By Kaleigh Strong | Paradise Valley Independent
Phoenix visitors looking for more affordable alternatives to hotels have led landlords to convert their apartment complexes and homes into short-term rentals with companies like Airbnb facilitating transactions between renters and rentees.
Thomas McPherson, the owner of the Historic Westminster Apartments in downtown Phoenix, said he converted five apartments into short-term rentals out of the 16 total units in the building.
McPherson partnered with the company Wanderjaunt, a competitor to Airbnb in Phoenix, to do a master lease of the Historic Westminster Apartments, he said.
