AirBnBust Worsens In Kansas City

Sign of the times . . . 

Online rentals are no longer generating the steady revenue investors grew to expect during the pandemic. The era of #Airbnbust has taken hold.

Meanwhile . . .

Local frustration with tech real estate barons worsens and council is ready to take action on the crisis.

Check-it . . . 

"The proposals would generate an estimated $6 million in revenue and are part of City Council’s recent efforts to better regulate short-term rentals, particularly after city reports showed an overwhelming majority of Airbnbs are unlicensed and skirt city law."

Read more via www.TonysKansasCity.com link . . .

Kansas City voters may get to decide whether to tax Airbnbs and other short-term rentals

Kansas City hopes to bring in the millions it misses out on by not taxing short-term rentals like Airbnbs with two new measures that will go before City Council on Thursday. The proposals follow months of frustration from Kansas City residents who have complained about unruly and unregulated Airbnbs causing quality of life issues in their neighborhoods, and have called on city officials to better regulate them.