‘It’s over the top’: City upholds $55K penalty for illegal short-term rental - Las Vegas Review-Journal
Summary
A city upheld a $55,000 penalty for an illegal short-term rental. Hosts should ensure they are compliant with all local regulations to avoid significant fines and legal issues.
Key Insights
- •A city upheld a $55,000 penalty for an illegal short-term rental.
Action Items
- ✓Hosts should ensure they are compliant with all local regulations.Effort: lowImpact: high
Common Mistakes
- ⚠Operating an illegal short-term rental can result in substantial financial penalties.
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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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