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All Forum Posts by: Fred Bagirov

Fred Bagirov has started 3 posts and replied 5 times.

Quote from @Joshua Janus:
Quote from @Fred Bagirov:

I am new to Cleveland and trying to understand the market, rules, regulations (and loopholes, if any) with STR properties. 

What are the areas that are the best to search for an STR for, and which ones are not? Which house types (single family? multi family? condos?) What amenities are the most popular? 

It is my understanding that the STR rules in Cleveland are as follows:

- Density limits: In residential districts, STRs can't make up more than 15% of the total homes on a block or units in a multi-unit building. How do I know if the potential property is in the area that does not have 15% of total homes on the block as STR? 

- Guest limits: Guests can't stay for more than 30 consecutive days or less than 24 hours. The maximum number of guests is two per bedroom, plus two additional guests. Does that mean that 4 guest is the maximum for an STR, even if there are rooms to accommodate more guests? Are there any loopholes for guests to stay for more than 30 days (can they start a new booking?)

Property owner residency: Property owners must live on the property for more than 51% of the calendar year. Does that mean I can not live outside the property? Are there any loopholes around it? 


    Any feedback and/or discussion is appreciated!


     Hey what's up Fred! I'm glad you are getting into the Cleveland market.

    I have clients running short term rentals in these areas

    East side - University Circle, Shaker Heights, Cleveland Heights

    West side - Ohio City, Tremont, Edgewater, Lakewood

    Here is a recent article on a bill passed "House committee passes bill to block cities from regulating Airbnbs, other short-term rentals"

     https://ohiocapitaljournal.com/2022/05/11/house-committee-pa...


     Hi Joshua, thanks for the link, very helpful! What are your thoughts on the University Heights? Is it a safe area? Are multifamily frequently put on the market? What is the median price for a single family? Thanks!

    Quote from @Jason Wray:

    Fred,

    You can rent your property on places like VRBO or others if the property is in Sarasota.  SarasotaFLgov page shows the zoning and its farily easy to review.  They have allowed it since May of 2021 and its a booming part of the rental market.  

    Feel free to reach out if you have any questions.


    I believe you are referring to Sarasota City, which does allow 7 days minimum. I am referring to the Sarasota County.

    With the season in Sarasota County considered November - April, what is the best way to market the property as a Medium Term Rental (at least 30 days)? 

    I am new to Cleveland and trying to understand the market, rules, regulations (and loopholes, if any) with STR properties. 

    What are the areas that are the best to search for an STR for, and which ones are not? Which house types (single family? multi family? condos?) What amenities are the most popular? 

    It is my understanding that the STR rules in Cleveland are as follows:

    - Density limits: In residential districts, STRs can't make up more than 15% of the total homes on a block or units in a multi-unit building. How do I know if the potential property is in the area that does not have 15% of total homes on the block as STR? 

    - Guest limits: Guests can't stay for more than 30 consecutive days or less than 24 hours. The maximum number of guests is two per bedroom, plus two additional guests. Does that mean that 4 guest is the maximum for an STR, even if there are rooms to accommodate more guests? Are there any loopholes for guests to stay for more than 30 days (can they start a new booking?)

    Property owner residency: Property owners must live on the property for more than 51% of the calendar year. Does that mean I can not live outside the property? Are there any loopholes around it? 


      Any feedback and/or discussion is appreciated!

      I live in Sarasota County (outside of Sarasota City), FL and trying to understand the rules, regulations and loopholes with STR properties. It is my understanding that the minimum STR reservations are at least 30 days (also I see a lot of listings on AirBNB for 28 days minimum - why is that?).

      However, I see hundreds of properties listed on Airbnb that do not follow the rules. 

      I've heard that the Sarasota County is in need of money (and that's the reason AirBNB deducts taxes and directly passes them to the County) - how strictly are those rules enforced? Trying to understand the risks and implications of running an STR less than 30 days and if there are any loopholes to the policies.

      Any feedback or discussion is appreciated!