Short-term rental crackdown starts to bite some Airbnb hosts

Short-term rental crackdown starts to bite some Airbnb hosts
Many hosts concerned about the risk of penalties or legal costs are turning away from short-term vacationers to focus on month-to-month rentals. (Image: Gabby Jones/Bloomberg)
Bloomberg
By Teresa XieLegal and regulatory hurdles for people offering their homes for short-term rental on sites like Airbnb and Vrbo (Vacation Rentals by Owner) are upending the market for vacation properties.From New York to California, cities are cracking down on short-term rentals with bans, licence requirements or limits on how many people can offer their homes for stays of 30 days or less. Airbnb and property owners are fighting back in court, but their lawsuits so far have had little success.Many restrictions were imposed just as cities wer...

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