Arnstein's Chicago Partner Quoted in Chicago Tribune on Airbnb Rentals

Arnstein's Chicago Partner Quoted in Chicago Tribune on Airbnb Rentals
March 16, 2015

[caption id="attachment_2867" align="alignleft" width="105"] David Sugar[/caption]

On March 12, David Sugar was quoted in the Chicago Tribune article, “Grateful Dead show puts Airbnb rentals under watchful eye of landlords.” According to the article, apartment and condo building managers are going to be more vigilant about policing their units as Airbnb and similar online room-sharing services in Chicago continues to rise, particularly during the busy summer season. Mr. Sugar said, "The Grateful Dead is a good example but this problem erupts every summer.” He explained aspects of Chicago condo building rules and the repercussions if an owner does not have the condo board’s approval to sublease their unit. "In certain buildings it has become a plague and the board has pushed back in a very public way," he said. "The fines have been per rental. The user review comments provide a road map of when the unit is rented. The fines, in my experience, can be equal to or greater than the rent."