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So, Does the short term lets require special attention and regulations in property investing?
Short-term rental business opportunities such as Airbnb, HomeAway, booking.com, and VRBO are a great way for homeowners to earn money. Whether you’re looking to subsidize your income or defray the costs of owning a second home or holiday property.
But as short-term rentals have grown beyond a cottage industry, regulators are starting to play catch-up. Spurred by complaints from neighboring residents and the traditional hotel industry, cities have enacted laws to regulate short-term rentals across the country.
You may wish to rent a room or your entire property to a guest for a short period of time. However, it’s not quite that simple and it’s helpful to understand how short term lets operate. The definition of short-term rental can vary based on several key factors and different locations and property types have different considerations.
In today’s video, we look to explore what special attention maybe required for this specialist property strategy
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