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  PROS AND CONS OF SHORT-TERM RENTAL REGULATIONS In recent years, the short-term rental (STR) market has grown in Sullivan County and its surrounding areas and there are no signs that it will disappear any time soon given the popularity of websites like Airbnb and VRBO. When STRs are properly regulated, positive impacts can benefit…

THE INEQUITABLE REAL PROPERTY TAX TREATMENT OF SHORT-TERM RENTAL PROPERTIES Short-term rentals (“STR”) are a burgeoning and booming billion-dollar industry that remains largely unregulated and undertaxed.  Earning two to three times the potential income of long-term rentals, STR investors enjoy freedom from the same levels of taxation and regulation that hotel and motel owners are…

KINGSTON’S NEW ZONING PLAN ADDRESSES HOUSING ISSUES Despite widely held consensus that the Hudson Valley is experiencing an unprecedented housing crisis, there is little in the way of public agreement on the best way to go about addressing it. As a result, a patchwork of legislative solutions have hit the books in municipalities across the…

HOUSING – THE OVERLOOKED INFRASTRUCTURE The United States is experiencing a critical shortage of affordable housing opportunities.  According to a recent publication of the National Association of Realtors (NAR) titled “The Doubled Trouble of the Housing Market,” we are experiencing the double whammy of record high home prices and record low inventory of available homes….

BALANCING THE SHORT-TERM RENTALS MARKET IN THE HUDSON VALLEY Over the last few years, the Hudson Valley and Catskills has become a very popular short-term rental (STR) market and part of the national debate about their merits and shortcomings. While many residents that operate STRs experience financial success and help bring visitors to their area,…

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