Which STR markets got materially harder and which are not to operate ?
I've been mapping permit, tax, and enforcement rules across a bunch of US markets, and the gap between "high revenue potential" and "actually operable" is widening fast. Some 2022-darling markets are now capped, lottery-gated, or actively enforcing in ways that change the whole underwriting picture.
A few patterns I'm seeing in cities moving to hard permit caps (San Diego's whole-home tier is near its 1% limit), platforms delisting unlicensed listings automatically, and counties standing up dedicated enforcement funded by the fines themselves.
For those actively buying, which markets have you crossed off your list because of regulation, and which are you still confident in? Trying to build a real picture beyond the AirDNA score.
Most Popular Reply
#5 All Forums Contributor
- Investor
- Greer, SC
Nothing seems to be getting easier in the STR field.
People found good markets and rushed to them making them saturated.
I'm sure there are still good pocket locations but if it were me, I'd keep those a secret.
Some are the best performers are once that were bought a decade or longer ago with low-interest rate loans. I have one of those and I don't have to worry about it making money.