"It was my main job, and a well-paying job," he says now. Since leaving a corporate gig in 2012, he'd acquired seven different rentals he would rent out on Airbnb.
As Quartz, the New York Times, and Thrillist have pointed before, Airbnb's practices tend to grate against local housing regulation in many destinations. Those markets include New York, Los Angeles, San Francisco, Washington, DC, and more. Miami Beach, part of Airbnb's fourth-largest U.S. market, cracked down on short-term rentals to the tune of $1.6 million in fines in just five months earlier this year.
The company in turn has fought for its right to rent, with mixed results. The company sued New York City in October, electing to drop and settle the suit last week. Per the terms of the settlement, which goes into effect today, New York City "enforces the new law only against hosts and does not fine Airbnb."