morgan brennen spent months investigating this cnbc exclusive, and that's next. >>> an emerging turf battle is underway betwe cities and upstart tech companies like air bnb that have beenapitalizing on the wild west landscape of the share econom it's valued at $31 billion, currently worth most of publicly traded hotel rivals. gigantic growth means big growing pains at the same time. >> air bnb unwelcomed guests is our investigation into that class between illegal short term rentals andtr rted regulations. they've worked with cities o craftthe world reasonable regulations. but not in miami beach, where the fight has no end in site. morgan brennen has that story. >> it's 9:00 on a saturday night, and we're ridingg al with miami beach code compliance. on the look out for illegal short term rentals. >> what are you looking for >> hopefully we can establish contact if it's o determine what is a violation. >> code compliance officer have seen it yl. large nois late night parties in residential neighborhoods. commercial shoots with a home investigated for short termnt complaints. and unwitt