I have heard the market for furnished TLA houses/apartments can be very lucrative but also very competitive. Talking to a friend today he said a couple he knows was offered a kickback of $50 a day from a home/business owner to take a TLA short term rental from him. In other words, if the fee was $250 daily, the home owner would give the renters a kickback of $50 a day back so they would stay in his place. Is this legal? Who regulates the TLA rentals in the community?
In the past I have heard of these rental companies working closely with unit sponsors or admin personnel to steer customers their way. It just doesn’t seem right that a sponsor would be offered cash/dinner or other things of value to do this.
Which company are you hearing about, specifically. Without specifics, this is not something that can be discussed intelligently.
I am 100% sure that this is not a legal practice. It is also why, in my opinion, dealing with anyone other than TDYhomes is a bad idea. They have been around for a very long time, are extremely honest, and have great accommodations.
Note: There was an impostor who used a name very similar, only without the S on the end. They had a very bad wrap.