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- Ocean City rental moratorium sparks backlash, as residents say trust was broken - Baltimore Sun
Ocean City rental moratorium sparks backlash, as residents say trust was broken - Baltimore Sun
Summary
Ocean City, Maryland, is facing backlash over a rental moratorium, with residents claiming a broken trust. This news highlights the importance of staying informed about local regulations, which can significantly impact your ability to host.
Key Insights
- •The article reports a rental moratorium implemented in Ocean City. The exact details and scope of the moratorium are not specified but it affects STR operations.
Action Items
- ✓Research the current short-term rental regulations in Ocean City, Maryland, and other areas where you own or plan to own STR properties. Check for any moratoriums, permit requirements, or restrictions.Effort: lowImpact: high
Common Mistakes
- ⚠Failing to stay informed about local regulations and restrictions can lead to legal issues and the inability to operate your STR business. Ignoring regulations is a mistake.
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Hawaii's hotel industry and the governor are seeking to eliminate 30,000 vacation rentals. This move reflects ongoing tension between traditional hotels and the rapidly expanding short-term rental market. The potential reduction could reshape Hawaii's tourism landscape and affect rental income for hosts, alongside a shift in tourism economics.
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