Thousands of Airbnb rentals in the Big Apple face being delisted Tuesday because the city has dragged its feet on verifying new rules that go into effect after Labor Day, according to a report. The…
Thousands of Airbnb rentals in the Big Apple face being delisted Tuesday because the city has dragged its feet on verifying new rules that go into effect after Labor Day, according to a report.home-sharing sites like Airbnb and Vrbo to apply for a license by Sept.
In New York, hosts are not allowed to rent out their homes on the platform for less than 30 days unless the permanent tenant is also at the residence. City officials say that Airbnb and other home sharing sites including VRBO abuse the system, renting out entire buildings or a good chunk of the units to tourists without regard to the 30-day rule.AirDNA estimates that only 9,500 of Airbnbs 23,000 listings in New York are legal.Currently, there are 7,500 rental units that do not meet the requirement for a license and will likely disappear from Airbnb, according to the report which cites data market analytics firm AirDNA.
More than half of those units are among the most popular Airbnb rentals in New York, accounting for 40% of Airbnb income in New York City, AirDNA data shows, according to the report. AirDNA estimates that only 9,500 of Airbnbs 23,000 listings in New York are legal, according to the report.
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