Hawaii passes Airbnb ban law to protect locals – 7K vacation rentals phased out - MSN
Summary
Hawaii has passed a new law that effectively bans short-term rentals, leading to the phase-out of 7,000 vacation rentals. Hosts in Hawaii will need to understand the implications of this new legislation for their businesses and potentially consider alternative strategies.
Key Insights
- •Hawaii passed a law banning short-term rentals.
- •7,000 vacation rentals will be phased out due to the new law.
Action Items
- ✓Consider the impact on current and future bookings and adjust business plans accordingly.Effort: mediumImpact: high
- ✓Hosts in Hawaii should research the specific details of the new law and how it affects their properties.Effort: mediumImpact: high
Common Mistakes
- ⚠Failing to comply with local regulations can lead to closure of the STR business.
More from Regulations & Compliance
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