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The rules date back to when I and the rest of the board put them into effect a few months ago. I can't imagine a situation where the option to short-term rent w

The rules date back to when I and the rest of the board put them into effect a few months ago. I can't imagine a situation where the option to short-term rent will ever increase property value. We have had short-term rental guests not obey other condo rules and cause damage / mess within the common areas of the building. The minimum rental period in our building is 12 months and we do not wish anyone sharing our common elements for a time period less than that. Everyone in the building is free to disagree, vote us out, then change the policy, but no one has expressed any desire to change this policy.

gojomo 13y ago
Thanks for your answers. Do you know if the problematic short-term guests came via Airbnb or some other avenue? "No one has expressed any desire to change the policy" - not even the people who've been fined? (Were they renters subletting, or owners flaunting the rules?)
- apaprocki 13y ago
  The unit that caused the biggest problem was listed on 2+ sites, so it is unclear which guests came from which platform. The person previously renting (an owner) ignored multiple requests to stop and only stopped when a fine was introduced. In the NYC market these situations can be very profitable so it is in the renter's/owner's interest to break the rules as much as they feel they can get away with until the equation no longer becomes profitable. This is how condo boards fight the situation -- the fines have to be heavy enough that it impacts the profitability of the entire concept. The condo board is in a position to put a lien on the unit for the money owed, so owners can not ignore the rules without potentially severe consequences.
  - gojomo 13y ago
    But it's clearly more than "no one" would would like to pursue this profitable opportunity without fines, right? (Maybe they're the kind of people who don't show up and vote at condo association meetings, but presumably they're not voting in favor of the rules/fines but then blatantly violating them.)

gojomo 13y ago

Thanks for your answers. Do you know if the problematic short-term guests came via Airbnb or some other avenue? "No one has expressed any desire to change the policy" - not even the people who've been fined? (Were they renters subletting, or owners flaunting the rules?)

apaprocki 13y ago
The unit that caused the biggest problem was listed on 2+ sites, so it is unclear which guests came from which platform. The person previously renting (an owner) ignored multiple requests to stop and only stopped when a fine was introduced. In the NYC market these situations can be very profitable so it is in the renter's/owner's interest to break the rules as much as they feel they can get away with until the equation no longer becomes profitable. This is how condo boards fight the situation -- the fines have to be heavy enough that it impacts the profitability of the entire concept. The condo board is in a position to put a lien on the unit for the money owed, so owners can not ignore the rules without potentially severe consequences.
- gojomo 13y ago
  But it's clearly more than "no one" would would like to pursue this profitable opportunity without fines, right? (Maybe they're the kind of people who don't show up and vote at condo association meetings, but presumably they're not voting in favor of the rules/fines but then blatantly violating them.)