When a City says you CAN'T run your Airbnb #airbnb #airbnbbusiness #airbnbarbitrage
Summary
In this video, Jorge discusses a scenario where a city changes its regulations regarding STRs halfway through a lease, and how he pivoted one of his properties to long-term rental when this occurred. He was able to rent the property for a higher rate than he was paying in rent, resulting in passive monthly income. He notes the worst case scenario is you break even and recoup your deposit.
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