hidden COSTs of property ownership
Summary
Lydia Patel discusses hidden costs of property ownership that hosts should consider when managing their short-term rental property. She focuses on property taxes, homeowner association fees, and different types of insurance that hosts must have, particularly when hosting as a short-term rental. She also mentions Steadily insurance as an insurance broker she enjoyed working with.
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.
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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