New NYC legislation could bring back some short-term rentals. There's plenty of opposition. - CBS News
Summary
New York City is considering new legislation that could impact the legality of short-term rentals. Hosts should be aware of these potential changes as they may affect their ability to operate in the city.
Key Insights
- •New NYC legislation could bring back some short-term rentals.
Action Items
- ✓Monitor the NYC legislation. Stay informed about any potential changes that may affect your operations.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to comply with new regulations could result in fines or the inability to operate.
More from Regulations & Compliance
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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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