Short-Term Rentals: Navigating New Regulations and Appraisal Challenges
Appraising properties with short-term rental (STR) potential (like Airbnb) is complex. The appraiser’s first and most crucial step is to determine if the STR use is legally permissible as the “Highest and Best Use,” which is increasingly difficult due to strict new regulations in places like Boston (which only allows owner-occupants). If the use is […]