See NY Times story, A Place for Short-Timers to Park.
Friday, April 22, 2011
NY Short Term Rentals Law
Oaks Group should be happy that they don't do business in NY. A recently enacted law prevents short term rentals of apartments. That seems like a good idea to me. Apart from fire and safety issues, if you buy to live in an apartment building, it is not much fun having people stay next door thinking it is a hotel.