AIRBNB 30 DAY RENTALS: Worth it???
Summary
In highly regulated markets like New York City, short-term rentals are restricted to a 30-day minimum stay. The video discusses the impact and pricing around making the switch to 30-day rentals from short-term rentals, highlighting the importance of managing the calendar to prevent long vacancies. While 30-day rentals can yield a 50% higher rent compared to long-term leases, hosts need to carefully manage the calendar and vacancies to capture that profit.
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