{"id":44426,"date":"2023-12-03T06:55:17","date_gmt":"2023-12-03T11:55:17","guid":{"rendered":"https:\/\/brigantinenow.com\/?p=44426"},"modified":"2023-12-03T06:59:01","modified_gmt":"2023-12-03T11:59:01","slug":"brigantine-short-term-rental-bubble-zoning-liability-financial-foolery","status":"publish","type":"post","link":"https:\/\/brigantinenow.com\/brigantine-short-term-rental-bubble-zoning-liability-financial-foolery\/","title":{"rendered":"Brigantine Short-Term Rental Bubble; Zoning, Liability &#038; Financial Foolery"},"content":{"rendered":"\n<figure class=\"wp-block-embed is-type-video is-provider-vimeo wp-block-embed-vimeo wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"ast-oembed-container \" style=\"height: 100%;\"><iframe title=\"STR john williams 11.25.23\" src=\"https:\/\/player.vimeo.com\/video\/888219095?dnt=1&amp;app_id=122963\" width=\"500\" height=\"281\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write\"><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<p>Ventnor and Brigantine keeping close eye on short-term rental activity in their neighborhoods.<\/p>\n\n\n\n<p>Both towns have minimal restrictions and limited resources to enforce local STR law.<\/p>\n\n\n\n<p>Latest<a href=\"https:\/\/downbeachbuzz.com\/ventnor-debates-short-term-rental-rules\/\">&nbsp;Short Term Rental<\/a>&nbsp;(STR) Issues:<\/p>\n\n\n\n<ul>\n<li>STR\u2019s taxed as commercial business.<\/li>\n\n\n\n<li>Spot-Zoning. Planning Boards need greater scrutiny.<\/li>\n\n\n\n<li>Potential mortgage fraud. Lack of proper commercial insurance.<\/li>\n\n\n\n<li>Hidden identity of property owners. LLC\u2019s and holding companies. Who can you sue?<\/li>\n\n\n\n<li><a href=\"https:\/\/downbeachbuzz.com\/brigantines-new-short-term-rental-ordinance-angers-residents\/\" target=\"_blank\" rel=\"noreferrer noopener\">Absentee landlords OK in Brigantine<\/a>. Crime. Noise. Parking.<\/li>\n\n\n\n<li>Builder incentives not identified in contract price. Inaccurate home values.<\/li>\n\n\n\n<li>STR\u2019s harm full-time residency and local business. Less housing available for local workforce.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-vimeo wp-block-embed-vimeo wp-embed-aspect-16-9 wp-has-aspect-ratio\" style=\"margin-top:var(--wp--preset--spacing--30);margin-bottom:var(--wp--preset--spacing--30)\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"ast-oembed-container \" style=\"height: 100%;\"><iframe title=\"Short Term Rental Risk and Liability\" src=\"https:\/\/player.vimeo.com\/video\/888202544?dnt=1&amp;app_id=122963\" width=\"500\" height=\"281\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write\"><\/iframe><\/div>\n<\/div><figcaption class=\"wp-element-caption\">STR Mortgage Fraud?<\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><a href=\"https:\/\/www.cbsnews.com\/colorado\/news\/parties-trash-fires-jefferson-county-community-group-crackdown-short-term-rentals\/\" target=\"_blank\" rel=\"noreferrer noopener\">CBS NEWS:<\/a>&nbsp;Rapid increase in short-term rentals transform neighborhoods. Worries that there is little review of the individual businesses and the impacts to local communities and regional infrastructure. Hotels are scrutinized by planning and zoning boards, but hundreds of vacation homes are not.&nbsp;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Most problems stem from short-term rentals, often owned by absentee landlords.<\/p>\n<\/blockquote>\n\n\n\n<p><a href=\"https:\/\/www.newsweek.com\/topic\/colorado\" target=\"_blank\" rel=\"noreferrer noopener\">Colorado<\/a>&nbsp;new legislation would classify short term rental properties as \u2018commercial\u2019 and therefore institute a higher tax rate on the homeowners. https:\/\/www.newsweek.com\/colorado-short-term-rental-tax-increase-housing-market-1840438<\/p>\n\n\n\n<p><strong>What\u2019s new:<\/strong>&nbsp;Colorado&nbsp;<a href=\"https:\/\/leg.colorado.gov\/sites\/default\/files\/images\/committees\/bill_6_24-0388.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">legislation<\/a>&nbsp;to&nbsp;<a href=\"https:\/\/coloradosun.com\/2023\/11\/01\/short-term-rental-legislation-raises-property-taxes\/\" target=\"_blank\" rel=\"noreferrer noopener\">tax short-term rentals at the same rate as hotels<\/a>, saying it\u2019s a matter of fairness. STR owners would pay 27.9% lodging rate, rather than current 6.77% residential rate.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cbsnews.com\/colorado\/news\/parties-trash-fires-jefferson-county-community-group-crackdown-short-term-rentals\/\">https:\/\/www.cbsnews.com\/colorado\/news\/parties-trash-fires-jefferson-county-community-group-crackdown-short-term-rentals\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ventnor and Brigantine keeping close eye on short-term rental activity in their neighborhoods. Both towns have minimal restrictions and limited resources to enforce local STR law. Latest&nbsp;Short Term Rental&nbsp;(STR) Issues: CBS NEWS:&nbsp;Rapid increase in short-term rentals transform neighborhoods. Worries that there is little review of the individual businesses and the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":44429,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[450,12,683],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brigantine Short-Term Rental Bubble; 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