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Updated over 2 years ago on . Most recent reply
STR in the Fenway Area
My wife and I are considering using a owner occupied loan to purchase a 1bed 1 bath condo in the Fenway area for around $450K. We would live there for one year and renovate/decorate the unit for a STR.
We are new to real estate investing and short term rentals. Does this seem like something that would be profitable? Are there any regulations for STR in Boston that we should be aware of?
Most Popular Reply
Not only does Boston have strict regulations but they are the most enforced in the nation! You can not list a property on Airbnb or VRBO if your Boston unit is not registered in Boston. It is actually blocked by the platforms! It is particularly difficult to get condos registered. I don’t know all the details of the Boston registrations but I do know they are enforced absolutely. 3000 listings disappeared overnight when the regulations went into effect.