Benefits of starting your own local STR alliance (Ep544)
Summary
This podcast episode discusses the increasing trend of stricter STR regulations and encourages hosts to form local alliances to advocate for their interests. It highlights the benefits of getting involved in local policy and provides resources to help hosts start their own alliance.
Key Insights
- •The COVID-19 pandemic and the rise of remote work have increased the popularity of STRs.
- •Stricter regulations on STRs are being implemented by local, state, and global authorities due to the affordable housing crisis.
Action Items
- ✓Consider joining forces with other hosts to start an STR alliance in your local area.Effort: mediumImpact: medium
Tools & Resources
- →Rent Responsibly: Resources are available through Rent Responsibly.
- →DIY Alliance: The podcast mentions resources such as the DIY Alliance from Rent Responsibly.
Common Mistakes
- ⚠Failing to engage at the local level could result in potentially illegal regulations being passively accepted.
More from Regulations & Compliance
Carson City, Nevada, is refining its short-term rental regulations. City supervisors are currently reviewing and modifying the local ordinance during a retreat. This review aims to address operational aspects, potentially impacting local hosts through new or revised rules, emphasizing compliance.
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.
Curated by Learn STR by GoStudioM