Property Management News

A NYC tenant is facing $7,000 in fines after subletting his room as a vacation rental for three nights. According to a report, the tenant allegedly placed a listing in Airbnb, an ever-popular networking service that matches vacationers with private rooms in residences throughout the world. The tenant is believed to have rented out his room for three nights at about $100 per night while he, too, was on vacation. New York City lawmakers have taken steps to end the practice by prohibiting short-term rentals to strangers in residential properties. The law was designed to protect the hotel industry, which stands to suffer great losses. The law makes an exception for overnight guests as long as... Read more

Florida’s legislature recently passed amendments to the state’s landlord-tenant laws that appear to provide more rights — and fewer burdens — for landlords. Included in the multiple revisions to the state’s rental laws are: A provision that gives tenants only a 3-day grace period before a landlord can file for eviction for failure to pay rent; The right to evict tenants without providing additional notice for a second offense within one year. The statute includes unauthorized guests, cars or pets, poor housekeeping and parking violations as grounds for eviction; The right to continue an eviction in some cases when the tenant submits partial rent payments;... Read more