Reason number 1: many cities, counties and municipalities are drafting or enacting legislation and laws to prohibit such use of real estate as it affects the hotel industry who is all mighty and powerful and can weld laws their way much like a great blacksmith crafts a benchmade knife.

I believe that the State of Texas would need to pass legislation to override Austin from enforcing its own existing STR rules and the next Texas Legislative Session does not begin until January 2021.

@Matthew Stallings Hollywood, FL is pretty STR-friendly; however, I would recommend waiting until this summer before pulling the trigger as there is some legislation going through the Florida government as we speak that could potentially affect the STR market.

And they are written and updated by the same attorney that writes most of the WI landlord tenant legislation, so always up to date.

But here's a few sites you can go to where you can do more research and get some more info:https://cal-rha.org/legislative/ab-1482/https://a17.asmdc.org/issue/ab-1482-frequently-asked-questionshttps://www.naahq.org/sites/default/files/naa-documents/naa_-_tenant_protection_act_of_2019_ab_1482.pdfBest of luck.

It is real easy to get in trouble here so we work with attorneys and people who are staying on top of all the legislative changes that Salem can throw at us.

I also like to hear the legislative updates on bills being voted on in our state legislature.

The Greenhaven ppl are back and they are pushing to have HB 644 fast tracked thru legislation this year and get to referendum in November.

Too many legislative landmines and severe penalties for Landlord-Sellers who don't jump through all the hoops.

I suppose such legislation might have escaped my attention in the last legislative session but I doubt it.