Property Manager · Phialdelphia, PA · Member since 2017 · 511 posts · 627 votes
Hi all,
Another “business friendly” act from city of Philadelphia.
If you rent your primary residence for period of less than 30 days, you must possess a zoning permit for limited lodging use. Beginning April 1, 2022, you will also be required to have a new limited lodging license.
If you rent a property that is not your primary residence for less than 30 days, you need a zoning permit for visitor accommodations. Beginning April 1, 2022, you will also be required to have a rental license with a ‘hotel’ designation.
I've already heard of AirBnb investors diverting from the city due to these coming regulations. Unfortunately the trajectory we have been on for some time and sadly will remain on for the time being.
I've already heard of AirBnb investors diverting from the city due to these coming regulations. Unfortunately the trajectory we have been on for some time and sadly will remain on for the time being.
Ah, the lovely city of Philadelphia making all of our lives easier per usual. Most likely we'll see an increase in AirBnB rates across the city due to the increase in costs. I'll be curious how much this is a deterrent or if simply rates will increase to counter it.
Ok, I'm still a little unclear. If I own a home is is saying that I cannot short term rent it for more than 90 days or 180 days (with the other restriction of no more than 30 to one party)? And I have to live there for at least 6 months? Lastly it mentions a subsection (c) but it ends with (b), am I missing something?
Does this effectively rule out short term rental as a business except for hotels? I can't see anyone buying a place or rent arbitrage for only 90 to 180 days of STR.