Avenu Insights & Analytics’ Post

This is solid reporting on a reasonable debate. What is the right amount of government regulation and taxation for short term rental (STR) properties and their owners? There are a # of factors to consider, and many are noted in this article: 1. The neighbors and neighborhood matters. 2. The availability of short-term stay locations in regions trying to boost their tourist economies matters. 3. Affordable and safe housing for local citizens matter. 4. Guest/visitor comfort and safety matter. 5. Local funding and input for state law/direction matter. 6. The government red tape faced by the local owners of properties matters. States and local governments are wrestling to achieve the right balance, especially in consideration of the availability of STRs with overnight stay locations at traditional hotels and motels. Not all jurisdictions are coming out at the same point on taxation and what level of regulation is needed. The debate and engagement on the issue, though not always perfect, is a sign of healthy democracy at work to respond to a still new way of doing business sparked by emerging technology and economic development. #ShortTermRental #STR #SaLT #StateTaxation #Tourism #Housing

Interesting update last week, discussing new controls on holiday lets, to stop local people being unable to afford property in their local community. This is something which is particularly relevant here in The Cotswolds. It is suggested that new short term lets will require planning permission from local councils. We await further updates about what and how these plans will be introduced and implemented. https://lnkd.in/e8XXsMzw #rentalmarket #rentalproperty #holidaylets #shorttermrentals

Buncombe County Action Alert 🚨 Don't let Airbnb overpower locals: our County Commission needs to hear from us! The Airbnb and short-term rental industry lobby has been turning out in force to public meetings to effectively take advantage of our county. It is critical that our county leaders know that regular citizens like you support reasonable and measured regulations on short-term rentals that balance the need for long-term housing with opportunities for short-term rentals (STRs). Learn more + take action: bit.ly/4aRS2kk

Introducing "Host Nation" - How Governments Regulate Short-Term Rental for a Happier Community In a world where the hospitality sector is being rewritten by short-term rentals (STRs), "Host Nation" emerges as the critical guide for Local Government Leaders and Elected Officials.  This book is redefining how Governments create balanced, fair, and innovative STR regulations. Inside "Host Nation," you'll discover: --The evolution of STRs and their rippling impacts on our communities.  --Practical strategies to align the growth of STRs with community values. --A curated toolkit designed specifically for policymakers to shape effective STR frameworks.  --Expert insights for government officials, real estate enthusiasts, and community advocates alike. Leverage the authors' comprehensive ordinance analysis and deep regulatory knowledge to guide the development of informed policies. Their analysis of hundreds of ordinances and deep regulatory acumen have culminated in this indispensable resource. Whether you're a local leader, government professional, or engaged citizen, "Host Nation" empowers you to foster community consensus and protect your investments with knowledge and strategy. Join the revolution. Lead the change in your community. Get your copy of "Host Nation" now and start shaping the future of short-term rentals for a happier, thriving community. 🌟 #HostNation #ShortTermRentals #CommunityDevelopment #LocalGovernment #GovTech #UrbanPlanning  George G. Brennan Middleton

What happens if something goes wrong when I am out of the country? This is a question we are often asked by fledgling landlords who have decided to let their property while they work or travel abroad. Whether renting out their own home or investing in a buy-to-let, our clients can initially be nervous about the potential risks.  Alleviating this anxiety is one of our principal motivators. We explain how we do this at Fairway Hosting in our latest blog post: https://rb.gy/q1639 #servicedaccommodation #londonproperty #newlandlord

NEW SHORT TERM RENTAL REGULATIONS: The new Provincial rules for short-term rentals have come into effect as of May 1, 2024. - The Principal Residence Requirement, meaning short-term rentals can only be offered in the principal residence of a host, plus one additional unit, secondary suite or laneway home/garden suite on the property in communities where populations are greater than 10,000 people. - The Principal Residence Requirement will function as a provincewide floor for communities with populations of more than 10,000 people, but local governments will still be able to use existing bylaws and introduce additional bylaws that are more restrictive. - The Principal Residence Requirement will come into effect in more than 60 communities throughout B.C. - Strata hotels and motels that have been operating in a manner similar to a hotel or motel before Dec. 8, 2023, and that meet select criteria moving forward, will be exempt from the Principal Residence Requirement. - Non-conforming use of property will no longer apply to short-term rentals. Under previous legal non-conforming use protections, if an existing use of land or a building did not conform to the new bylaw, it would have generally continued with legal non-conforming use. - Short-term rental hosts will be required to display a valid business licence number on their listing, where a business licence is required by a local government. - Short-term rental platforms will be required to share data with the Province. - Local governments can request that a platform remove listings that do not display a valid business licence. Complete requirements for hosts and platforms to comply with the new rules have also been released and are available here: https://lnkd.in/giMvMEUX The full news release is available here: https://lnkd.in/gy9iSne5 Not sure what this means for you? Looking for more information? Reach out and we’ll connect! #kristelwalkerrealestate #farrellandassociates #yyjrealtor #yyjrealestate #STR #shorttermrentals

We have been getting lots of questions about the uncertainty of the short-term rentals here in the valley. One thing is certain, changes are coming. I am confident that the town of Invermere and the RDEK will make changes that are balanced and beneficial for the community. What do you think? #housingmarket #shorttermrentals #balance #affordablehomes #affordablerentals #tourism #community #Invermere https://lnkd.in/gptnkWmX

🏡 Navigating Complex Regulations in Your Short-Term Rental Business 🏡 Navigating the maze of regulations in the short-term rental market can be daunting, but it doesn’t have to be a barrier to your success. Here’s how you can turn these challenges into opportunities and thrive in this dynamic industry. 1. Understand Local Laws and Regulations Every city has its own set of rules for short-term rentals. Some may require permits, while others have strict zoning laws or occupancy limits. It’s crucial to research and understand the specific regulations in your area. Ignorance isn’t bliss here—it could mean hefty fines or even the shutdown of your rental. 2. Build Strong Relationships with Local Authorities Engage with local government officials and community leaders. By fostering a positive relationship, you can gain insights and possibly influence future regulations. Being seen as a responsible and proactive member of the community can work wonders. 3. Stay Informed and Adaptable The regulatory landscape can change rapidly. Subscribe to industry newsletters, join local host groups, and follow relevant social media channels to stay updated. Flexibility is key; be ready to adapt your business model to comply with new regulations. 4. Invest in Compliance Sometimes, the best approach is to invest in compliance tools or services. There are numerous platforms designed to help hosts manage permits, taxes, and other legal requirements. This can save you time and reduce the risk of non-compliance. 5. Educate Your Guests Make sure your guests are aware of any rules they need to follow during their stay. This includes noise ordinances, parking restrictions, and waste disposal guidelines. Clear communication can prevent issues and ensure a smooth experience for everyone. 6. Join a Host Association Host associations often have resources and support systems to help you navigate regulatory challenges. They can also provide a collective voice when advocating for fair regulations.  7. Legal Consultation When in doubt, seek legal advice. A lawyer with experience in short-term rental regulations can provide invaluable guidance and help you avoid potential pitfalls. Remember, every challenge is an opportunity in disguise. By staying informed, building strong relationships, and investing in compliance, you can not only navigate but thrive in the short-term rental market. #ShortTermRental #AirbnbHost #RentalCompliance #HospitalityIndustry #VacationRental #RealEstate #Travel #Airbnb 

Today's big news revolves around the government's announcement of new regulations for short-term rentals in England. We've compiled all the key information into one easy-to-read article. Check it out for a quick overview!

Did you know that short-term rental is a fast-growing sector, offering numerous opportunities for both owners and tenants? According to an INSEE study, the number of furnished homes rented out for short periods rose by 30% between 2016 and 2021, from 1.2 million to 1.6 million. This type of rental meets a growing demand for mobility, flexibility and personalization on the part of travelers, whether professionals or tourists. Short-term rentals also enable owners to make a profit from their property, benefiting from tax advantages and strong demand. If you'd like to get started in short-term rentals, find out more about the advice and services offered by ICARE, the concierge management software for seasonal rentals. #icare #orion #proprertymanagement #concierge #propertyrental