3 Tips in 15 Minutes: How Fractional Ownership Impacts Short-Term Rentals

Short-term rentals have significantly altered the landscape of guest accommodations over the last decade. Now, new ownership trends threaten to continue the shake-up. Fractional ownership, where multiple parties formally work together through a service to purchase an investment rental property, is on the rise. With community character and housing inventory at stake, it’s critical to understand the implications of these new property owners entering your community for explicitly commercial purposes. Planner and consultant Jeffrey Goodman, AICP, shares his top thoughts and concerns when it comes to short-term rental fractional ownerships.