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How Airbnb is Affecting the Multifamily Sector

IRVINE, CA—Many cities and counties have moved aggressively to regulate, restrain and tax short-term rental housing in the wake of sites like Airbnb and VRBO becoming explosively popular, Manly, Stewart & Finaldi’s Morgan Stewart tells GlobeSt.com EXCLUSIVELY.

Morgan Stewart Stewart: “Under California law, once an occupant stays for more than 30 days in a rental unit, that person gains the rights of a tenant.”

IRVINE, CA—Many cities and counties have moved aggressively to regulate, restrain and tax short-term rental housing in the wake of sites like Airbnb and VRBO becoming explosively popular, locally based Manly, Stewart & Finaldi partner Morgan Stewart tells GlobeSt.com. We spoke with Stewart about how the multifamily sector is being impacted by these burgeoning sites and some of the legal issues surrounding them.

GlobeSt.com: How are multifamily property owners being impacted by Airbnb, VRBO and other similar entities?

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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