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"Getting decent bikes from rentals isn't the easiest," Mr. Popke added.
And tax authorities everywhere harbour dark suspicions that some hosts don't declare their earnings from rentals.
The company also pointed to a fast-growing revenue stream from rentals.
He bought the condo in 1995 after the building converted from rentals.
Early sales took place starting in 2007 when Mr. Levy began a conversion to condominiums from rentals.
At the complex, a conversion to condos from rentals, units are being sold renovated or "as is".
We do all the data, from rentals to new homes to listings to estimates to user-generated content.
The charity would hope to profit from rentals, sales and development of waterside properties through joint ventures.
Real estate brokers and developers speculate that buildings will begin to convert from rentals to co-ops or condominiums.
Revenue from rentals sank 19percentto to $789.2 million, while merchandise sales fell nearly 31percentto to $224.9 million.
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For the model to work, though, the studios needed to derive income not from tape sales but from rentals as the retailers did.
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CEO of Professional Science Editing for Scientists @ prosciediting.com