Yes, this time the Province of British Columbia is giving condominium corporations the power to ban short term rentals in their bilaws and fine owners or residents up to $1,000 per day. The City of Los Angeles just passed a new motion that limits owners from renting their property for more than 120 days a year, and New York City increased their budget for enforcement and will hire 50 more employees to crack down on illegal short term rentals.

Short Term Rentals Are Under Assault Again

by Victor Menasce | Real Estate Espresso Podcast