Real Estate Regulations Are Changing And Here's What You Need To Know
Summary
This video highlights the rapid increase in short-term rental regulations across the U.S., with over 404 new rules implemented in the last 12 months. Jesse Vasquez shares his personal experience of receiving a cease-and-desist letter for a property in Modesto and emphasizes the necessity of having a mid-term rental (MTR) exit strategy to protect your 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.
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