Short-term rentals' impact on neighbourhood

Posted on
Share this article   

By Shalini Katessan shalini@mystar.com.my and Santtana Looganaden santtana@mystar.com.my

A 3 Storey home in Slim Villas, Pulau Pinang for short term renters.

A 3 Storey home in Slim Villas, Pulau Pinang for short-term renters.

Homesharing is becoming more appealing to the budget-conscious tourists who tend to favour couch-surfing, or to those looking for a memorable localised experience.

For the property owners, or “hosts,” the appeal lies in the extra income generated by renting out a spare bedroom.

However, some critics are calling short-term rental place “rogue hotels”, because unlike hotels, these places have virtually no oversight or accountability, potentially creating a public safety issue.

In some instances, folks who own or occupy homes next door to short-term homestays are not happy. They resent the constant strangers, noise, and other nuisances associated with living next door to short-term renters who may not abide by the same communal practices.

As a result, short-term rentals have become a contentious issue among some communities.

With homesharing becoming a global trend, here are the responses of some local communities at different parts of the world.

  • Some state and local governments are considering legislation that would prohibit advertising multiple short-term listings. For example, New York limits the number of days a property can be rented out each year, each host is limited to one listing, and the host is required to be on-site during guest stays. It is also illegal to advertise a residential rental with three or more units within 30 days.
  • In Washington, D.C., where over 200,000 short-term rental guests stayed last year, the hosts are required to buy licenses, and intermediaries are required to collect and remit taxes.
  • Virginia recently proposed new rules which would create the first statewide system to collect short-term rental taxes by local governments. But both local governments and hotels have concerns such as apartment owners renting out units of the entire building as short-term homestays.
  • In Florida and Illinois, short-term rental guests pay state taxes, while Louisiana has also extended its 4% sale tax to include short-term rentals. Connecticut collects a 15% hotel tax for short-term rentals. Almost 2,000 hosts in Connecticut rent out their homes, and over 50,000 guests have used them.
  • Other cities such as Portland appear to welcome short-term rentals, getting in front of the issue by passing rules that required hosts to buy a permit, and in turn, generating about $500,000 annually for the city.
Want to contribute articles to StarProperty.my? Email: editor@starproperty.my
Related News

Fresh from the news oven

10:02 AM
News & Articles
18:04 PM
Home & Living
Latest News

Stories and news that might pique your interest

16:11 PM
News & Articles
16:11 PM
News & Articles
16:11 PM
News & Articles
16:11 PM
News & Articles
14:11 PM
News & Articles
13:11 PM
News & Articles
16:11 PM
News & Articles
16:11 PM
News & Articles
16:11 PM
News & Articles
16:11 PM
News & Articles
14:11 PM
News & Articles
13:11 PM
News & Articles
16:11 PM
News & Articles
16:11 PM
News & Articles
16:11 PM
News & Articles
16:11 PM
News & Articles
14:11 PM
News & Articles
13:11 PM
News & Articles
16:11 PM
News & Articles
16:11 PM
News & Articles
16:11 PM
News & Articles
16:11 PM
News & Articles
14:11 PM
News & Articles
13:11 PM
News & Articles
16:08 PM
Home & Living
09:08 AM
Home & Living
11:02 AM
Home & Living
09:08 AM
Home & Living
10:07 AM
Home & Living
12:07 PM
Home & Living
00:11 AM
Featured Dev
00:11 AM
Featured Dev
00:11 AM
Featured Dev
01:10 AM
Featured Dev
00:08 AM
Events
19:05 PM
Events
18:05 PM
Awards 2024
16:05 PM
Events
15:05 PM
Events
00:10 AM
Awards 2024
09:04 AM
News & Articles
16:03 PM
News & Articles
10:02 AM
News & Articles
11:11 AM
News & Articles
11:09 AM
Featured
11:11 AM
Investment
16:06 PM
Investment
16:06 PM
Featured
15:06 PM
Investment
12:07 PM
潮樓產業
14:07 PM
潮樓產業
10:07 AM
潮樓產業
16:07 PM
潮樓產業
14:07 PM
潮樓產業
12:07 PM
潮樓產業