Insights

  Since my review of important considerations for short-term property rental hosts in June 2016, the home sharing industry has continued its rapid growth.  Approximately 124,000 guests booked property rentals in Missouri through Airbnb in 2016, a 166% increase over the prior year, which resulted…
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Shortly after his January 9, 2017 inauguration, Governor Eric Greitens announced how he plans to cut $146 million from the state budget.  The St. Louis Business Journal pinned the blame for Missouri’s budget imbalance on a drastic reduction in corporate income tax collections due to…
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While many people seek to be spooked during the month of October leading up to Halloween—homebuyers most certainly do not want to be spooked by their new house.  Is a house that is allegedly haunted or was the site of a creepy event considered a…
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The “sharing economy” (also known as the “peer economy” or “gig economy”) in which individuals earn money from allowing strangers to use their underused assets, has received much attention in recent years.  Uber is a well-known example of a sharing economy company, which allows travelers…
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Across St. Louis, entrepreneurs, developers, and passionate residents are investing heavily in the improvement of our city neighborhoods. On a rainy day in late March, the Capes Sokol Business and Real Estate Practice Group journeyed to Cherokee Street to see firsthand the work being done…
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On December 31, 2015, St. Louis County Ordinance 26,211, the “Residential Rental Property Licensing Code,” (the “Code”) will become effective.  Note the following important limitations:  The Code applies only in unincorporated parts of St. Louis County, and to owners of residential dwellings of four units…
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It appears that rule-making agencies are likely to gut a provision from the Dodd-Frank financial overhaul law that requires securitizing lenders to retain at least 5% of the credit risk in all but the safest real estate secured loans. The FDIC, FRB, SEC, Federal Housing…
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