Posted by: phillipsre | January 26, 2016

Regulations for Short Term Rentals

Short term rentals like Airbnb and VRBO have become increasing imagepopular over the last few years. They allow travelers and short term residents to find nice, furnished apartments in the city of their choice. They have also become an income generating resource for homeowners that have either relocated or are also traveling. In some situations they are also used mainly as an investment property. With the rise of short term rentals, especially in cities like Seattle, where affordable housing can be hard to come by, short term rentals makes the market even more challenging. This article from The Stranger highlights Council Member Tim Burgess push to regulate these short term housing options. The concern that is addressed is that if increasing numbers of landlords take longterm housing off the market to maximize profit with short-term rentals, the available longterm housing supply gets squeezed even more than it already is. For more information on Burgess’ suggested regulations, click here to read the full article. 

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