Myrtle Beach to ban converting short-term rentals. What does this mean for hotel owners? - Myrtle Beach Sun News
Summary
Myrtle Beach is banning the conversion of properties into short-term rentals, which could impact the supply of available rentals. Hosts in Myrtle Beach should monitor local regulations and stay informed about zoning changes that may affect their ability to operate or expand their STR business.
Key Insights
- •Myrtle Beach is banning the conversion of properties into short-term rentals.
Action Items
- ✓Hosts should monitor local news and government websites for updates on short-term rental regulations in Myrtle Beach and other areas where they operate.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to comply with local regulations, including those related to property conversions, can result in fines and the inability to operate short-term rentals.
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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