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All Forum Posts by: Paul Mac

Paul Mac has started 0 posts and replied 4 times.

Innovative Strategies

Post: Can I STR with an apartment that I don’t own?

Paul MacPosted
  • Posts 4
  • Votes 6
Quote from @Matthew McKee:

I'm not giving any legal advice but in the words of Timothy Ferriss "Better to ask forgiveness than beg for approval" -Four Hour Workweek


 I love Tim... HIs book 4 Hour Work week is what shifted my mind to become and entrepreneur.   

2 Votes
Jersey City, New Jersey
Innovative Strategies

Post: Can I STR with an apartment that I don’t own?

Paul MacPosted
  • Posts 4
  • Votes 6
Quote from @Oladimeji Sonibare:
Quote from @Paul Mac:

@Oladimeji Sonibare I live in Florida now and I was a real estate broker in NYC for 11 years. 

I did airbnb in NYC. I managed 5 properties all near times square, rockefeller, and hells kitchen.  At one point it was legal and then it became illegal. I was doing was very short term(3 days and up).  Then NYC came up with an anti airbnb task force and then started implementing fines.  when the risk got too high i got out.  BUT!!!!! if my memory serves me correctly, you can still do short term in NYC if the term of the stay is above 30 days(I believe).... I've been living in florida now for 5 years so if my information is not current please forgive me. 

I can share with you some of my tips and tricks but this may be more of an offline conversation.  

 @Paul Mac


Nope. You’re actually spot-on. I discussed it with a lawyer yesterday and you’re only confirming what he told me. Thanks. I’m not exactly sure how to find a group willing to stay for 30+ days. I guess visiting executives? If I can find the kind of property to market to them, perhaps that could work. What do you think?


0 Votes
Jersey City, New Jersey
Innovative Strategies

Post: Can I STR with an apartment that I don’t own?

Paul MacPosted
  • Posts 4
  • Votes 6

@Oladimeji Sonibare I live in Florida now and I was a real estate broker in NYC for 11 years. 

I did airbnb in NYC. I managed 5 properties all near times square, rockefeller, and hells kitchen.  At one point it was legal and then it became illegal. I was doing was very short term(3 days and up).  Then NYC came up with an anti airbnb task force and then started implementing fines.  when the risk got too high i got out.  BUT!!!!! if my memory serves me correctly, you can still do short term in NYC if the term of the stay is above 30 days(I believe).... I've been living in florida now for 5 years so if my information is not current please forgive me. 

2 Votes
Jersey City, New Jersey
Innovative Strategies

Post: Can I STR with an apartment that I don’t own?

Paul MacPosted
  • Posts 4
  • Votes 6

the answer is yes.... its call rental arbitrage.  many people do it with the expressed consent of the property owner.  just make sure the owner is ok and the property you rent in is ok with it as well... 

2 Votes
Jersey City, New Jersey