HOW SHORT-TERM RENTALS ARE CHANGING THE MARKET
TIM HURSLEY
BY JONATHAN OPITZ
1424 SoMa
A
s cities across Arkansas work to regulate short-term rentals, mostly due to their proliferation in singlefamily, residential-style neighborhoods, we thought it would be helpful to interview an expert. Samantha Stocks of 524 & Co., Inc., has extensive experience managing a variety of short-term rentals across our state. The goal of such projects is not to put additional strain on the housing market, but to create spaces for visitors and guests — along with local, long-term residents — that offer safe, high-quality experiences in desirable destinations.
Have you seen a trend toward a more transient nature of shortterm renters? We have, more so in the larger Arkansas cities; people are 42 | BLOCK, STREET & BUILDING VOLUME 8 | 2022
TIM HURSLEY
How has the short-term rental market changed over the past two years? Stocks: It has drastically changed in a positive way. Renters want flexibility in case of sickness, job loss or any other unforeseen condition, and are willing to pay a higher rate not to be locked in to a long-term lease.
1424 SoMa studio unit
