Short Term Rental & licensing in restricted cities.
I've been researching lately in investing in for short term rental. How are people able to do this in larger cites that have restrictions such as only being able to rent out for 90 days? Are they buying with a commercial loan with and setting up like a business? When looking on Airbnb in my local city I can clearly see that people are renting out all year long for longer than that.
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#1 Rehabbing & House Flipping Contributor
- Contractor/Investor/Consultant
- San Diego / Phoenix
If the jurisdiction prohibits it, and it's still being done, then these folks are cheating around the rules. This topic has come up many times on here. Now they may get caught or they may not, but I suspect it's only a matter of time until something bad happens to them.
Far better to just find a city where STRs are welcome and not restricted and do your business there....no point in bashing your head against the wall all the time, or worse yet, have your business shut down. Governments are not very smart or efficient, but even they will eventually catch on, or a neighbor will turn you in.
There are plenty of places around the country where you can operate your STR legally.......