News

Towns in the Danbury area are considering regulations for short-term rentals due to their prevalence, especially near lakes. Hosts in this area should monitor local news and government announcements for potential changes to STR rules. Staying informed helps hosts adapt to new requirements and maintain compliance.

This interview with a 10-year veteran of the STR industry in Miami details the challenges of rising rents and increased competition. The host shares the importance of building relationships with landlords in a master lease model, creating financial models, and focusing on operational efficiency. Hosts should consider the insights shared about profit margins, and revenue management strategies, to stay competitive.

A Vancouver Airbnb host was fined $6,000 for not having a business license. Hosts need to ensure they are compliant with local regulations, including obtaining the necessary permits and licenses for short-term rentals, to avoid similar penalties.

A Las Vegas Airbnb host was fined nearly $200,000 for operating a short-term rental. This highlights the importance of understanding and complying with local regulations to avoid hefty penalties. Hosts should always research and adhere to local STR laws.

This podcast episode focuses on revenue management and guest experience in short-term rentals, with a case study of the FreeWild brand. The episode emphasizes the importance of brand identity, customer service, and using revenue management to optimize profitability. Hosts should consider how to make a connection with their brand and enhance the guest experience.

This article discusses potential regulatory crackdowns on short-term rentals in Lexington County, South Carolina, specifically around Lake Murray. Hosts in the area should monitor local ordinances for potential new restrictions and understand the implications for their rentals.

This podcast episode discusses safety and risk mitigation in short-term rentals, highlighting the importance of guest screening and proactive property management. Hosts should be aware of potential risks like destructive guests and implement measures like thorough guest vetting and security protocols to protect their properties. The episode references a book on STR safety, providing practical advice for hosts.

Wilmington postponed a hearing on proposed Airbnb regulations until June. This delay gives hosts in the area more time to prepare for potential changes to local regulations. Stay informed and monitor for updates regarding STR rules in Wilmington.

This podcast episode with Zach Leimaster discusses the concept of turnkey rentals and how real estate can be used to retire early and build generational wealth. The episode highlights the importance of market research, consistent investing, and the potential for short-term, mid-term, and long-term rental strategies to help hosts optimize their portfolio and financial goals.

A new zoning rule in New Castle County, Delaware, could potentially make many short-term rentals illegal. Hosts in this area should monitor the situation and understand how new local regulations might impact their ability to operate.

This podcast episode with Kenny Bedwell, founder of SDR Insights, discusses analyzing short-term rental properties for profitability. The focus is on using a "gross ROI" metric (gross annual revenue / purchase price) to quickly assess a property's potential. Hosts should consider this method to streamline their property analysis and focus on properties that meet their financial goals.