Chicago tries again to crack down on Airbnbs, vacation rental industry - Chicago Sun-Times
Summary
The city of Chicago is attempting to further regulate the short-term rental (STR) industry, which may impact existing and prospective hosts. Hosts should stay informed about potential new regulations and compliance requirements to ensure they are operating legally.
Key Insights
- •The city of Chicago is trying to crack down on Airbnbs and the vacation rental industry.
Action Items
- ✓Hosts should monitor local news and government websites for updates on STR regulations.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to comply with new regulations could result in fines or other 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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