Websites like Airbnb and HomeAway have helped create a billion-dollar home-sharing industry. For local governments, though, short-term vacation rentals (STRs) have been a growing source of challenges: from party houses and housing shortages to unlicensed units and hosts not paying taxes.
Having smart regulations and the right technology can help you care for your community. STRs can even be an unexpected source of revenue while recovering from the economic fallout of the pandemic. Understanding the modern STR industry can help guide decisions in leading your community in a post-COVID world.