Illegal to Run a Vacation Rental in NY State

[Newbian]

So what do they define as the owner being present?

Live in the same building or same state or what?

Couldn't this be applied to hotels and such also in this case?

 

[fskimospy]

So what do they define as the owner being present?

Live in the same building or same state or what?

Couldn't this be applied to hotels and such also in this case?

Same unit I imagine, as the law only applies to apartment buildings.

No, it can't be applied to hotels as they are zoned and regulated differently.

 

[sdifox]

So what do they define as the owner being present?

Live in the same building or same state or what?

Couldn't this be applied to hotels and such also in this case?

unit. Hotels are regulated heavily, not so with private homes.

 

[Jhhnn]

It's not a statewide ban on short term rentals, it's a ban on rentals where the owner is not present. The reason for this is primarily NYC, where people are buying up large amounts of properties and converting them into what amount to full time Airbnb hotels. Considering how tight the property market is in NYC this is a big problem. I'm not sure if this is the right solution but something needs to be done.

The margin on short term rentals is huge in a popular destination like Denver. Rents & property values are already sky-high & this just pushes them higher. It cuts into tax revenues that hotels pay to the state & the city. They're a pita for neighborhoods because people come to party hearty, & they do. The house next door was used as an airbnb for about a year prior to Denver banning the practice. Drunken stoned out idiots whooping it up on the deck was fairly common. Now it's for sale so I'm hoping for better neighbors.

It's a different story in small mountain towns & has been for a long time. They live on tourist dollars, one way or another, and on the imported cash of local retirees. Banning short term rentals wouldn't be good for them at all. It's a big part of where not a helluva lot of money comes from.

 

[Zorba]

By the way this law is less nutty than advertised. It only affects apartment buildings. Vacation homes are safe.

I was wondering if that was the case, but I couldn't find the actual law and everything I could find made it sound like it was everything. How about condo buildings?

 

[Zorba]

The margin on short term rentals is huge in a popular destination like Denver. Rents & property values are already sky-high & this just pushes them higher. It cuts into tax revenues that hotels pay to the state & the city. They're a pita for neighborhoods because people come to party hearty, & they do. The house next door was used as an airbnb for about a year prior to Denver banning the practice. Drunken stoned out idiots whooping it up on the deck was fairly common. Now it's for sale so I'm hoping for better neighbors.

It's a different story in small mountain towns & has been for a long time. They live on tourist dollars, one way or another, and on the imported cash of local retirees. Banning short term rentals wouldn't be good for them at all. It's a big part of where not a helluva lot of money comes from.

It doesn't seem like it would be that hard for cities to start imposing taxes on them.

Short term rentals also fulfill a need that isn't met by Hotels, namely larger units that a whole family or group can get together. Not to mention most have kitchens, so families can actually cook while on vacation.