Myrtle Beach to ban converting short-term rentals. What does this mean for hotel owners? - AOL.com
Summary
Myrtle Beach is banning the conversion of properties into short-term rentals. This means existing and potential STR owners in Myrtle Beach should understand how this impacts their investments and the local market. Further investigation into the specific regulations is recommended.
Key Insights
- •Myrtle Beach is enacting a ban on converting properties into short-term rentals, impacting the supply of STRs.
Action Items
- ✓Hosts with properties in Myrtle Beach should review the new regulations to understand how they affect their ability to operate as an STR or make future investment decisions.Effort: mediumImpact: high
Common Mistakes
- ⚠Failing to comply with the new regulations in Myrtle Beach could lead to fines and/or the inability to operate as an STR.
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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