The 75% rule stopped me from doing Airbnb on this cliff side property

441 viewsalmost 2 years ago0m 58sScore: 75

BNB UNI

Regulations & Compliance
intermediate
Local Regulations
HOA
Airbnb
Profitability

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.