Rent-stabilized tenant evicted after cashing in on Airbnb : Great Moments of Rent Control

The New York Post reports:

This could help doom scores of Airbnb rentals.

A Manhattan Housing Court judge has ruled that rent-stabilized tenants can’t double-dip — or get a financial break and turn around and make money peddling their pads to tourists on websites such as Airbnb.

The ruling is the first to outright evict a tenant under rent controls without giving him a second chance, said Frank Ricci of the Rent Stabilization Association, which represents more than 25,000 landlords.

And the decision lays down the law for most of the 35,354 Airbnb listings in the city, whose hosts make about $304 million in revenue, said state Sen. Liz Krueger, an opponent of the site.

“This decision reinforces what tenant advocates and I have been saying all along — almost all NYC residents who list their homes on sites like Airbnb are violating the terms of their leases and putting themselves at risk of eviction,” Krueger said.

The great moments of rent control!