New to Real Estate · Las Vegas, NV · Member since 2020 · 9 posts · 7 votes
Happy post Thanksgiving everyone,
My family just got a vacation house in Asheville, NC. They were reading that there is some city code there that restricts AirBNB & VRBO. Is this true? And if so, does anyone know a possible loophole for them to be able to rent it out and make a little money when theyre not there?
Most areas have some degree of restriction on STRs.
"A homestay is use of land that can be permitted in your home if:
You live in a residentially-zoned area
You live in the house or apartment (“dwelling unit”) full-time;
You propose to rent one to two bedrooms; and
You propose to rent out these bedrooms for less than 30 days at a time.
Rental of an entire dwelling unit for less than a month is called a short-term vacation rental (STVR). STVRs are only permitted in the resort zoning district."
Asheville NC · Member since 2019 · 51 posts · 41 votes
4y
If it's outside the City limits there are no restrictions, for the moment. Within the City, you can rent long term 30 days or more with no restrictions. Short term, or less than 30 days, see Talor L's post.
Raleigh, NC · Member since 2014 · 54 posts · 17 votes
4y
That area is incredibly restrictive. You can rent a room out while actively living there, you can also rent it out for 30 days or longer as a full house. You'll have to check if they limit total number of rentals per year. They may have restrictions on how many people per bedroom. I'm not sure as they passed the rule several years ago now.
Lender · Asheville, NC · Member since 2020 · 463 posts · 507 votes
4y
@Andrew Daughtery, if the property is located inside Asheville city limits (not all of Asheville is), it cannot be rented out short-term. A room or the basement of the home can be rented short-term under the city's homestay program, but many restrictions apply. You can learn more here: https://www.ashevillenc.gov/ne...
New to Real Estate · Las Vegas, NV · Member since 2020 · 9 posts · 7 votes
4y
The 30+ day idea does seem like it could be well used, especially if we are not using it. Just gotta run the number to see the profitability of it, depending how long its rented out.