The 75% rule stopped me from doing Airbnb on this cliff side property
Summary
The host managed a cliffside penthouse as an Airbnb, despite opposition from other residents. After warnings, the building passed a bylaw requiring 75% of owners to agree to allow short-term rentals. Although eventually forced to stop, they made significant income by delaying the implementation of the bylaw for 18 months, earning more than traditional rental rates.
More from Regulations & Compliance
This article in Financial Mail focuses on the evolving regulatory landscape for Airbnb in South Africa, offering a deep dive into the specific rules and regulations that hosts must adhere to. The piece likely covers permits, tax implications, and potential restrictions. It's crucial for South African hosts to stay informed to avoid penalties and ensure compliance with local laws.
This article from The Provincetown Independent discusses upcoming changes related to short-term rentals. It's not clear what those changes are yet. Hosts should be aware of shifting regulations. Stay informed to ensure compliance and understand potential impacts on their STR business.
British Columbia's Premier announced an upcoming decision on Kelowna's short-term rental exemption. This announcement signals a potential change in local regulations. Stay informed to understand how any changes impact your short-term rental business in Kelowna.
Curated by Learn STR by GoStudioM