STRs can provide the owner of the home with significant additional income but opponents say they provide incentives for owners to remove available properties from the long-term housing market and contributes to the housing shortage and increase in housing costs. Councilwoman Gina Belforte, in particular, expanded on the housing shortage issue. Recently, several residents of the Citadel Apartments received eviction notices from the owner, who plans to convert those apartments into luxury units which the residents cannot afford. Her concern was that owners would purchase properties, drive up prices and drive out residents. Its a question of not just short term rentals, but what do we want RP to look like? I think of RP as family friendly city and the biggest asset we have is our community, Belforte said. When it #commercialpropertymanagement comes to preserving neighborhood character, I would like to do that.
source https://rentwithdiamond.wordpress.com/2017/03/12/an-intro-to-no-fuss-residential-property-management-systems/
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