Welcome back, it’s a brand new day to talk about junk fees — as discussed on TikTok. A viral video posted by a comedian scoffs at short-term rentals and sometimes-exorbitant “host fees.”
While it may still be early to measure the impact of these restrictions on New York City’s short-term rental market, there are cues to be taken from similar laws passed in other cities around the world.
Airbnb has partnered with Sentral Wynwood in Miami, allowing apartment tenants to rent out their units for up to 75 days. When tenants choose to list their apartments, Airbnb will handle pricing, security, access for guests, and cleaning.
New York City's Office of Special Enforcement has approved only 257 out of 3,250 short-term rental host registrations before the September 5 enforcement deadline.
Few issues are as divisive among short-term rental hosts, property managers, online travel agencies and guests as refund policies following hurricanes, wildfires, and pandemics.