News
Stay updated with the latest STR industry news and regulations
Columbia City Council makes changes to short-term rental rules - WLTX
The Columbia City Council has updated its short-term rental regulations. Hosts in Columbia should review the new rules to ensure compliance.
Snowmass revisits short-term rental policy - AspenTimes.com
The town of Snowmass is revisiting its short-term rental policies. Hosts in Snowmass should stay informed about potential changes to local regulations that could impact their operations.
Vacation rental owners slap influencer with $10K bill over selfie at viral ‘Invisible House’: ‘Complete nightmare’ - New York Post
An influencer was fined $10,000 for taking a selfie at a vacation rental dubbed the 'Invisible House'. Hosts should ensure their house rules are clear about photography and commercial activity to prevent similar issues and potential financial penalties.
Columbia City Council defers short-term rental moratorium vote, talks amending ordinance - WIS News 10
The Columbia City Council has deferred a vote on a short-term rental moratorium and is discussing amendments to their existing ordinance. Hosts in Columbia should stay informed about the evolving regulations, as changes to local laws can significantly impact their ability to operate and the conditions under which they can do so.
Short Term Rentals Back in the Spotlight on the North Fork - East End Beacon
This article discusses the renewed focus on short-term rentals in the North Fork region. Hosts in this area should stay informed about potential regulatory changes or market shifts that could impact their businesses.
How I Took a Dead Airbnb and Turned it into $25K in 90 Days
This article details how a struggling Airbnb listing was transformed from one booking in five months to $25,000 in revenue in 90 days. Hosts should pay close attention to the impact of dynamic pricing, updated photography, and flexible house rules on their bookings. Consider implementing these strategies to boost your own STR performance.
Mortgage Fraud Surges 7.3% as One-Third of Investors Break Federal Law
Mortgage fraud is on the rise, and a significant portion of real estate investors are implicated, potentially jeopardizing their properties. Hosts should be aware of the different types of mortgage fraud and the risks associated with misrepresenting information during the loan application process.
Making $92,000 (Tax-Free) from One Real Estate Deal
This BiggerPockets article discusses a real estate investor's experience, starting with a $0 down deal and a live-in flip, highlighting both successes and challenges. Hosts can learn from the strategies for adding value and the pitfalls of managing a property during renovations, including tenant and contractor issues.
From Starting Over at 30 to 17 Rentals (and Financial Freedom) 5 Years Later
This article details Sarah King's journey from a post-divorce financial reset to building a portfolio of 17 rental properties in just five years, using the BRRRR method. Hosts can learn how she overcame challenges and utilized creative financing strategies to scale her real estate investments. Consider the BRRRR method and leveraging your own resources to scale your business.
Short-Term Rentals: A Market Shifting Toward Ultra-Luxury - Luxury Tribune
This article discusses the shifting market trend towards ultra-luxury short-term rentals. Hosts should consider whether their properties align with this growing demand and potentially consider upgrades to cater to this segment.
Airbnb Hosts Beware: One Bad Review Can Cost $10K
This article discusses the challenges faced by Airbnb hosts in a tough market, with stricter review systems and restrictive local ordinances. It emphasizes the impact of negative reviews on visibility and revenue, highlighting creative financing strategies and the importance of knowing your bottom line. Hosts should be aware of the changing landscape and adapt their strategies to thrive in this environment.
Pittsfield adopts short-term rental ordinance, erects regulations and registry requirements - WAMC
Pittsfield has enacted a new short-term rental ordinance, which includes regulations and a registry requirement. Hosts in Pittsfield must now understand and comply with these new local rules to continue operating their rentals.
Montgomery City Council Begins Drafting Rules for Airbnb, PadSplit Rentals - WAKA 8
The Montgomery City Council is beginning to draft rules for short-term rentals, including Airbnb and PadSplit properties. Hosts in Montgomery should stay informed on these developments, as new regulations may impact their operations.
Austin City Council approves new short-term rental rules after years of lawsuits - Austin American-Statesman
The Austin City Council has approved new short-term rental rules after years of legal battles. This means there are new regulations that directly impact your ability to host in Austin. Hosts should review the new rules immediately.
How to Get a HELOC on Investment Property: Use Your Equity! (Rookie Reply)
This article from the BiggerPockets Blog discusses HELOCs on rental properties. It covers the challenges of obtaining a HELOC when the property already has a mortgage, explores refinancing options, and offers advice on private lenders and repayment strategies. Hosts should consider the implications of using HELOCs for short-term projects and understand the potential impact on their properties.
How to Diversify Your Rental Portfolio for Financial Freedom Faster
This article discusses a BiggerPockets expert's exploration of diversifying their real estate portfolio, specifically considering a triplex rental, new-build homes, and their existing short-term rentals. Hosts can learn about the pros and cons of these options regarding cash flow, appreciation, and time commitment to make informed investment decisions.
How to Drive 3X More Direct Bookings With Creators and Micro-Influencers
This article from Get Paid For Your Pad discusses how to drive more direct bookings using creators and micro-influencers through a community called Content Army. The article provides insights on how to build and maintain creator partnerships, organize retreats, measure impact on bookings, and common mistakes to avoid. Hosts can learn how to leverage influencer marketing to increase direct bookings and build their brand.
How groups of ‘small hosts’ are fighting Mexico City’s AirBnB ban - Mexico News Daily
This article discusses the fight by small hosts against Mexico City's potential Airbnb ban. Hosts should pay attention to local regulations and consider joining or supporting host groups to advocate for their interests.
New rules for short term rentals - The Catalina Islander
This article from The Catalina Islander discusses new rules for short-term rentals. Hosts on Catalina Island should review this information to ensure compliance with the latest regulations.
Maui Condo Market Collapse: What It Means For Travelers - Beat of Hawaii
This article discusses the collapse of the Maui condo market. Hosts with properties in Maui should monitor the situation and its potential impact on occupancy rates and pricing strategies.