Yici (Angela) Wang
Email: YiciAngelaWang@YiciAngelaWang.com
Institution/Organisation:
Authored/ Co-authored Research
Title: THE IMPACT OF SHORT-TERM RENTAL REGULATIONS ON COMMUNITY ASSOCIATIONS IN THE CHICAGO AREA
Published: Wang, Y. (2023) The Impact of Short-term Rental Regulations on Community Associations in the Chicago Area, Virginia: Foundation for Community Association Research
Funders: Byron Hanke Fellowship, Foundation for Community Association Research
Author/Co-authors: Yici (Angela) Wang
Keywords: Disputes/conflict, Economics / markets, Governance, Planning,
Summary:
Short-term rentals have gained popularity in the US and are still growing. Homeowners reacted differently to the surge of short-term rentals. Some were thrilled about this opportunity to earn extra cash, while the rest complained about the noise and property damage. This report investigates the current approaches of community associations in Illinois in dealing with STRs. Through surveying residents and managers of CAs, the research can help community associations and local governments design policies with the right degree of regulation upon STRs and maximize the well-being of the residents.