New York City Co-op Airbnb?

[Ryan Burch]

Hey guys, so I don't know much about New York or New York City but I'm wanting to buy an Airbnb property in NYC. Most of the listings I'm seeing say that they're co-ops and that renting isn't allowed. Is this a concern or should I just ignore it and proceed?

Any advice from locals or people with experience would be appreciated. Thanks!

[Milan Obradovic]

Ryan Burch hey Ryan, my advice being someone who has dealt with Co-op boards that allow and do not allow rentals, I personally would not move forward if they have a restriction on subletting the apartment. Reason being, the co-op board members that live in those buildings will quickly realize that you are going against the rules of the board and can make your life hell. There are buildings where subletting is allowed after a year or two of residence, but rules are different for each management and property. That being said, if you come across a condo, you can do with it as you please.