generalSkift··1 min·For: Owner, GM, Revenue, Investor
NYC Finds 27% Of Approved STR Listings Are Illegal stays
A review by New York City's Office of Special Enforcement found that over a quarter of legally registered short-term rentals are being converted into illegal entire-home listings.
Key Takeaways
- 1Monitor the impact of Local Law 18 enforcement as 27% of registered short-term rentals are allegedly operating illegally.
- 2Recognize that hosts are circumventing registration by converting approved shared-room listings into illegal whole-home rentals.
- 3Anticipate potential further regulatory crackdowns as the NYC Office of Special Enforcement highlights Airbnb's lack of platform-level blocking for these conversions.
Source: Skift
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