English: The Entrance of Whitehouse Hotel at New York City, NY, USA. (Photo credit: Wikipedia)

Airbnb Rentals No Longer Legal In New York City

The company Airbnb, which is short for AirBed & Breakfast made the news recently when a judge in New York City declared that the company was violating NYC rental laws and was promoting illegal rentals. The company which was founded in 2008 offers a place for homeowners and renters to rent their home or room for a few days at a time to out of town guests. Although an extremely popular company in over 30,000 cities spanning over 190 countries the company came under fire on May 20th for being in violation of rental laws.