead Counsel Rated VISA | Master Card | American Express | Paypal

Stay Connected With Us