Insight
The new NYC STR law requires hosts to be present in the property during any short-term rental stay.
📰 No More Airbnbs in New York According to New Law 🗽
Summary
New York City is implementing strict regulations on short-term rentals, effectively banning most Airbnb and similar listings. The new law requires hosts to be present during guest stays and limits rentals to no more than two guests, significantly impacting the STR market.
Key takeaway