Avoid Investing in these 10 Hostile Cities
Summary
This video discusses the risks of investing in short-term rentals in certain cities due to hostile regulations and tenant laws. The host highlights cities like Portland, Los Angeles, Chicago, and New York as examples of places where landlords can face significant challenges, including squatting and difficulty in removing problematic tenants. The video emphasizes the importance of researching local laws and seeking legal advice to protect investments.
More from Regulations & Compliance
Carson City, Nevada, is refining its short-term rental regulations. City supervisors are currently reviewing and modifying the local ordinance during a retreat. This review aims to address operational aspects, potentially impacting local hosts through new or revised rules, emphasizing compliance.
A 21-unit vacation rental in Dunedin, Florida, has been approved, signaling potential growth in the local short-term rental market. This approval could lead to increased accommodation options for tourists visiting the area. This news could also influence local regulations.
St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
Curated by Learn STR by GoStudioM