Hicks: Folly's only hope in the short (and long) term is compromise - Post and Courier
Summary
This article discusses the importance of compromise in Folly Beach's short-term rental market. Hosts in Folly Beach should stay informed about local regulations and be prepared to adapt to maintain a sustainable STR business.
Key Insights
- •The article's focus is on the future of STRs in Folly Beach, suggesting potential changes to regulations or the market.
Action Items
- ✓Hosts operating in Folly Beach should actively monitor local news and government communications for updates on STR regulations.Effort: lowImpact: medium
Common Mistakes
- ⚠Failure to adapt to changing local regulations could lead to non-compliance, potential fines, and the inability to continue operating a short-term 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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