Short-Term Rental Crackdown Starts to Bite Some Airbnb Hosts
- US cities with strict limits see drop in short-term rentals
- Hosts see demand rise for longer stays that avoid legal risk
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.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
Legal and regulatory hurdles for people offering their homes for short-term rental on sites like Airbnb Inc. and Vrbo are upending the market for vacation properties.
From New York to California, cities are cracking down on short-term rentals with bans, license 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.