Airbnb has descended on America's small cities. Now locals must decide how to contain it. - Business Insider
Summary
This article discusses the impact of Airbnb on small cities in America and the need for local communities to decide how to manage its presence. Hosts should be aware of potential local regulations and the increasing influence of STRs in these markets.
Key Insights
- •Airbnb is significantly impacting small cities across America.
Action Items
- ✓Research local regulations regarding short-term rentals in your area.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to comply with local regulations can lead to penalties and potential loss of rental rights.
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.
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