In NYC, at least, it's also a legal problem. Short-term rentals (even of property that you own) are illegal under city law. The law would consider the hosts to be:
- Running illegal hotels in buildings that are not zoned for commercial use.
- Running a business without a valid business permit.
- Failing to pay the hotel tax and other business taxes.
- Violating fire regulations that govern hotels and other commercial property.
Comments
In NYC, at least, it's also a legal problem. Short-term rentals (even of property that you own) are illegal under city law. The law would consider the hosts to be:
- Running illegal hotels in buildings that are not zoned for commercial use.
- Running a business without a valid business permit.
- Failing to pay the hotel tax and other business taxes.
- Violating fire regulations that govern hotels and other commercial property.