New Yorkers hoping to make a little extra cash by renting out their apartments on a short-term basis may want to think twice: The city has ruled that Airbnb is illegal in New York City.
Metro reported last week that East Village resident Nigel Warren was in hot water after running afoul of a 2011 illegal hotel law by using the web-based service to rent out his apartment for three nights. The law bans anyone from renting out their property for less than 29 days.
Following the ruling, Warren owes the city $2,400 in fines.
But Business Insider reports that would-be black-market landlords only risk getting in trouble if a complaint is filed, which is good news for the people behind nearly 23,000 New York listings currently posted on Airbnb.
