Would love to hear comments. Seems like this could be a semi-year round destination?

We rented it for 2 years then they put in regulations. Not ideal. We are lucky, it went from profitable to paying for itself and we are getting to use it more so it’s not the worst thing. Others didn't end up as well.

We were not grandfathered in. They enforced it on everyone.

My goodness, that is awful. So you were not grandfathered under restrictions?

Sounds like it’s time to buy some ABNB puts.

Hey @Collin H., a quick search came up with this - https://www.adirondackdailyenterprise.com/news/local-news/20... The law will prohibit the issuance of new unhosted STR permits in residential neighborhoods, among other new measures that elected officials say are intended to preserve the Lake Placid community while still inviting the economic benefits STRs bring to this village... So that probably means that commercial zoning and the like will be the only way to do it now. The article said there would be a 5% tax on STR as well, so that means it is still doable, just have to watch where it is located.

Any STR experiences in Lake Placid NY?Any STR experiences in Lake Placid NY?

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Any STR experiences in Lake Placid NY?

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