Short-term rentals in Puerto Rico - future of regulations?

[Lisa Falcone]

My husband and I are considering investing in a short-term rental property in Puerto Rico but are concerned about the risk for tightened near and longer-term short-term rental regulations. Some cities in the U.S., for example, are outright banning short-term rentals or enacting strict rules such as requiring that owners live on the property for a period of at least 6 months each year.

Have you seen movement for more regulations in Puerto Rico in the last few years? What seems to be the appetite for stricter guidance/rules around short-term rentals? Or does PR view their short-term rentals as too critical to the local tourism economy to consider such regulations?

Thank you!