Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 11 years ago on . Most recent reply

User Stats

3
Posts
0
Votes
Sarvar Azamov
  • San Diego, CA
0
Votes |
3
Posts

Using property as short term stay (BnB)

Sarvar Azamov
  • San Diego, CA
Posted

2 years ago my partner decided to try one of our apartments as a short term stay also known as bed and breakfast. We took one of our models and listed it on BnB websites, once we started to get people, he decided to increase the number of units to 12, then to 30 now he is planning to have 70. Does any one know if it is OK to operate like a hotel in an apartment building and what might be a consiquencies? I know that BnBs are forbidden in NY. Don't want to have any problems because of my partners greediness.

Any recomendations will be appreciated.

Thanks

Most Popular Reply

User Stats

8,383
Posts
4,385
Votes
Colleen F.
  • Investor
  • Narragansett, RI
4,385
Votes |
8,383
Posts
Colleen F.
  • Investor
  • Narragansett, RI
Replied

This violates a number of town and local ordinace depending on where you are. You need a short term lodging license.

I was involved in a ski club that purchased a house for member use and they spent thousands going to court over the fact that we were not hotel or lodging establishment even though people were charged by the night for use. It can get costly.

It also runs afoul of the neighbors who tend to make an issue over such things. and you may need to charge hotel tax in some areas.

In sum , check your local ordinances and see a lawyer. I would not do it if I did not know I had a legal right to do so. Even then my ski club experience taught me that you can be within the confines of regulations and it will still cost you to prove it.

Loading replies...