Topics

Posted 9/8/2023, 3:30:00 AM

New York City's New Law Bans Most Airbnb and Short-Term Rentals Starting Tuesday

New York's Local Law 18 bans most Airbnb and short-term rentals in the city starting Tuesday.
Hosts must register with the city and only rent their primary residence with themselves present and a limit of 2 guests.
Airbnb sees this as a "de facto ban" that will eliminate thousands of listings and hurt tourism and small businesses.
There are over 40,000 Airbnb listings in NYC currently, with 22,434 being short-term rentals that will be impacted.
The law aims to open up more housing for residents by cutting down on short-term rentals concentrated in some neighborhoods.

slashdot.org

Relevant topic timeline:

9/4/2023

Thousands of NYC Airbnb listings face removal as city drags feet over...

Thousands of Airbnb rentals in New York City may be delisted due to the city's failure to verify new regulations, leaving hosts uncertain and potentially facing fines of up to $5,000.

9/4/2023

New rule to take effect for NYC's short-term rentals

Starting Tuesday, New York City's new law requiring landlords to register with the city in order to maintain their listings on Airbnb, Vrbo or similar sites is set to nullify thousands of short-term rental listings and could result in fines of up to $5,000 for violators.

9/6/2023

New York City’s crackdown on Airbnb and short-term rentals goes into effect

New rules in New York City require short-term rental hosts to register with the city government, with fines ranging from $1,000 to $5,000 for violations, in an effort to crack down on illegal listings and protect travelers from unsafe accommodations.

9/13/2023

New York's Airbnb Crackdown Drives Short-Term Rentals Underground

New York City's restrictions on Airbnb and other short-term rental platforms have led to the emergence of a black market for rentals, with hosts resorting to informal methods such as Craigslist and Facebook Marketplace to attract guests and arrange payments. Despite the regulations, hosts find ways to continue renting out their properties and earning income through alternative avenues.

9/13/2023

Dave Ramsey Warns Against Risks of Airbnb Real Estate Investing

Dave Ramsey advises against buying property to turn into a vacation rental, warning that running an Airbnb requires a lot of work, can lead to property damage, and may face backlash from certain cities.

9/15/2023

NYC Airbnb Crackdown Leads to Listing Decline, But Housing Market Impact Unclear

The decline of Airbnb due to new restrictions in New York City has raised concerns that it could lead to a collapse in the American housing market, according to financial guru Robert Kiyosaki, who also sees it as a potential financial opportunity for investors and homebuyers.

9/19/2023

Airbnb Cracks Down on Parties With AI, Sees 55% Drop Since 2020

Airbnb's worldwide ban on parties has been enforced by an anti-party AI system created by Naba Banerjee, resulting in a 55% drop in party reports, with over 320,000 guests blocked or redirected from booking attempts on the platform.

9/26/2023

Airbnb Uses AI to Predict and Prevent Rental Home Parties, Reducing Party Rate by 55%

Airbnb is using AI to predict and prevent party rentals by flagging high-risk reservations based on factors such as the renter's location, age, and the date of the reservation.

10/2/2023

Airbnb CEO Vows to Improve Service Before Expanding, Admits Growing Too Fast Led to Complaints

Airbnb is focused on fixing the foundations of its platform and addressing user complaints to improve the guest experience and increase host earnings.

Topics

Posted 9/8/2023, 3:30:00 AM

New York City's New Law Bans Most Airbnb and Short-Term Rentals Starting Tuesday

New York's Local Law 18 bans most Airbnb and short-term rentals in the city starting Tuesday.
Hosts must register with the city and only rent their primary residence with themselves present and a limit of 2 guests.
Airbnb sees this as a "de facto ban" that will eliminate thousands of listings and hurt tourism and small businesses.
There are over 40,000 Airbnb listings in NYC currently, with 22,434 being short-term rentals that will be impacted.
The law aims to open up more housing for residents by cutting down on short-term rentals concentrated in some neighborhoods.

slashdot.org

Relevant topic timeline:

9/4/2023

Thousands of NYC Airbnb listings face removal as city drags feet over...

Thousands of Airbnb rentals in New York City may be delisted due to the city's failure to verify new regulations, leaving hosts uncertain and potentially facing fines of up to $5,000.

9/4/2023

New rule to take effect for NYC's short-term rentals

9/6/2023

New York City’s crackdown on Airbnb and short-term rentals goes into effect

9/13/2023

New York's Airbnb Crackdown Drives Short-Term Rentals Underground

9/13/2023

Dave Ramsey Warns Against Risks of Airbnb Real Estate Investing

9/15/2023

NYC Airbnb Crackdown Leads to Listing Decline, But Housing Market Impact Unclear

9/19/2023

Airbnb Cracks Down on Parties With AI, Sees 55% Drop Since 2020

9/26/2023

Airbnb Uses AI to Predict and Prevent Rental Home Parties, Reducing Party Rate by 55%

Airbnb is using AI to predict and prevent party rentals by flagging high-risk reservations based on factors such as the renter's location, age, and the date of the reservation.

10/2/2023

Airbnb CEO Vows to Improve Service Before Expanding, Admits Growing Too Fast Led to Complaints

Airbnb is focused on fixing the foundations of its platform and addressing user complaints to improve the guest experience and increase host earnings.