Cities Are Cracking Down on Short-Term Rentals. Here’s How - Bloomberg.com
Summary
This Bloomberg article discusses the increasing trend of cities implementing stricter regulations on short-term rentals. Hosts need to stay informed about local laws, as these crackdowns can impact their ability to operate and potentially lead to penalties.
Key Insights
- •Cities are increasingly cracking down on short-term rentals.
Action Items
- ✓Hosts should stay informed about local regulations and any new changes impacting their ability to operate.Effort: lowImpact: high
Common Mistakes
- ⚠Failing to comply with local regulations can lead to penalties.
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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