By ZAW THIHA TUN Using Airbnb, a short-term rental service that enables homeowners or tenants to rent out properties for side income, is a huge hit with budget-conscious travelers. For regulatory boards around the world, however, it can be a challenge.
Among the problems that city governments and state regulators foresee with Airbnb is the potential to upend landlord-tenant relations (for example, a landlord could try to evict a tenant to charge higher short-term rents to vacationers). Regulators also fear a potential influx of travelers who will transform quiet residential neighborhoods into revolving hotel districts. There are also concerns about a current lack of oversight and accountability over Airbnb-related tax collection and adherence to zoning bylaws.
Read the full article at https://www.investopedia.com/articles/investing/083115/top-cities-where-airbnb-legal-or-illegal.asp
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