Should You Buy Your Pocono Short-Term Rental in an LLC or in Your Personal Name? One of the questions that comes up often with short-term rental buyers is whether they should purchase the property in an LLC or simply buy it in their personal name as a second home or vacation home. Investors think about liability, lawsuits, taxes, financing, and long-term protection. They want to do things the...
STR
If you’re planning to buy a vacation home in the Poconos and rent it out on Airbnb or VRBO, you’ll need to understand the short-term rental (STR) license process. Pennsylvania is a Commonwealth, which means much of the regulatory power rests with local municipalities. That’s why the rules for STRs vary depending on whether your property is in a township, borough, or city — and why it’s so...
There has been a significant win in Commonwealth Court in a case called Ruffled Grouse Ridge Owners Association versus Charles Hura. Ruffled Grouse Ridge is a small community in the northern part of the Poconos, in Lakeville, Paupack Township, Wayne County. Homes here have a restrictive covenant tied to their deeds which includes giving an owner’s association regulatory powers. The association...