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Updated over 1 year ago on . Most recent reply

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43
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Lloyd Spencer
  • Investor
  • New York City, NY
14
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43
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Union City rent control

Lloyd Spencer
  • Investor
  • New York City, NY
Posted

We are rehabbing a 7 unit property in Union City, NJ. The city doesn't allow rent increases for rehabs or condo conversions so we're looking at AirBnB as a commercial strategy.  There is an ordinance prohibiting <30 day rentals. When I go on AirBnB I see literally >1000 short term rentals in Union City NJ.

Does anyone have any experience with interactions with Union City over AirBnB? Do they enforce their ban?  Are >30 day rentals legal?

Thanks in advance for any tips!

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Quote from @Bala Muthukrishnan:

We are in a similar situation. We were considering a potential multi family house in Union City with the idea that we will live in one unit and rent out the other units. We were planning to take substantial renovation. The thing I am uncertain of will UC allow rent increases upon renovation.

Appreciate any inputs here

As long as you occupy one of your units you are exempt from rent control and can set the rents at whatever amounts you’d like. What I don’t know is: (1) does that apply if the previous owner did not occupy and his tenants are under rent control currently.  (2) whether what i said applies to buildings with four units or more (mine is three). Call UC they’re helpful over the phone. 

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