Rule Changes From AB 835 in California Could Shift the Multifamily Market in Big Ways
Summary
California is considering changes to building codes (AB 835) that could allow single-staircase multifamily buildings, potentially increasing housing supply and cash flow for landlords. However, this change is debated because of safety concerns. Hosts should monitor local building code developments and consider adding ADUs or upgrading existing units to boost cash flow.
More from Regulations & Compliance
Kelowna, B.C., will be able to opt out of short-term rental rules this summer. This decision grants local autonomy over STR regulations. The impact means hosts in Kelowna may face different rules compared to other areas, potentially affecting their operations.
A proposed bill in Connecticut aims to create a registry for short-term rentals, facing strong opposition. This indicates potential regulatory changes that could significantly impact STR hosts in the state, requiring them to comply with new requirements. Understanding these developments is crucial for avoiding penalties and ensuring continued operation.
Kelowna, B.C., will be allowed to opt out of short-term rental rules this summer. This decision grants local flexibility in managing STR regulations within the community. Hosts in the area should monitor local ordinances for any changes or opportunities that arise from this policy shift.
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