Minneapolis cap on short-term rentals upsets operators, developers - Star Tribune
Summary
This article discusses a new cap on short-term rentals in Minneapolis, which is upsetting to operators and developers. Hosts in the Minneapolis area should monitor local regulations and consider how the cap might affect their business.
Key Insights
- •A new cap on short-term rentals in Minneapolis is upsetting operators and developers.
Action Items
- ✓Hosts in Minneapolis should monitor local news and government websites for details on the new cap and any associated regulations.Effort: lowImpact: high
Common Mistakes
- ⚠Failing to comply with the new cap could result in fines or the inability to operate.
More from Regulations & Compliance
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A 21-unit vacation rental in Dunedin, Florida, has been approved, signaling potential growth in the local short-term rental market. This approval could lead to increased accommodation options for tourists visiting the area. This news could also influence local regulations.
St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
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