City calls on lenders in vacation rental crackdown - Hawaii News Now
Summary
This article reports on a city's crackdown on vacation rentals by involving lenders. Hosts should be aware of potential new regulations and ensure their rentals are compliant to avoid issues.
Key Insights
- •The city is involving lenders in the enforcement of vacation rental regulations.
Action Items
- ✓Review local regulations and ensure your rental meets all current requirements to avoid potential penalties.Effort: lowImpact: high
Common Mistakes
- ⚠Failing to comply with local regulations, including potentially those related to financing, could lead to fines, revocation of permits, or other legal issues.
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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