NY shut down all Airbnb.

Because they are direct income producers, companies rarely lay them off unless the business shuts down operations.Over the last +15 years, rental income from our target segment has been very consistent.

I'm sure we'll see more shifting after Aug 1.Major players in the STR property management sphere have begun shutting their doors or shifting their business model away from STRs. 

She actually shut it down on account of their daughter being born and not covid, though the timing was similar.Best of luck!

This also is what gets you financial freedom so you can spend time with your family and give your time to charities and serving at your church.

My city is shutting down short term rentals, so I was about to sell but then a lead came in from Furnished Finder.

My mistake was not shutting it down right away.. instead of trying to let him rectify.. they never get better I know that and broke that rule too... but hey can't win em all.

I already have an LLC one setup because at one time, I had planned on buying the property with it but decided to just get one in my name instead and I am trying to see if there is still a use for it or if I should just shut it down.

However, this home has no furnace, water heater, or AC unit (destroyed in flooding; power was shut off to house, sump pump didn't run, basement flooded) I estimate this to cost about ~20-25k and the whole house needs updating/reno.

First off my concern would be that if the exception isn't granted you are now on their radar as not being in compliance and they could shut you down and make you oust one of your tenants.