All Forum Posts by: Account Closed

@Victoria C. This is what you and/or your tenant would have to comply with, in order to legally get into short term rentals in Sacramento. The requirements vary per city. 

What usually happens in most cases is that the tenant doesn't bother to comply with any of these nor does airBNB try to ensure the tenant is in compliance with city. 

Regardless, the landlord is who gets fined for the violations, despite the fact that the tenant and airBNB were the profiting entities. 

This is what is also causing landlords to sue tenants in some cases and city suing some landlord using airBNB themselves without getting compliant with the city.

These are other articles on the matter

https://www.bizjournals.com/sacramento/news/2017/0...

@John T.  lol... no it isn't... you had mentioned initially that you wanted to do a seller financing for a term of 5 years and total mortgage principal of $135,000. You also mentioned that for the entire 5 years, you wanted whoever the borrower was to pay back $140,000; so thats only a total interest of $5000 in 5 years. For that to happen... that would be the rate you would charge, anything more, you would exceed $5,000 in interest earnings.

@Michael Biggs oh they don't have to look too hard for the facts.... the fact is, many businesses often have to obtain a license to operate in a particular industry, based on the specifics of that industry. There usually are certain conducts that violate set rules in many industries and when that happens, someone gets fined, looses their license or both. They want to be exempt from the fines.

It cost money to enforce rules on the book. If AirBNB isn't paying for its cost of doing business, making billions of dollars a year, why does it make sense to have the cities and states tax its citizens, to fund investigations and compliance, just so the responsibility of AirBNB vetting of its customers can be paid for with tax dollars? 

Literally, in its lawsuit against one of the cities, it says: if we have to comply, "its going to hurt our earnings". Only enforce the rules against violating tenants, not us.

Really?

Actually there are others including also internationally but in the US the two largest markets where the issues seem to be popping up is in New York and California. Germany, Spain etc. they also have issues there.

Another issue they face is they can't choose to comply with laws in certain markets and then try to bully or violate laws in other markets. They had also sued San Francisco also, prior to settling.

It appears they are trying to go public but these are issues they are better off addressing prior.

https://www.nytimes.com/2017/05/01/technology/airb...

lol @Kevin... you have made multiple outrageous comments on the issue and had to be corrected. And here is a business and shall we say legal lesson for you and airBNB... frivolous lawsuits don't fix a defective business model.. neither does bullying. They mess around and draw the wrong card.. or shall we say the right card and the only case they're going to be busy filing is bankruptcy real quick. Understand this... airBNB doesnt pay the landlord's mortgage or the violation fees landlord's are getting hit with for violating rental laws. The landlord has every right to determine who he legally rents his property to...the city or state has every right to regulate the rental business as it sees fit for the public benefit... and without giving  a flying f%^#*&%@ what airBNB thinks. 

@Amy Ranae lol... good :) With the low inventory, if the demand for rentals is strong... there might be an opportunity. There is always value in getting deals that were unlisted, if in the correct area too... 

@Kevin Coggins Then why would airBNB be suing New York State to change its laws pertaining to the regulation of short term rentals? This is a very clear cut issue.

@Bettina F. The bully here is airBNB, they are actually suing the cities/states to change their law so it could continue to make money, illegally. There is always someone trying to spin this into something else... suddenly this is a matter of the government trying to interfere with the free market when you have a corporation trying to meddle with and influence the affairs of the state so it can profit at the expense of the cities and in some cases landlords.

 @Kevin Coggins I guess the ones needing saving is airBNB. Whinning to the federal government that if the state or cities enforces its law, its going to affect its earnings? and that the state/cities change its law, so airBNB can continue to make money, illegally? Am I even hearing this whole mess correctly? This is actually the biggest joke of the century. What? Not to sound insensitive to those trying to make some side money.... but if airBNB is having problems brokering the illegal selling of weed without a license, you don't go to the federal government to file a lawsuit against the state or city, because it would result in a decline of airBNB's revenue if the state enforces its laws.

@Angela Yan AirBNB has some nerve... can you believe they are going around bullying and suing cities/states to change their law to avoid them sustaining economic injuries? And some of the cities are caving? How pathetic!

The Governor of New York state for instance signed a law, imposing fines of a certain amount for some of the illegal renting going on on airBNB and airBNB filed a law suit against them? Trying to tell the state what it should do so it could continue to make money illegally? And this is even a discussion?

They eventually claimed to settle the suit if New York state only applied the law to tenants since like they've always said, it would hurt them economically. So they know about the violations. You don't bend to bullies you grab them by the throat!