Future of Short-Term Rentals - Charleston, SC

[Katarina Schuette]

In the city of Charleston, SC there were already strict rules regarding short-term rentals for non-primary residences as of recent years. This was in large part due to a push from the hotel industry since hospitality and tourism is such a large part of the economy here. The city only allows beach properties and a certain section of downtown to rent short-term if the owner doesn't live in the home. Now of course this sector of investing has been strongly hit due to the pandemic. I am curious to see if other markets are moving towards the same direction with more stringent rules on short-term rentals. I am also curious about whether the pandemic has changed your investing strategy. I would love to hear about your markets!