SD REIA JAN 2022 MTG- Short Term Rental Legislation

EventSioux Falls, South Dakota
Real Estate Events & Meetups
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SD REIA JAN 2022 MTG- Short Term Rental Legislation

When:

Where:We will be in a meeting room TBD which one., 2717 W 41st St, Sioux Falls, SD 57105 Sioux Falls, South Dakota 57105

Cost:Free

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Andrew AdamBusiness Member
Real Estate Agent · Sioux Falls, SD · Member since 2014 · 159 posts · 111 votes

City Counsel Member Alex Jensen will be speaking on STR legislation.

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  • Katarzyna Trzopek
    Member since 2022 · 1 post · 0 votes
    3y

    Would you give a short description of the even or the link to the rental legislation in question?

    0Reply
  • Vince MathisPro Member
    Rental Property Investor · Phoenix, AZ · Member since 2018 · 44 posts · 53 votes
    3y

    Any chance this will be streamed?

    Thanks Adam!

    0Reply
  • Andrew AdamBusiness Member
    OP
    Real Estate Agent · Sioux Falls, SD · Member since 2014 · 159 posts · 111 votes
    3y
    Quote from @Katarzyna Trzopek:

    Would you give a short description of the even or the link to the rental legislation in question?


     Sioux Falls recently passed some legislation that seemed to restrict and change short term rentals. We have a member or our local government going to come and explain the details of the changes.

    0Reply
  • Andrew AdamBusiness Member
    OP
    Real Estate Agent · Sioux Falls, SD · Member since 2014 · 159 posts · 111 votes
    3y
    Quote from @Vince Mathis:

    Any chance this will be streamed?

    Thanks Adam!


     I can do a fakebook video of it.

    1Reply
  • Alex Pino
    Realtor · San Antonio Tx · Member since 2022 · 25 posts · 10 votes
    3y
    Quote from @Andrew Adam:
    Quote from @Vince Mathis:

    Any chance this will be streamed?

    Thanks Adam!


     I can do a fakebook video of it.


     Can you give a synopsis? I may invest in the area but I am out of state investor and am curious what possible legislation was passed or may be passed. 

    0Reply
  • Andrew AdamBusiness Member
    OP
    Real Estate Agent · Sioux Falls, SD · Member since 2014 · 159 posts · 111 votes
    3y
    Quote from @Alex Pino:
    Quote from @Andrew Adam:
    Quote from @Vince Mathis:

    Any chance this will be streamed?

    Thanks Adam!


     I can do a fakebook video of it.


     Can you give a synopsis? I may invest in the area but I am out of state investor and am curious what possible legislation was passed or may be passed. 



    There was originally something drafted that might have lead to a hotel tax on STR or potentially a licensing system. BUT when the city councilman spoke to us he said that nothing was passed and that the rest of the council was not for it and that the re zone options seemed like it would never happen. SO all in all there was discussion but there has been NO legislation passed and for the time being it doesn't sound like Sioux Falls will have many restrictions coming in the near future. So a vote for letting the market remain a FREE MARKET is in play.

    As far as streaming it, the venue and layout of the discussion was not ideal for streaming. The speaker stood up at a table and answered questions in the middle of the room.  Starting next month we will be back to a new REGULAR meeting place, the Downtown Library.

    1Reply
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