Send Your REFERRALS

Do you know a friend who is interested in buying a home?CLICK HERE

Schedule A MEETING

Meet with one of our agents for a consultation… CLICK HERE

Why Invest TODAY?

Check out these FAQs to help you decide whether to invest today or not… CLICK HERE

Should my neighbor be allowed to turn his house into a short-term rental?

Source: Kiplinger

 

The debate over short-term rentals, such as Airbnb and VRBO, is a constant one in all of America’s major cities. The debate centers around whether the entrepreneurial landlords or homeowners have the right to make a buck and the right of neighbors to maintain the atmosphere of the locale.

 

In some cities, there is the added concern that investors who buy homes in order to profit from short-term rentals are pricing home buyers out of the market. Some rental apartment building prohibit brief sublets by tenants who might want to earn extra income, and that’s the landlord’s right.

 

But some apartment-building owners, who control all the leases, may be tempted to plunge into the tourist rental market themselves to earn much more on a nightly basis than on a monthly or yearly lease. If neighboring tenants find this to be a nuisance, they have every right to find out whether the landlord’s practice of turning the apartment building into a de facto hotel violates local zoning.

 

Ditto if the house next door has become a tourist crash pad. Talk to your neighborhood association and zoning officials about whether this is allowed. A reasonable compromise might be new zoning laws that don’t ban such short-term rentals but limit their frequency.

air-b&b

About Community Real Estate

Community Real Estate is a Real Estate Brokerage committed to provide quality professional services. We are a full service company with in-house lending. We are Realtor®s and HUD approved selling agents. We are expert Short Sales, Listing Agents and Buyers’ Agents. We also specialize in First Time Buyers, Second Homes, Vacation Homes, Investment Homes, Leasing and Rentals, Relocations, Probate sales, Vacant Land sales, Manufacture Homes/Mobile Homes sales, Foreclosures, Distress Properties and REO listings and sales. We support our America’s Heroes. We look forward to meeting you and your needs!
This entry was posted in Airbnb, Real Estate, Rentals and tagged , , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

FEATURED PROPERTIES

714-835-7126

714-835-7126

Contact Information

CA Department of Real Estate Lic.# 01960213
  • facebook
  • twitter
  • linked in