Property Guard's Weekly Short Term Rental Regulation Newsletter

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March 25, 2024

Banning Short Term Rentals is Bad for Home Prices

The last point is an important one: many STR laws are passed, in part, to protect against a perceived housing crisis. However, if governing bodies see that STR laws are hurting home prices – an obviously unpopular concept – we may see a decrease in attempted STR laws around the country. (Granted, there is some merit in decreasing home prices helping in housing affordability. We’ll see if that desire wins out should people see their home values drop.)

March 18, 2024

Nantucket Short Term Rental Market in Disarray as Judges Continue to Shape STR Landscape

With more state and local jurisdictions passing short term rental regulations, litigation has followed. Often, such cases regard the constitutionality of these laws: does a given set of restrictions limit property rights, or hinder interstate commerce, as guaranteed by the constitution? Such is the case in New Orleans’ ongoing battle over STRs, where just last week a judge upheld the city’s ban on investor-owned STRs (the ruling is to be appealed). 

March 11, 2024

Florida Legislature Sends New Short Term Rental Law for Governor’s Signature

Arriving for signature on Governor Ron DeSantis’s (R-FL) desk is SB 280, an updated and amended set of rules for short term rentals in the state. Per 10 Tampa Bay, similar to other states’ recent legislative efforts, the main feature of the bill continues to limit the ability of local governments to regulate STRs, and create a unified, statewide framework for short term rentals. 

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