STR's: Strategies For Owners Facing Moratoriums or Restrictions

[Nate Marshall]

Hey so I am researching what actions STR owners could take against communities like those in Colorado who are using affordable housing as an excuse to violate property rights of owners. There are some 5th and 14th amendment issues regarding takings etc. I also am looking at possible exit strategies and one is appreciation. In Summit County alone property values are going up an average exceeding 30% a year. Theoretically a property owner could see their property value double in 3-5 years. With that in mind it would also make sense to take legal action against the municipal and county governments for economic losses. If property owners banded together this would be catastrophic for the local governments and possibly force them to rethink this.

[John Underwood]

Get out of anti STR friendly areas while you can. You would be tied up in court for years trying to fight the government and likely lose.

If the area is appreciating like you say then convert to LTR and let your property keep appreciating.