Items Tagged with 'short-term rental'

ARTICLES

  • New York claims real estate brokers made $21 million through illegal Airbnb rentals

    Sues Metropolitan Property Group for allegedly violating short-term rental laws
    A group of New York City real estate brokers made $21 million through a series of illegal Airbnb short-term rentals in flagrant violation of the city’s short-term rental laws, the city claims in a new lawsuit. According to the city, Metropolitan Property Group, its owners, and others were repeatedly warned to stop violating the city’s short-term rental laws, but chose to continue to do so, earning more than $21 million in illegal revenue from Airbnb.
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  • Judge sides with Airbnb, HomeAway; blocks NYC law requiring sites to disclose user data

    Law will not take effect during court battle
    A federal judge on Thursday sided with Airbnb and HomeAway and blocked a New York City law that requires the short-term rental platforms to disclose a significant amount of user data. The preliminary ruling comes in a lawsuit filed against New York City by Airbnb over a new law that requires short-term rental sites to reveal hosts’ data.
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  • Massachusetts enacts new laws taxing and regulating short-term rentals

    Law takes aim at rise of Airbnb and the like
    A few months after initially approving new laws that regulate and tax short-term rentals in the state of Massachusetts, the state’s governor signed the laws into effect late last week. The laws take aim at the rise of Airbnb and similar short-term rental platforms in the state.
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  • WhyHotel raises $10 million to expand service that turns empty apartments into hotels

    Works with developers to use new units as hotel rooms during lease-up
    WhyHotel, a company that works with developers to turn newly built unleased luxury apartments into hotels, is set to expand thanks to a new capital raise. The company announced this week that it raised $10 million in its Series A funding round. The news comes just a few months after the company raised just shy of $4 million in its seed funding round.
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  • Airbnb settles with Aimco after being accused of allowing illegal short-term rentals

    Landlord claimed Airbnb was encouraging residents to violate their leases
    The legal battle between Airbnb and the Apartment Investment and Management Company over Aimco’s claims that Airbnb was encouraging residents to violate their leases by renting out their apartments on the short-term rental platform is now over. And everyone appears to be pleased.
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  • Airbnb is getting into the homebuilding business

    Will build homes designed for sharing
    There’s about to be a new homebuilder on the market, and it’s a name that you’re likely familiar with – Airbnb. Yes, the short-term rental platform, which to this point has specialized in helping people rent out their houses or apartments, is going to start building homes of its own, ones that are designed to be shared.
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  • Airbnb hires top Amazon exec as CFO as it moves toward IPO

    Dave Stephenson hired as chief financial officer
    Airbnb CEO Brian Chesky has said he plans to take the short-term rental company public before 2020, and now, the company has a new chief financial officer to help guide it through its initial public offering. Airbnb announced Monday that it is hiring Dave Stephenson away from Amazon to be its new CFO.
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  • Airbnb takes Boston to court over city’s “draconian” short-term rental rules

    Argues city’s laws violate Constitution, federal and state laws
    The city of Boston has new rules surrounding short-term rentals that are set to go into effect on Jan. 1, 2019. According to Airbnb, Boston’s short-term rental rules violate the Constitution, multiple federal laws, and Massachusetts state law. Airbnb also claims the city's rules threaten short-term rental sites with “draconian” punishments should they violate the city’s rules.
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  • Vacasa wants to help landlords turn empty apartments into short-term rentals

    Vacation rental management platform expands into multifamily
    Vacasa, which bills itself as the “largest vacation rental company” in North America and recently raised $64 million, now has its sights set on the multifamily industry. Vacasa announced Wednesday that it is expanding into the multifamily business by launching Vacasa Multifamily, a new initiative wherein the company will seek to partner with landlords in urban city centers to turn empty apartments into short-term rentals.
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