All Forum Posts by: Ryan McKay

@Drew Sygit Thanks for the info, I will be sure to look into joining those groups!

@Nathan Gesner that is a great article explaining the current state of the bill. Crossing my fingers it passes! Thanks for sharing

@Julia Ferris Interesting points. I have always wondered what could the city do if you operate without a license, maybe put a lien on your title? I am looking in Traverse City area. They have STR's but the areas that allow licenses are mostly condo's or in the hotel zone/peninsulas where it is crazy expensive. They have a large residential area with a lot of good deals not far from the water so I am hoping this bill passes so I can buy there!

Hi All, I am just getting started on my STR investing journey in Michigan and I have been looking in a few markets (northern MI) that have zoning restrictions on STR licenses. I came across Michigan house bill 4722 that prevents a local government from limiting the zoning restrictions to no less than 30% of the total homes in residential areas. From what I can tell, it looks like this was passed on Oct 10. 2022 and would take effect in 90 days.

Does anyone know anything more about this bill, if it has officially been passed, and if all local governments will need to follow this rule in 90 days? The market I am looking at has the vast majority zoned as residential and they do not allow STR licenses in residential zones. I would love to get ahead of the curve if they are going to be forced to remove this requirement. Any help on this topic would be much appreciated!