Veritas Investments owns over 5,000 units in San Francisco, and will now allow tenants to rent out units using Airbnb.
Yat-Pang Au, chief executive of Veritas Investments told Realtor.com, “I’m just a fundamental believer that when you have a scarce resource, whether it’s housing or parking lots, there’s got to be a better way to share those scarce resources."
The partnership between Airbnb and Veritas includes Pillow Residential, a startup independent from Airbnb that helps tenants and landlords manage Airbnb listings by arranging for cleaners, tracking how many nights a year tenants rent out their units and giving guests a point of contact if something goes wrong. Tenants in Veritas buildings who want to rent their units out short term will have to use Airbnb and Pillow.
