Illegal Airbnb listings in NYC are still a major source of concern despite the already stringent regulations in place, a recent The Real Deal article announces.
State law and city regulations are very clear, home rentals of less than 30 days are not allowed unless the permanent resident is present.
But that's not clear to the millions of people who search Airbnb and other online platforms for a place to stay in New York City. The tenants and owners listing those units, however, do know they are breaking the law. They also know their chances of being caught are almost slim to none.
The series of measures by the city have enacted to stamp out the problem have fallen short because of the incentives to break the law and the practical difficulty of enforcing it.
Now the Adam's administration is hoping that the latest statute, which aims to stop people from using the platforms without first registering with the city, is the key to stopping the illegal rentals.
Now that you know this, beware of Airbnb listing rentals for 30 days or less without the owner present.