NYC to AirBnB: All Your Data is Belong to Us
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  • USNK2

    NY AG Schneiderman may indeed be solely concerned with collecting the ‘hotel tax’ from Airbnb clients.

    However, you can bet Mead Manor that the real issue is that Big Real Estate does NOT want anyone, whether it is a condo, co-op, or rental, to lose control over who is sleeping in anyone’s apartment.

    A far better priority would be to finally deal with the plague of co-operative apartments in the outer boroughs with Boards of Directors who defer all to the Managing Agent, who needs NO license other than that of a real estate broker.

    Because NYS law only requires disclosure of structural failure in sales of one-to-four family homes, Managing Agents have zero incentive to maintain the physicial structure of these co-operative corporation apartment buildings, many built in the 1920’s.

    When AG Schneiderman takes a hard look at what is happening at Brady Court Co-operative in Pelham Parkway, The Bronx, maybe he can gain credibility as someone not hostage to Big Real Estate, of which the Schneiderman family business is a member.

    Managing Agents and their Building Managers need to be licensed so they know the difference between mortar and caulk, as one example.

    Boards of Directors of co-operative corporations need to know they have fiduciary obligations as Directors of corporations governed by NYS Business Law.

    And, there must be a mechanism for replacing clueless co-op Boards to avoid more Brady Courts.

    It is also the height of hypocrisy that mayoral candidates always pledge more “affordable housing” when they always fail to notice the thousands of outer borough co-operatives being destroyed by clueless Boards and ignorant Managing Agents.

    Tackling Airbnb is solely a distraction from the far more destructive consequences of the complete failure of New York State to license Managing and Building Agents, and require disclosure of structural failures for ALL sales, in order to force Boards and their Agents to take preservation of the building structure seriously.

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