Earlier this year, the Seattle City Council began debating a proposed ordinance to regulate the short-term rental market in the city. The proposal, similar to others around the country, focused on banning non-owner occupied homes from participating in the regulatory framework and severely restrictin
The single biggest trend driving growth in the “alternative accommodation” sector over the past year or two has been the growth of professional management in urban short-term rentals.
The Vacation Rental Management Association (VRMA), an international trade association representing professional property managers of traditional short-term vacation rentals, released the following statement in response to Idaho Governor Butch Otter’s signing of House Bill 216.
State legislators are busy at work in the 2017 legislative session. VRMA is currently tracking 36 bills that could have an effect on the vacation rental industry. These bills range from the good to the bad and a lot in between.
2016 was a momentous year for the vacation rental industry. After acquiring HomeAway in 2015, Expedia saw the exodus of much of the executive team and very clearly pivoted to focus on professionally managed properties at the expense of HomeAway’s old bread and butter: Rent-by-owners (RBOs).