News surfaced a few days ago that legislation set on limiting the number of vacation rental properties rented to short-term visitors is gaining steam on the island of Kauai in Hawaii. Bill 2204, as referenced here, would effectively place a limit on the number of vacation properties to be used in such a fashion by not allowing anyone who doesn’t currently rent their property to do so in the future.
Current owners who have paid the appropriate taxes for the current year would be ‘grandfathered’, and free to continue to operate their vacation rental as in the past. New owners looking to enter the market would be unable to use their property for other visitors.
This possible ‘ban’ on vacation rentals in the area comes on the heels of countless other similar news stories coming to light from Alabama to Washington State. While many 2nd [...]
Original post by nathaniel and software by Elliott Back
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