New York City Airbnb BAN! What Now?
Summary
This video discusses the new restrictions on short-term rentals in New York City (Local Law 18) and explains what it means for existing hosts and those interested in starting an Airbnb business. The video highlights the key limitations of the new regulation, including the host being physically present and only allowing a maximum of two guests at a time, and provides some strategies for how hosts can adapt, such as converting to mid-term rentals, moving to a more favorable city, or finding a long-term tenant.
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Curated by Learn STR by GoStudioM