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Updated over 6 years ago on . Most recent reply
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Short Term Rentals (like Airbnb) have been BANNED!
Recently two of the higher end suburbs (Broadview Heights & Seven Hills) in the Cleveland market banned short term rentals.
I never got involved in the Airbnb craze myself. Not my business model. I've got a ton of plates spinning running all of my other businesses so I never saw the need to get into it. Money seemed low for the high level of labor and risk involved.
- What do those of you who are in the Airbnb business feel about these cities outlawing the use of it?
- Are you in agreement with these rulings or against them? Why?
I've spent a pretty decent chunk of money on my house. I also live in one of the higher end suburbs in the Cleveland area. I would be the 1st one in city hall trying to get it outlawed in my city if my neighbors where using their homes as hotels &or Airbnb's.
- Would you be ok with your neighbor running their house as a short term rental? Why? Why not?
- Do you think the quality of your neighborhood should come into play with whether or not Airbnb's are permitted? Why Why not?
- Do higher end neighborhoods require different regulations than lower end "rental" neighborhoods? Why? Why not?
Most Popular Reply
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My $0.02 is that short-term rentals are ultimately about property rights.
As the owner of a property, I believe that I should have the right to use it in the way I see fit so long as it does not bring harm to the surrounding community.
Naturally, opponents of STR's argue that AirBnB harms communities, but I think that is a thin argument because it's based on peoples feelings & perceptions vs. provable facts.
Banning STR's is a use of police power to restrict rights without compensation that should make people concerned. It may be your rights that the city or state comes after next.