Brevard task force for studying STR impact

[Ryan Howell]

https://www.transylvaniatimes....

This happened a few months back.  I'm curious to see everyone's opinion and what they believe the outcome might be.  Personally, I think Brevard is one of the best spots in WNC and personally I don't think we will see the limitations like we do in Asheville, but obviously, this needs to be considered for anyone wanting to invest here.

[Mitch Davidson]

@Ryan Howell @Mike Szabo @Lindsay Green Some thoughts:

• I think we're seeing a theme, that owning an STR near a WNC downtown has a little more risk of regulatory complications. I've looked at a couple STR candidates downtown Brevard lately, and hesitated because of stuff like this.
• We surely have a serious affordable housing problem to work on. The lower-income people that take care of us in the community can't find affordable places to live, at an increasing rate. Thus, I can understand the concern about too many properties becoming STR. But as an investor, I too believe in STR and the benefits you all have mentioned. Perhaps we need more apartments, and/or to convert some hotels to apartments, etc. I'm personally a little conflicted about it.
• Should the city say STR isn't allowed, owners will still have a better option than LTR or selling. They can convert to furnished month to month. The model works well for me at least.
• Perhaps the NC senate will soon pass one of the two house-approved bills that will take away STR regulatory abilities from cities and counties.