![]() This can be a great alternative to taking on a second job or picking up more hours at your current job. By renting out extra space in your home, you can earn extra money that may help to offset your monthly rent or mortgage costs. Perhaps the biggest draw of Airbnb hosting is that of bringing in additional income. ![]() There are several benefits to consider when it comes to becoming an Airbnb host. Doing so can help you make a more informed decision and potentially help you avoid costly penalties or fines down the road. Before you do, however, it’s important to not only weigh the pros and cons of Airbnb hosting but to be aware of NYC’s strict laws and regulations that are in place regarding these types of rentals. If you live in New York City, you may be toying around with the idea of becoming an Airbnb host yourself to take advantage of this high demand for rentals. Many travelers also feel as though an Airbnb (or similar) rental provides a more authentic experience than a hotel. ![]() Not only can NYC hotels be expensive, but availability may be limited-causing many travelers to turn to services like Airbnb to find rentals. After all, NYC is one of the biggest tourist travel destinations in the world. It’s no secret that the demand for vacation rentals and other short-term rentals in New York City is sky-high.
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