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Short-Term Rental (STR) Regulations
In Portland, ME, Short Term Rental (STR) regulations are governed by the city's Code of Ordinances. Here are some key points that an investor should be aware of before purchasing a property for STR in this market:
1. Registration: All STR properties in Portland must be registered with the city's Housing Safety Office. This includes providing information about the property, contact information for the owner, and proof of insurance.
2. Zoning: STR properties in Portland are subject to zoning regulations, which may restrict where these properties can be located. Investors should check the city's zoning map to ensure that the property they are interested in is in a zone that allows for STR.
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