New residence requirements for Airbnb listing

[Seb Ko]

Anyone familar with listing an Airbnb listing in last few months? Are there additional primary residence requirements such as homeowners exemption required, or anyone know if this is coming down the line?

[Henry Lazerow]

Victor is right they are becoming significantly more strict at approving these. The plus side is the airbnb supply has fallen and we have noticed a HUGE increase in our gross STR rents, roughly 20% higher then a year ago. It's a little harder to get them approved but still very doable. You need make sure your ID also says the unit number, the city will not approve you if it only says the building. There also are options for 5+ unit buildings where do not need to occupy and can even have more then one airbnb in city if own those.