Crain's New York Business’ Post

Illegal Short-Term Rentals: NYC Co-op and Condo Board Enforcement Strategies. New York City's crackdown on illegal short-term rentals has significantly impacted apartment owners and renters attempting to skirt the law. However, illegal rental schemes have not disappeared entirely. To tackle this issue effectively, NYC co-op and condo boards have adopted a range of strategies to curb illicit rentals. These are the board's key strategies: 1. Online Spot Checks: Regularly search platforms like Airbnb, Vrbo, Craigslist, and Facebook Marketplace for listings of units in your building. 2. The Prohibited Building List: Apply to place your building on the Mayor’s Office of Special Enforcement (OSE) prohibited buildings list, ensuring all short-term rentals in the building are illegal. 3. Engage Building Staff: Train staff to watch for and report suspicious behavior, such as guests arriving at odd hours or not knowing the apartment owner’s name. 4. Educate Residents on Rules and Consequences: Clearly communicate the city’s short-term rental laws and potential fines to residents. Well-informed residents are less likely to violate the rules and more likely to report violations. 5. Implement a Guest Registration System: Require residents to notify management when guests stay in their apartment during their absence. Use property management software to track registrations and deny access to unregistered guests.

🚫🏠🔇 Concerned about noisy holidaymakers disrupting your peace in London? A warning shot has been fired across the bows of Londoners hoping to boost their income by renting out rooms on short-let sites such as Airbnb and Booking.com this summer. Kensington and Chelsea council is cracking down on Airbnb-style rentals with an "enforcement notice" against noisy short-lets! 🚫📢 A Kensington and Chelsea spokeswoman confirmed the council had taken the unusual step of issuing an enforcement notice — more commonly issued against homeowners making illegal alterations to their properties, and against unlicensed businesses — after being alerted to the situation by complaints from a series of neighbours. Short-let properties are increasingly being used for parties, disturbing entire blocks. But there's hope! 💪🏼💼 At Oneta Homes, we offer tailored property management and letting services to navigate these challenges. Whether you're a landlord or a tenant, we're here to support you! 🤝🏡 #LondonShortLets #PropertyManagement #NoiseComplaints #KensingtonAndChelsea #OnetaHomes #Airbnb #RentalRegulations #LondonRentals #PropertyCrackdown #TenantSupport #Lettings2024

🔒🏠 Attention landlords! Don't let difficult tenants disrupt your rental business. Learn how to safeguard your property and attract responsible tenants who respect your rentals. #rentaltips #landlordadvice

Anger over illegal short-term rental in Kensington A community group is trying to blow the whistle on what they believe is an illegally operating short-term rental in Kensington Market. Dec. 18, 2023 6:28 p.m. EST Emptied Kensington apartments appear on Airbnb Former tenants allege they were forced out by illegal rent hikes and intimidation. By Emily Mathieu Housing Reporter Monday, June 19, 2017 Just coincidence I am sure....no one had this as a long term plan that began in 2017 with unlawful evictions/tenet harassment and showed up- later as a means to make more profit. After all the RTA states that its main purpose is to protect tenets from illegal evictions and unlawful rental increases. People from TNG might find this of interest...St. Stephen's is right there and Admin for the Toronto Drop-In Network are just up the street. Now how would I know that...? https://lnkd.in/eAy6jhZx #TNG #TDIN #TheNeighbourhoodGroup #MunicipalLawEnforcement #EPIC #Kensington #KensingtonMarket https://lnkd.in/e-TxBjtq

https://shorturl.at/fuJ56 #Landlords are prioritising choosing the best letting agent to help them navigate the market, but 49% of landlords opt not to use one. #lettingagent #rentalproperty #propertymanagement #buytolet

Sharing my insights on the rise in house and apartment rental prices across the Gold Coast in the ABC News' article. 👉 Check out the full article here: https://lnkd.in/g-CztRtz #goldcoastrentalncrease #propertymanagement

𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗿𝗶𝘀𝗸𝘀 𝗼𝗳 𝘄𝗼𝗿𝗸𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗮𝗻 𝗶𝗻𝗲𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲𝗱 𝗮𝗽𝗮𝗿𝘁𝗺𝗲𝗻𝘁 𝗹𝗼𝗰𝗮𝘁𝗼𝗿? 𝗧𝗵𝗲𝘆 𝗺𝗮𝘆 𝗻𝗼𝘁 𝗸𝗻𝗼𝘄 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝘄𝗲𝗹𝗹. Inexperienced locators may not be familiar with all of the different neighborhoods in your city, or the types of apartments that are available. This means that they may not be able to find you the best possible place to live, or they may even steer you towards an apartment that’s not a good fit for your needs. 𝗧𝗵𝗲𝘆 𝗺𝗮𝘆 𝗻𝗼𝘁 𝗯𝗲 𝗹𝗼𝗼𝗸𝗶𝗻𝗴 𝗼𝘂𝘁 𝗳𝗼𝗿 𝘆𝗼𝘂𝗿 𝗯𝗲𝘀𝘁 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝘀. Many new apartment locators are drawn to the high commissions they can earn. With the promise of a high commission, they throw a dart in the dark, hoping you’ll get approved, with little to no effort. 𝗧𝗵𝗲𝘆 𝗱𝗼𝗻’𝘁 𝗸𝗻𝗼𝘄 𝗼𝗿 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱 𝗵𝗼𝘄 𝗮𝗽𝗮𝗿𝘁𝗺𝗲𝗻𝘁𝘀 𝗿𝗲𝗮𝗹𝗹𝘆 𝗾𝘂𝗮𝗹𝗶𝗳𝘆 𝘁𝗲𝗻𝗮𝗻𝘁𝘀. With over 1,000 apartments under our belt, Prestige Realty knows the rental qualifications of each and every one. Bad credit isn’t the only thing landlords look for. They may also consider debt-to-income ratio, positive credit lines, criminal background, and income. #PhoenixApartments #ApartmentLocatorPhoenix #BestApartmentLocatorPhoenix #PrestigeRealty #ApartmentSearch #ApartmentFinder #ApartmentLiving #RentalsPhoenix #LuxuryApartmentsPhoenix #AffordableApartmentsPhoenix #BadCreditApartmentsPhoenix #NoCreditApartmentsPhoenix #RentalHistoryHelpPhoenix #HassleFreeApartmentSearch #PhoenixApartments #ArizonaApartments #ApartmentLocator #ApartmentSearch #ApartmentHunting #BadCreditApartments #NoCreditApartments #ApartmentsForRent #LuxuryApartments #AffordableApartments #BestApartmentLocator #PrestigeRealty #PhoenixRealEstate #ArizonaRealEstate Prestige Realty 602-824-9178 https://lnkd.in/grx3pMkN

Here are the NYC registration numbers — just 257 host registrations approved —ahead of Sept. 5, when the city's enforcement rules kick in. The city has only reviewed one-fourth of the applications that have been submitted. It obviously lacks the staffing to do the job in an expeditious manner. Or is slow-walking them? Although more than half the applications were submitted after Aug. 8 when Airbnb had its lawsuit against the law dismissed. There's a lot of revenue — Airbnb alone does about $85 million annually in NYC — and hosts' livelihoods at risk. Although neighbors and affordable housing activists will welcome the respite. https://lnkd.in/dFu3-3DN #nyc #shorttermrentals #vacationrentals #affordablehousing #hosts #guests #hospitality #regulations #onlinetravel

Banning STRAs has proven vacancy rates and rental prices drop but these restrictions are not suitable for those tourist reliant areas. There are effective measures and restrictions that can maintain the benefits of the STRA sector, while increasing housing supply and ultimately alleviating rental pressures. Moving a percentage of STRAs to long-term rentals can balance the rental market by increasing the vacancy rate to a healthy 3% which would reduce rents. How? By implementing meaningful policy for your locality and committing to enforcing it, an increase long term rental can be achieved. There are enough STRAs to have a material effect and can keep the benefits of the sector. "What is so different about Irvine is that they did not just put a ban in place," Seiler said. "They actually enforced it." #housing #housingaffordability #housingsupply #shorttermrentals #auspol #rentalsolutions #housingsolutions