Michigan cities ban short-term rentals — a black market is sure to follow - Mackinac Center
Summary
Some Michigan cities are banning short-term rentals, which could create a black market for STRs. Hosts in these areas may face increased risk of operating outside of legal boundaries.
Key Insights
- •Michigan cities are banning short-term rentals.
- •A black market for STRs is likely to follow bans.
Action Items
- ✓Hosts should review local regulations regarding STRs in their area and understand the consequences of non-compliance.Effort: lowImpact: high
Common Mistakes
- ⚠Operating without proper permits or in violation of local bans could lead to legal consequences, including fines and potential closure of your rental.
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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