A real estate broker in Michigan penned an op-ed supporting Michigan’s HB 4503 & SB 329 that prempt local ordiannces and home owner associagtion rules regarding short term rentals.
The 2 bills provide for local control over noise, traffic, advertising and other conditions.
The real estate broker support for these bills:
- The bills are pro-private property rights
- The bills aren’t preemption, the bills are a starting point for local ordinances and rules
- Allowing for short term rentals increases property values. Disallowing short term rentals devales property by 15%
Holland Michigan Sentinel | My Take: Support for short-term rental property rights