North Charleston- Park Circle (STR)

[Chanel Gargula]

Hi everyone! 
I'm new to real estate investing and about to close on a townhouse (no HOA) in North Charleston near Park Circle. I'd be interested in using it for STR, but I'm hearing mixed reviews about that possibility. I know downtown Charleston has tight restrictions on STR and permitting, but are STRs possible in North Charleston? I see successful Air BNB's in Park Circle online, but when I called town hall to ask about any approval processes, they advised STRs aren't legal (at the moment) unless the property is zoned for business. Does anyone have insight into STRs in the area or ways to make it work?

-Chanel

[Troy Gandee]

@Chanel Gargula North Charleston is currently in the process of regulating STRs. They've already passed some guidelines through the planning commission. It will be coming up to vote at City Council any time now. They're pretty reasonable rules. The main restrictions will be max 2 adults per bedroom (maximum 6 adults per booking, I believe), only 1 STR per property, no temporary structures like campers and some kind of permit will be required. There are quite a few more rules, but those are the main ones that will affect a lot of people.