Tourism and Short-Term Rentals

Short-term rentals have become a challenge for popular tourist destinations, as residential property owners compete with hotels. Miami Beach is an example of a destination that has implemented strict short-term rental rules, with code compliance officers visiting properties to confirm that guests are legal renters. Compliance officers learn about illegal rentals from complaints made by property managers or residents, such as loud noise or drunk guests. Hosts in Miami Beach must have resort tax registration and business licenses before their property can be listed on short-term rental platforms, and fines for illegal rentals can be as high as $20,000 for a first offense. Toronto is also expected to introduce similar regulations.