Short-term rental platforms have turned houses, condominiums, and second homes into income-producing property, and local governments, homeowners associations, and insurers have responded with rules that vary from one jurisdiction to the next and change often. Otten Johnson advises owners and investors on what those rules mean for a specific property, and on the transactions that come with buying, holding, and renting it.
How we help
Zoning and regulatory compliance
Whether a property can be rented short term, for how long, and under what conditions is a question of local law. We review the applicable regulations and licensing requirements and advise owners on compliance as those rules evolve.
Covenants and community restrictions
Private restrictions often reach further than the local code. We review covenants, conditions, and restrictions, along with association rules, and advise owners on how those documents apply to short-term rental use.
Acquiring and financing the property
For clients buying into this market, we work on site selection and acquisition, entity formation, and financing and refinancing.
The team also handles landlord-tenant matters that arise in connection with rental properties.
