Navigating NYC's Short-Term Rental Market: Tips for Landlords

Sergii Starostin, CEO of Outpost Club, shares tips for landlords navigating New York City's short-term rental landscape. In 2022, authorities implemented Local Law 18, changing the rental scene with strict criteria and limitations. To adapt, some landlords turned to risky alternatives. As the market evolves, predictions suggest a rise in the rental black market due to high demand in NYC's boroughs. This could lead to property damage, theft, and payment issues, highlighting the importance of legal rental options. Landlords can choose between short-term and long-term rentals to generate income.