Nationwide, short-term rentals have reportedly grown 800% since 2011, changing the economics of investment properties. Owners can receive more rent from one vacationer in a week than they previously received in a month renting to full-time tenants.
Getting some short-term rental owners to comply with regulations is a cumbersome process, Urbanna Treasurer Michelle Hutton told the town council at its April 27 meeting.
The town opened the door to short-term rentals in April 2021, said Hutton. “Since then I have been in a constant battle tracking, monitoring, and trying to research payments. We have owners and agents that just don’t follow the rules.”
