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
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.
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