Small towns cut out of Airbnb ban in boost to tourism industry - Business Post
Summary
This article discusses a potential shift in regulations, specifically that small towns may be exempt from Airbnb bans, boosting the tourism industry in those areas. This means hosts in these locations could see continued opportunities. The exemption could impact revenue potential and host strategies.
Key Insights
- •Small towns may be exempt from Airbnb bans.
- •Exemption could boost the tourism industry in small towns.
Action Items
- ✓Consider properties in small towns that are more favorable to STRs.Effort: mediumImpact: high
- ✓Hosts in small towns should monitor local regulations.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to stay informed about local regulatory changes could lead to potential fines or operational restrictions.
More from Regulations & Compliance
Arizona Rep. Bliss's bill regarding short-term rentals has passed, signaling potential changes to the regulatory landscape for hosts in the state. This legislative development could impact operational requirements and potentially the profitability of short-term rental businesses within Arizona. Hosts should stay informed about the specifics to ensure compliance.
Annapolis, MD, is experiencing a surge in short-term rental license applications, indicating increased interest in the STR market. This rise follows efforts to improve compliance with local regulations. Hosts should familiarize themselves with new permit requirements to avoid potential penalties and ensure smooth operations.
This article discusses the construction of more rental homes near transit in Burnaby. The focus is on increasing housing supply near public transportation. While specific STR implications are not detailed, it implies a changing landscape for residential real estate and potentially offers insights into future housing trends that may affect hosts in areas around Burnaby.
Curated by Learn STR by GoStudioM