Indiana Governor Eric Holcomb has been sent legislation forbidding local governments from banning Airbnb and other short-term rental companies (STRs). Previously, cities in Indiana had, according to The Indianapolis Star, “prohibited people from renting out space that wasn't their primary residence on a short-term rental platform.” Missouri would be wise to follow Indiana’s lead.
For the past several months, Kansas City’s Planning, Zoning and Economic Development Committee has been considering regulations relating to short-term rentals (STRs), such as those offered through the Airbnb and VRBO (Vacation Rental by Owner) platforms. This is the next go-round with regulation of the so-called sharing economy after the Council’s long struggle with ride sharing or transportation networking companies (TNCs) such as Uber and Lyft.
In the last few years, technological innovation has facilitated the rise of the so-called “sharing economy,” where information technology allows owners of cars or homes to rent-out their property to interested customers. The most prominent examples of this are Uber, where people pick up passengers in their personal vehicles, and Airbnb, where property owners rent out their homes (or part of their homes) to travelers.