My city in AZ just passed an ordinance that requires any short term rentals to have a permit, the owner must be able to respond to the property within 60 minutes, AND there must be a verified neighbor reachable 24 hours of the day and verified.
That should put a significant dent in landlord rent seeking behavior.
My city in AZ just passed an ordinance that requires any short term rentals to have a permit, the owner must be able to respond to the property within 60 minutes, AND there must be a verified neighbor reachable 24 hours of the day and verified.
That should put a significant dent in landlord rent seeking behavior.
But it also takes away from the original nature of AirB&B which is rent out your home while you’re away or your personal second home
That’s what happens when capitalism ruins something with good intentions.