Short Term Rental Restrictions
Hello BP!
I own a local short term rental property management company based out of the Jersey Shore. We mostly operate in Seaside Heights, NJ, which is a beach town that is tourism driven. We are rapidly growing and are handling the scaling well (which should be the most difficult part). Just wondering how other STR investors navigate the tricky areas of municipal regulations on STR's through ordinances. We attend local town meetings and have great relationships with the towns we operate in, which seems to help a great deal, but it still feels like STR's are at the mercy of decisions made by local governments. Just wanted to hear out other STR owner's experiences with navigating these ordiances.
Most Popular Reply
The best thing to do is what you are doing - staying involved and connected with the decision makers, helping to shape the conversations around these topics. Vacation rentals have been a huge part of beach life on the East Coast since long before AirBNB. The places with crackdowns typically have a huge hotel industry already and the AirBNB operators are pulling from that while causing negative impacts on the neighborhoods where they're invested.