Restrictive STR Ordinances

[Mycah Healey]

For those of you that are in markets with less than favorable ordinances for short term rentals, The Greater Las Vegas Short Term Rental Association is an organization  that is leading the charge in a lawsuit against Clark County (where the Strip is) with regard to regulations that rolled out last summer. The district court has granted a preliminary injunction and this will likely go to the Nevada Supreme Court. Time will tell on the outcome but all signs are positive for more fair regulation to be mandated - this could be a case that sets precedence and something that those in restrictive markets should keep an eye on. If you happen to be in Nevada, Clark County or simply want to help protect property rights, please consider getting involved. Anyone else have experience in tough but lucrative markets? Happy Thursday all!