Investor · New York City, NY · Member since 2017 · 48 posts · 14 votes
We are rehabbing a 7 unit property in Union City, NJ. The city doesn't allow rent increases for rehabs or condo conversions so we're looking at AirBnB as a commercial strategy. There is an ordinance prohibiting <30 day rentals. When I go on AirBnB I see literally >1000 short term rentals in Union City NJ.
Does anyone have any experience with interactions with Union City over AirBnB? Do they enforce their ban? Are >30 day rentals legal?
We are in a similar situation. We were considering a potential multi family house in Union City with the idea that we will live in one unit and rent out the other units. We were planning to take substantial renovation. The thing I am uncertain of will UC allow rent increases upon renovation.
Appreciate any inputs here
As long as you occupy one of your units you are exempt from rent control and can set the rents at whatever amounts you’d like. What I don’t know is: (1) does that apply if the previous owner did not occupy and his tenants are under rent control currently. (2) whether what i said applies to buildings with four units or more (mine is three). Call UC they’re helpful over the phone.
@Lloyd Spencer Need to check with local ordinance to see what exactly is allowed. There are definitely areas where people are doing Air BNB even though its technically not allowed. There is obviously some risk to this, but its also clear some cities/towns are not enforcing it. You may want to consider Mid term Rentals as an option if the regulation states no rentals <30 days.
We are rehabbing a 7 unit property in Union City, NJ. The city doesn't allow rent increases for rehabs or condo conversions so we're looking at AirBnB as a commercial strategy. There is an ordinance prohibiting <30 day rentals. When I go on AirBnB I see literally >1000 short term rentals in Union City NJ.
Does anyone have any experience with interactions with Union City over AirBnB? Do they enforce their ban? Are >30 day rentals legal?
Thanks in advance for any tips!
Union City DOES NOT allow the Airbnb.
However, they do not enforce it a lot.
So it's your choice. No one will bother you if you rent 1 or 2 units personally.
But if you are doing 20-30 listing at the same time using the same company account, that's another story.
We are in a similar situation. We were considering a potential multi family house in Union City with the idea that we will live in one unit and rent out the other units. We were planning to take substantial renovation. The thing I am uncertain of will UC allow rent increases upon renovation.
We are in a similar situation. We were considering a potential multi family house in Union City with the idea that we will live in one unit and rent out the other units. We were planning to take substantial renovation. The thing I am uncertain of will UC allow rent increases upon renovation.
Appreciate any inputs here
As long as you occupy one of your units you are exempt from rent control and can set the rents at whatever amounts you’d like. What I don’t know is: (1) does that apply if the previous owner did not occupy and his tenants are under rent control currently. (2) whether what i said applies to buildings with four units or more (mine is three). Call UC they’re helpful over the phone.
I see a lot of misinformation over Union City's rent control law in this thread. Union City has updated their Rent Control ordinance over the last several years, but has not updated their E-Code. Visit the rent control office and they can provide you with a copy of the ordinance. Make sure you hire an attorney who has experience with rent control in Union City.