Not necessarily. Many buildings including my own have rent-stabilized/controlled units that are still managed by the original owner of the building. The Board of Directors has little influence over these units.

Additionally, some of the people who have been caught AirBnBing are original members of the coop, so no vetting was required 30+ years ago.

Interestingly, instances of Airbnbing went down significantly after all residents were sent reminders that they could lose their proprietary leases if they were caught running hotels out of their respective apartments.