VRMA Administrator
About 1,500 landlords have signed up to ban short-term rental listings in their New York City buildings, four days after the city opened a registration portal meant to regulate hosting through rental platforms. The portal has two parts: one for hosts registering their units and another for property owners who want to forbid short-term hosting. There were about 50 hosts who completed their applications for registration, while dozens more hosts had started the process. Between the banned building list and the host registration requirement, the process is likely to shrink the number of short-term rentals available in the city when enforcement begins later in the year. At that point, rental platforms will no longer be able to process bookings attempted for unregistered units.
Crain's New York Business (03/10/23) Cara Eisenpress
