The Rise and Fall of a Multimillion-Dollar Airbnb Scheme

Re:The Rise and Fall of a Multimillion-Dollar Airbnb Scheme by gamblor956 on Saturday February 23, 2019 @04:54PM (#19235701)

I mean declaring a property to be rentable is much harder than it ought to be. This is what the hotel association NYC has spent years lobbying for. So something new like AirBnB cannot harm their market.

Simply false. These are the steps involved in "declaring" your property to be rentable:

Step 1a: If you rent your place, ask your landlord for permission. Step 1b: If you live in a condo building, ask your condo association for permission. Step 1c: If you own your own house, ask your spouse for permission.

Step 2: Put an ad on Craigslist advertising your rental.

Step 3: There is no step 3.

Declaring a property to be rentable is literally a trivial exercise unless you're going for short-term (aka "transient" or "hotel") rentals.

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Re:The Rise and Fall of a Multimillion-Dollar Airbnb Scheme by notmyaccount on Saturday February 23, 2019 @05:11PM (#19235780)

Totally my bad. I used the wrong word rentable, whereas I meant to write short-term rentals.

For example, if I own a single-family home, my ability to rent it out is restricted by zoning rules. I would have to look up the Certificate of Occupancy and potentially make changes if I intended to rent my place out. It could even mean involving an architect because the building would have to meet the structural requirements for a rooming house. There are lots of redtapes.

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