One dead after East Memphis shooting at short-term rental - WREG.com
Summary
A shooting at a short-term rental in East Memphis resulted in a fatality. This highlights the potential safety and security issues associated with STR properties, reminding hosts of their responsibilities. Hosts should review safety protocols and consider implementing additional security measures.
Action Items
- ✓Update House Rules to clearly outline expectations regarding guest behavior and any prohibited activities.Effort: lowImpact: medium
- ✓Ensure your insurance policy adequately covers incidents on your property. Consider adding or reviewing liability coverage.Effort: lowImpact: medium
- ✓Review local ordinances regarding safety and security requirements for short-term rentals.Effort: lowImpact: medium
Common Mistakes
- ⚠Failure to address and mitigate safety risks at an STR can lead to serious legal and financial consequences.
More from Regulations & Compliance
This article from The Provincetown Independent discusses upcoming changes related to short-term rentals. It's not clear what those changes are yet. Hosts should be aware of shifting regulations. Stay informed to ensure compliance and understand potential impacts on their STR business.
British Columbia's Premier announced an upcoming decision on Kelowna's short-term rental exemption. This announcement signals a potential change in local regulations. Stay informed to understand how any changes impact your short-term rental business in Kelowna.
Victoria, Canada is considering a hotel tax for Airbnb and Vrbo rentals. This potential tax aims to generate revenue from short-term rentals, affecting host profitability. Hosts should monitor developments to understand the tax implications for their business and budget accordingly.
Curated by Learn STR by GoStudioM