Maui’s Mayor Bissen would accept any vacation rentals for long-term housing - Honolulu Star-Advertiser
Summary
Maui's Mayor is open to converting vacation rentals into long-term housing. This could impact your occupancy rates and long-term rental income. Hosts should consider potential shifts in the local market.
Key Insights
- •Maui's Mayor is open to allowing vacation rentals to be used for long-term housing.
Action Items
- ✓Hosts should monitor occupancy rates and evaluate potential shifts in demand. They might also consider mid-term rentals.Effort: lowImpact: medium
Common Mistakes
- ⚠Failure to adapt to changing market conditions could lead to decreased occupancy and rental income.
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.
Curated by Learn STR by GoStudioM