More STR regulation efforts in Salt Lake?

[Rob Arthur]

Long-time podcast listener, first time to post here. I came across this article about the recent Salt Lake City Council budget amendment that includes money for the city to monitor STRs via some type of software. As an investor with mixed STR and MTR units, I'm curious how you guys think this could impact the future STR market here in SLC? Would a cease and desist letter be the first warning for an STR if the city actually tried enforcing it?

I'm not too worried personally about my properties because the numbers work out for STR, MTR, and LTR, so I have escape routes, but the 1-2 week bookings during winter and summer have been a better path for me than just doing LTR.

Article link below:
https://buildingsaltlake.com/city-bulks-up-its-enforcement-o...