Can anyone currently investing in Short Term Rentals in the Memphis area shed some light on the current rules and regs?
The ones I know of so far are (please correct if wrong):
Option for the city to inspect for code compliance
Option for city to inspect for food and safety compliance
Someone associated with the property must live within 50 miles of rental
The link I posted to approved city regulations was removed, but it seemed to state the city fee was $2/night plus 3.5%. Was this changed to 5% after initial approval?
@Daniel Weaver you may be correct. The 5% was from an internet search, but perhaps they haven't passed that yet. It is proving difficult to actually get answers on this.