Buying a house as an Airbnb investment strategy is a risky move
“There’s just this incredible patchwork that’s developing across these cities,” said Andrew Moylan, executive director of R Street Institute, a nonprofit public policy research organization.
For example, New York has strict regulation, where listers can only rent out apartments for periods of 30 days or more unless they’re present at the same time as the guests. In Washington, D.C., listers are operating in a “gray area” with old regulation, while a proposed bill on short-term rentals awaits a vote in City Council, Moylan said.
In the South, where Berklacy was searching, Savannah, Georgia, and Nashville, Tennessee, have specific regulations that allow the short-term rentals, according to R Street, but homeowners association restrictions may still limit the available properties.
