Insight
This type of program may indirectly reduce the supply of available properties for short-term rentals in tourist-heavy destinations.
Town Launches Program To Pay Landlords Who Are Already Renting Homes On A Year-Round Basis
Summary
Nantucket is launching a program to incentivize landlords to rent properties year-round, not just seasonally. This initiative aims to address housing availability by offering payments to landlords already committed to long-term rentals, potentially impacting the STR market.
Key takeaway