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Village of Oak Creek Bans Short Term Rentals

Posted By Wally Reule @ Nov 23rd 2016 12:31pm In: Events

Last month i wrote a blog about an upcoming vote by the members of the Village of Oak Creek Association on whether or not to allow short term rentals of less than thirty days. Well, the results are in and the association did indeed ban rentals for less than thirty days. That doesn't mean that a tenant has to stay the full thirty days, but it does mean that you cannot have more than one tenant in any thirty day period. Although it does put a damper on Vacation Rentals by Owner, it just means that investors need to consider this in their assumptions when calculating a rate of return.

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