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
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.
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