Breaking Trend: Homeowners Now Buying Homes to Rent on Airbnb

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    By New York RealEstateRama -

    New York, NY – October 8, 2013 – (RealEstateRama) — New York Attorney General Eric Schneiderman has given popular web rental service AirBed and Breakfast an ultimatum: provide user data on all 225,000 New Yorkers using the site by the end of the day, or risk legal action. As cities continue to crack down on unlicensed Airbnb sublet rentals, renters are taking a new tactic: maintaining their apartments but purchasing homes specifically to use as legal Airbnb rentals.

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