Short term rental is a commercial business and the neighbors should be protected first Originally posted by @Lauren Kormylo:@Jesse Bull I stay at Airbnb’s in Woodstock for a few days every summer, so it pains me to tell you that in 2019, the town passed ridiculous laws governing short term rentals. https://www.dailyfreeman.com/n...The new policy mandates that short-term rental owners:• Rent to guests no more than 180 days per year and no more than 26 weekends per year.• Provide guests with copies of local laws regarding noise, fire and safety, as well as a map showing the boundary lines of neighboring properties.• Correct compliance issues within 24 hours of notification by the town.• Register with Ulster County for inclusion on a list of rental properties.• Post a safety/egress plan in a visible location inside the building and on the back of each bedroom door.• Provide the town Building Department with contact information for rental properties that are not owner-occupied.The new policy also states that short-term rental “homes” will be limited to renting out two bedrooms at a time, with no more than two guests per bedroom; while short-term rental “establishments” can have up to five bedrooms available, also with no more than two guests per room.Also, short-term rental sites that are nor owner-occupied will be required to have a designated person who lives within 10 miles who is “available to promptly deal with emergencies” and compliance issues.The Town Board has yet to set a limit on how many short-term rental properties can operate in Woodstock and has not yet established any fees that short-term rental operators could be required to pay. 

Similar with Florida HOA cost increases due to Mandated structure inspections and subsequent repairs.  

one for rev and exp. the other is mandated by law for deposits.

It feels like a vehicle more for owners than renters.Which brings me last concern: if the cost is almost 4x SFH, this would seem to mandate partner involvement for many newish investors, in which case, why not just solo purchase duplex?

Also, check current smoke situation and code, there have been lots of mandated upgrades lately in our state and maybe the same there.

The big selling point of that proposal was an individual mandate.

Remember that the only one that mandates how you feel is you.Yes a few months.  

I think one of the big challenges is in the messaging...State/provincial government says "tenants can't be evicted for non-payment of rent"Tenant hears "I don't have to pay rent and will focus on paying for other needs/wants first"In the jurisdiction I invest in, the government has mandated no eviction through May 31. 

So, as time goes by, your expenses increase, but your revenue stagnates (ON has mandated 0% rent increase for 2021, while many markets have increased in value (thanks to fake CERB prop-up, among other things). 

Never knew there was any sort of way off the brutal mandated flood insurance.