The state of the STR industry with Rent Responsibly (Ep 614)
Summary
This podcast episode with Dave Krause of Rent Responsibly discusses the evolving landscape of STR regulations and the importance of host involvement in shaping them. It highlights that regulations are shifting towards density limits and other measures beyond initial concerns like noise, and that hosts should get involved in local groups to advocate for fair regulations.
Key Insights
- •The primary concerns for cities regarding short-term rentals have shifted from party houses and noise to housing and housing policy issues and limiting proliferation.
- •The number of cities addressing short-term rental regulations increased 45 times from 2019 to 2022.
Action Items
- ✓Hosts should get involved in local short-term rental groups to advocate for fair and balanced regulations in their communities.Effort: mediumImpact: high
Tools & Resources
- →Rent Responsibly: Rent Responsibly is a community building and education platform for short-term rental owners, operators, and other industry stakeholders.
Common Mistakes
- ⚠Failing to get involved in the conversation around local regulations could lead to unfavorable restrictions that hinder the ability to thrive.
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