Vermont Short Term Rentals

[Nicholas Bolcon]

Hello All, 

I'm wondering if there are any VT investors around specifically for short term rentals. 

This has me concerned and wondering. Specifically the very last section about no one being able to offer a short term rental unless they live at the property over 270 days a year. 

https://fastdemocracy.com/bill-search/vt/2021-2022/bills/VTB00007442/

I vacation to ski in VT all the time (not so much this year) and have been considering buying a vacation home there. I love the community feel and supporting the small shops and businesses where I go. Unfortunately part of being able to afford a vacation home would involve renting it out in the summer to offset the cost. If that's not a possibility I may have to rethink entirely. Thoughts?

[Patrick Giblin]

@Nicholas Bolcon Very true about passing these type of laws at the local vs state level. However it is interesting that this bill is being introduced by members from very different areas of the state (Burlington, Brattleboro and Londonderry) which may be in an effort to build, "state wide" support. 

I am also now turned around by that last line. I initially read it as it only applying to first year, then afterward you could start STR. However now I read that 70% as the ENTIRE length of ownership, not per year. I may reach out to my rep for clarification as well.