The Real Deal New York

Posts Tagged ‘short term rentals’

  • Short Term Rentals NYC

    Short Term Rentals NYC

    From the October issue: Stellar Management’s Larry Gluck was not pleased to learn earlier this year that tenants of his Chelsea apartment building were renting out their $3,500-a-month apartment via Airbnb on an almost nightly basis. Charging $375 a pop, the tenants were poised to net $11,000 a month, according to a lawsuit filed by Stellar in August, which detailed how the firm monitored short-term rental sites to quash such behavior.

    But even while landlords like Stellar crack down on tenants renting through Airbnb, the home-rental site’s spectacular rise has breathed new life into the city’s short-term rental market, despite local housing laws that prohibit sublets of less than 30 days. [more]

  • Pope Francis and Philadelphia

    Pope Francis and Philadelphia

    The Pope is a cash cow. For landlords, anyway. Ahead of Pope Francis’s visit to Philadelphia at the end of September, landlords and homeowners are turning every nook and cranny into a short-term rental. [more]

  • Onefinestay CEO Greg Marsh and a screenshot of onefinestay's website

    Onefinestay CEO Greg Marsh and a screenshot of onefinestay’s website

    The hotel industry has fought short-term rental companies like Airbnb tooth and nail. But, in a rare move, Hyatt Hotels has aligned itself with what some might perceive as a rival. [more]

  • Airbnb founders Nathan Blecharczyk, Joe Gebbia and Brian Chesky

    Airbnb founders Nathan Blecharczyk, Joe Gebbia and Brian Chesky

    The majority of Airbnb’s listings in New York City could be illegal, according to new data scraped from the highly popular home sharing website.

    More than 58 percent of listings in the city are for “entire” apartments or houses, according to the data, cited by Capital New York. The listings imply that nobody else would be living in the unit during the visitor’s stay. Of those full-home listings, about 10,000 are located on Manhattan. [more]

  • airbnb-brooklynMayor Bill de Blasio has filed the administration’s first lawsuit against apartments operating as illegal hotels, aka Airbnb rentals. And while it remains unclear how the controversy will play out, on thing is clear: Airbnb hosts in Greenpoint and Williamsburg are cashing in. [more]

  • From left: Airbnb founders (Photo: Business Insider) and Eric Schneiderman

    From left: Airbnb founders (Photo: Business Insider) and Eric Schneiderman

    UPDATED, Sept. 2, 5:00 p.m.: More than two dozen New York Airbnb hosts filed a lawsuit early this morning to block the disclosure of their personal information as stipulated in an agreement between the New York attorney general and the online rental service. [more]

  • Tax headaches hit AirBnB hosts

    April 15, 2014 03:20PM
    From left: Chief executive of AirBnB Brian Chesky and stock photo (Credit: Shutterstock)

    From left: Chief executive of AirBnB Brian Chesky and a stressed taxpayer (Credit: Shutterstock)

    Tax season is particularly vexing for freelancers — especially for the growing population of professional AirBnB landlords, according to a report. [more]

  • An ad on Craigslist

    An ad for a public housing rental on Craigslist

    WEEKENDEDITION Some New York City public-housing residents are trying to make some extra cash this holiday season by renting out their subsidized apartments. [more]

  • airbnb-founders

    From left: New York Attorney General Eric Schneiderman and Airbnb founders Nathan Blecharczyk, Brian Chesky and Joe Gebbia

    WEEKENDEDITION A crackdown on short-term rental sites like Airbnb by New York Attorney General Eric Schneiderman may supply inappropriate data regarding the habits of thousand of vacationers to the government, according to Future of Privacy Forum, a Washington think tank. [more]

  • Airbnb founders

    Airbnb founders

    Popular short-term apartment rental site AirBnB has won a huge victory in court after a case against an East Village resident, who was originally given a $40,000 fine for renting out his apartment using the site, was overturned.

    Widely seen as a test case for the legality of short-term rental sites, AirBnB elected to represent Abe Carrey, the East Village Airbnb user, in court. [more]

  • Airbnb founders

    Airbnb founders

    Web-based home sharing service Airbnb has taken the unusual step of representing a user in court, appealing a fine an Airbnb user was instructed to pay in administrative court in Manhattan on his behalf, WNYC reported.

    Nigel Warren, a tenant of a condominium that he sublet to a Russian visitor for three nights, was fined $2,400 for violating the city’s hotel laws, which now prohibit short-term subleasing. [more]

  • Airbnb founders Nathan Blecharczyk, Joe Gebbia and Brian Chesky

    Four major providers of short-term rental services have banded together to create a legislative blueprint that they hope will guide how cities set short-term rental regulations, the Wall Street Journal reported.

    Airbnb, HomeAway, TripAdvisor and FlipKey announced today that they have launched the Short Term Rental Advocacy Center, a website that will aggregate short-term-rental-friendly regulations from around the country. The group calls for cities to tax short-term rentals in a manner akin to how hotels and inns are taxed. Cities that ban short-term rentals, the group said in a press release, stand to lose out on significant tax revenues, and current regulation was more than sufficient.  [more]

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  • Big Data could have major implications for sustainable development

    Big data — the collection of large and complex data sets — can transform building construction and management, investment, leasing and even government policy, according to scholars and experts on sustainable real estate. [more]

  • Robert Chan of Toshi Inc. (Image c/o Business Insider)

    A New York state judge ruled in the city’s favor Friday on a lawsuit that it had brought against Smart Apartments, barring the large scale-operator of short-term rentals from operating or advertising residential apartment units as limited-occupancy hotel rooms, Law360 reported.

    In an October suit, the city alleged that Smart Apartments, by booking and housing visitors in illegally-converted apartment buildings, was indulging in deceptive trade practices against tourists. On Friday, Justice Arthur Engoron ruled that Smart Apartment’s practices were indeed a public nuisance and put visitors and building residents at risk. [more]

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  • Interior shots of 145 Sixth Avenue

    The folks at have created a section on their website where residents displaced by last week’s storm can find short-term rentals. However, some of the available listings are better suited to a more well-heeled crowd, as Curbed noted.

    An Upper East Side townhouse at 407 East 75th Street that once belonged to photographer Richard Avedon, and later housed former French president Nicolas Sarkozy’s brother, can be rented for three months to the tune of $225,000. If a would-be tenant’s regular home won’t be habitable for some time, the property can be purchased for a cool $12.5 million. [more]