Airbnb Regulations are Killing the Industry
Summary
The Real Estate Robinsons discuss how to navigate Airbnb regulations and mitigate risk by identifying cities with lower regulatory risk. They recommend checking a city's online resources, contacting the city government, and understanding key economic incentives like local reliance on tourism. The video also advocates for using Relay Financial for business banking to streamline operations and offer benefits such as virtual debit cards and same-day ACH transfers.
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