These homeowners faced an Airbnb nightmare as renters left them facing huge fines and angry neighbors
CNBC – Top Business Stories
Drew Grewal faced fines of nearly half a million dollars because his Miami Beach home was being listed illegally on Airbnb. In Miami Beach — as in New York, San Diego and many other U.S. cities — short-term rentals of the kind facilitated by Airbnb, VRBO, Tripadvisor and others are strictly limited. Laws, fees and taxes vary regionally, but fines for violations are typically high. In Miami Beach, the fines run at $20,000 for a first violation and rise from there. When the first notice arrived on…