Creating Condo Association Policies for Short-Term Rentals
Short-term rentals, powered by technology companies like Airbnb and VRBO, are shaking up the Condo Association industry. Their easy to use platform is making it such that Owners can easily – and often illegally – rent out their property to short-term vacationers for big dollars, despite most Association Bylaws prohibiting short-term rentals. This is causing havoc in a number of Associations for these flagrant rules violations. However, in parallel, some jurisdictions are starting to legalize and embrace short-term rentals, further confusing the issue. The result is that your community may want to consider creating Condo Association policies for short-term rentals to get ahead of the curve. Read the article…………..