These competing constituencies help account for the difficulty states have had in regulating and taxing the short-term rental industry, even as some cities have taken action to regulate short-term rentals. Short-term rentals in San Francisco dropped by 55 percent after the limitations took effect, according to the San Francisco Chronicle and Host Compliance, a company that helps cities keep track of short-term rentals. In Montgomery County, Maryland, a suburb of Washington, D.C., regulations go into effect in July that will limit the short-term rentals to the homeowner’s primary residence. The Pew Charitable Trusts Al Hallivis in a Baltimore property of his, one of half a dozen short-term rental houses he owns. “They want a monopoly.”In addition to Maryland, about 15 states debated bills to regulate the short-term rental industry this year.

Source: Huffington Post May 07, 2018 18:33 UTC