The New York Post has reported that two NYC individuals have made history! They are the first property managers to be fined by New York City over Airbnb violations and could be facing up to $127,500.00 in fines.
A property owner and a real estate broker (not Keller Williams) have been charged with 17 violations for alleged illegal Airbnb advertisements on the Upper West Side and Bedford Stuyvesant. The charges fall under the law that prevents people renting out an apartment in it’s entirety for less than 30 days because they essentially become hotels in residential properties. The fine is $1,000 and can be increased to $7,500 should the ads not be pulled.
Who has used Airbnb in their travels in the past, and thought about making an extra buck on their NYC apartment? NYC is probably the strictest city when it comes to rules and regulations regarding advertising and hosting an Airbnb guest. Even though it is not completely illegal, I would make sure to check the current guidelines to keep yourself out of risk.
We all know that we like to escape the depths of the winter, or look to start off the spring/summer season with a nice vacation. Even though Airbnb is a convenient option, and a great opportunity to live like a local on your travels, New York City isn’t the only city that has Airbnb restrictions and guidelines. Be sure to check the rules and regulations of your next travel destination to make sure you can enjoy your vacation to the fullest!
Daniel Martella & Kyle P. Brennan
Alliance Team @ KWNYC