Retirees Seeking Homes Need Help Navigating Areas With Short-Term Rental Bans

Retirees are finding neighborhoods that are free of short-term rental properties attractive as they seek quiet, peaceful areas where they can connect with their neighbors and avoid constant activity from renters. But the properties that retirees often find desirable in destination and resort areas can be prone to having short-term rentals next door.
“The vast majority of U.S. short-term rentals are in destination/resort and small town/rural locations around the country, of which many are the owner’s second homes,” Jamie Lane, vice president of research at AirDNA, an analyst firm for the short-term rental industry, told The Wall Street Journal. From the beginning of 2015 to the beginning of 2020, housing units rented on short-term sites such as Airbnb and Vrbo surged from 450,000 to 1 million, Lane notes
Short-term rental properties are becoming more common as homeowners look to supplement their incomes. Some consumers preparing for retirement target properties where they can generate revenue from short-term rentals until they are ready to move into the house. But once they are ready to occupy the property full-time, they can discover that living close to other short-term rentals is not appealing, real estate professionals say.
Continue…https://magazine.realtor/daily-news/2021/02/26/retirees-seeking-homes-need-help-navigating-areas-with-short-term-rental-bans