VRMA Administrator
A measure introduced this year in the South Carolina State House would make imposing local bans on short-term rentals illegal. South Carolina REALTORS urged the passage of the bill at a recent news conference at the State House, at which it also released the findings of a recent study from University of South Carolina Research Economist Joseph Von Nessen on short-term rentals. The study found these rentals have a $4.2 billion impact on South Carolina’s economy each year, generating nearly $2 billion in revenue for property owners annually. “The dollars that we’re talking about translate for a real opportunity for real people to help build their communities and their lives,” South Carolina REALTORS President Rob Woodul said. The bill would prohibit local governments from enacting local laws that ban renting a residence, spanning from entire homes to individual beds, for fewer than 29 days.
WCSC-Charleston CBS 5 (SC) (02/16/23) Mary Green
