Talk of The Villages Florida - View Single Post - Newest NY AirBnB regulations
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Old 09-13-2023, 10:42 AM
margaretmattson margaretmattson is offline
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Originally Posted by oldtimes View Post
A google search for airbnb The Villages bring up over 1000, v r b o The Villages brings up 1179. That is only 2 sites, there are several more. More and more people are being affected but as long as it is not you it is fine.

This is from an article by Dave Ramsey:

"Maintaining an Airbnb is essentially like operating a small business, Ramsey says. Much like running a hotel, Airbnbs demand intense involvement: you’re responsible for keeping the place clean, making repairs and being available to renters for emergencies or questions.

On top of that, you’re generally dealing with new tenants every few days. And short-term tenants can be more careless with property than long-term renters.

"They'll destroy your property," Ramsey says. And while you’re stuck doing the clean up, you may have to contend with angry neighbors complaining about noise.

Finally, there’s a growing backlash in certain cities against short-term rental properties — especially in downtown cores or high-tourism areas. Some cities are starting to restrict the type of eligible dwellings, require costly licenses, impose additional taxes and only allow you to rent out your primary residence.

Even if your area doesn’t currently have restrictions on rentals, the laws could change — leaving you on the hook for a home you suddenly can’t rent out."
This is the slippery slope we are on. STRs ruining the quaint and quiet lifestyle homeowners expect. If rules are enacted, investors must sell their rental properties and now there is a flood of homes on the market.