Thanks to the sharing economy, travelers have been able to cut costs dramatically—especially by renting a house, apartment or condo in lieu of staying at a hotel. It especially makes sense when traveling with a family or as part of a large group; you can save so much money not having to book multiple hotel rooms and by having to access to a kitchen (cheaper meals!), free parking, Wi-Fi, etc. And even better than all of that: You get to live like a local, which can make for a more fulfilling travel experience.
However, what a lot of renters don’t realize is that some cities and towns are starting to crack down on landlords. Many places are requiring owners to rent for 30 days or more so they don’t turn neighborhoods into transient places and lose out on the taxes hotels pay. So before you rent a place, make sure you find out the local law—especially if you’re renting for less than 30 days. The last thing you want is to get an email saying that your reservation has been cancelled, or worse, have the authorities knock on your door and evict you. Here’s an example of what happened when authorities in Santa Monica convicted their first Airbnb host under tough home-sharing laws.
Don’t let this happen to you. Before renting a vacation home, do your research, ask questions and know what the local house rental laws are.
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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.