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Aldermen Looking to Regulate Chicago Airbnb Hosts

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A handful of aldermen are looking to clamp down on the unregulated short term rentals through Airbnb, Crain's reports. The service has grown considerably in the last several months, but some aldermen say that it represents an unfair competitive advantage to hotels, and in some cases, Airbnb rentals can simply just be a downright nuisance to some neighbors. Ald. Michele Smith (43rd), Ald. Brendan Reilly (42nd) and Ald. Brian Hopkins (2nd) have co-signed a letter to the city's Department of Business Affairs and Consumer Protection indicating that the city has issued that fewer than 200 vacation rental licenses for short term rentals. Airbnb currently features about 3,000 listings for Chicago alone. Similar to the sharing economy companies like Uber and Lyft that have "disrupted" the cab industry, Airbnb may become the City Council's next target for licensing, taxes and safety inspections.
·Aldermen seek crackdown on Airbnb scofflaws [Crain's]
·Here's how big Airbnb has gotten in Chicago [Crain's]
·Previous Airbnb coverage [Curbed Chicago]