Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | STR Revenue Management EP139 Airbnb Regulations in New York Explained
Mar 27, 2017
27:45
New York is known as the city that never sleeps. But if you are an Airbnb host there, you may be losing sleep over the state’s anti-Airbnb crusade and complicated short-term rental regulations.
Today Jasper is on the line with Brendan MacKenzie, the founder of MetroButler, a short-term management company in New York. His background in law and familiarity with the Airbnb ecosystem make him the perfect candidate to explain what you need to know about the Multiple Dwelling Law and how it affects hosts in the Big Apple.
Beyond clarifying the laws around short-term rentals, Brendan breaks down the pros and cons of the city’s hardline approach as well as the opportunities NYC is missing out on by discounting Airbnb’s benefits. Listen in to understand New York’s housing crisis and how the city might compromise with Airbnb to help – rather than hinder – the housing market!
Topics Covered
New York’s Multiple Dwelling Law
•Applies to Class A buildings
•Restricts from renting for fewer than 30 days if host isn’t present
•Designed to discourage commercial operators
•Amended in recent months to prohibit advertising (w/ fines of up to $7500 per infraction)
Negative aspects of the Multiple Dwelling Law
•Though the intention is to go after bad actors, it applies to a large number of hosts who are not commercial operators
•Without an education campaign, many are unfamiliar with the Class A distinction
•Might end up driving people out of their homes without Airbnb to help make ends meet
Why New York is taking such a hardline approach
•Commercial operators take properties off the market
•Pressure from the hotel lobby
Common sense compromises that would benefit the city
•Applying a nominal tax would generate revenue to build affordable housing
•Working with Airbnb to enforce the One Host, One Home policy
The benefits of embracing Airbnb in New York City
•Brings travelers who would not be able to afford a hotel
•Allows for a more efficient use of resources
•Provides a source of additional income for struggling artists, freelancers, etc.
•Creates jobs in the Airbnb ecosystem (cleaning services, contractors, etc.)
The MetroButler service
•Serves the New York metro area
•Provides “boots on the ground” for hosts while they travel
•Full Service option for a 25% commission
•Lite Service a-la-carte offerings (key exchanges, sheet rentals, etc.)
Connect with Brendan
MetroButler Website
Connect with Jasper
Email: jasper@getpaidforyourpad.com
Twitter: @GetPaidForUrPad
Instagram: @GetPaidForYourPad
Facebook: www.facebook.com/getpaidforyourpad
This episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests!
Today Jasper is on the line with Brendan MacKenzie, the founder of MetroButler, a short-term management company in New York. His background in law and familiarity with the Airbnb ecosystem make him the perfect candidate to explain what you need to know about the Multiple Dwelling Law and how it affects hosts in the Big Apple.
Beyond clarifying the laws around short-term rentals, Brendan breaks down the pros and cons of the city’s hardline approach as well as the opportunities NYC is missing out on by discounting Airbnb’s benefits. Listen in to understand New York’s housing crisis and how the city might compromise with Airbnb to help – rather than hinder – the housing market!
Topics Covered
New York’s Multiple Dwelling Law
•Applies to Class A buildings
•Restricts from renting for fewer than 30 days if host isn’t present
•Designed to discourage commercial operators
•Amended in recent months to prohibit advertising (w/ fines of up to $7500 per infraction)
Negative aspects of the Multiple Dwelling Law
•Though the intention is to go after bad actors, it applies to a large number of hosts who are not commercial operators
•Without an education campaign, many are unfamiliar with the Class A distinction
•Might end up driving people out of their homes without Airbnb to help make ends meet
Why New York is taking such a hardline approach
•Commercial operators take properties off the market
•Pressure from the hotel lobby
Common sense compromises that would benefit the city
•Applying a nominal tax would generate revenue to build affordable housing
•Working with Airbnb to enforce the One Host, One Home policy
The benefits of embracing Airbnb in New York City
•Brings travelers who would not be able to afford a hotel
•Allows for a more efficient use of resources
•Provides a source of additional income for struggling artists, freelancers, etc.
•Creates jobs in the Airbnb ecosystem (cleaning services, contractors, etc.)
The MetroButler service
•Serves the New York metro area
•Provides “boots on the ground” for hosts while they travel
•Full Service option for a 25% commission
•Lite Service a-la-carte offerings (key exchanges, sheet rentals, etc.)
Connect with Brendan
MetroButler Website
Connect with Jasper
Email: jasper@getpaidforyourpad.com
Twitter: @GetPaidForUrPad
Instagram: @GetPaidForYourPad
Facebook: www.facebook.com/getpaidforyourpad
This episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests!
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