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Short-Term Rental (STR) Regulations
In Richmond, VA, Short Term Rentals (STRs) are regulated by the city's Department of Planning and Development Review. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Zoning Restrictions: Richmond has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Permitting Requirements: STR hosts in Richmond are required to obtain a permit from the city in order to legally operate. This permit must be renewed annually and there are specific requirements that must be met in order to obtain and maintain the permit.
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