The Board of Supervisors recently passed an Ordinance on Vacation Rentals. The Ordinance can be found on the County Website under Community Development. The new laws go into effect November 19, 2015. If you plan on renting out your property in a residential neighborhood, contact the County’s Community Development department to find out more about the new laws. Keep in mind that the Vacation Rental Ordinance does not change private easements or CC&Rs. These rules apply to the property owners.
Impact of senate bill 1350 on Coconino County Vacation Rental Owners Association
In the face of rising costs and lack of available inventory, the Coconino County Vacation Rental Owners’ Association has argued that the new California law is necessary to promote short-term rentals. It also lays out a framework for other states to follow. But a majority of owners have concerns about short-term renters’ behavior and have asked for more regulation.
Although the new state law prohibits counties from restricting vacation rentals, it still allows municipalities to regulate them and impose certain performance standards on short-term rental properties. The bill also requires short-term rental properties to have a short-term rental permit. However, the county has not released an official statement on the impact of SB 1350 on the Coconino County Vacation Rental Owners Association.
Impact of short-term rentals on hotels and motels
This study was conducted to determine the impact of short-term rentals (STRs) on hotels and motels in California. Participants were asked to provide their names, city, role at their city, and email address. All information provided will remain anonymous. They also indicated whether or not they agreed with the statements in the report. Some respondents were in agreement while others were opposed. The results of this study have been summarized in the attached report.
The growing popularity of short-term rentals is beginning to pose a serious threat to the hotel industry. While the growth in short-term rentals is slowing in the U.S., it may be too late for traditional hoteliers to consider reducing their prices. The AHLA is currently tracking these rentals. While short-term rentals are not considered to be equivalent businesses, they are still a threat to the hotel industry. According to the study, the impact of short-term rentals on hotels is greatest in low-end markets.
Impact of home rentals on tourism
While the county’s primary economic activity is tourism, most other industries are unrelated to the industry. Tourism in Coconino County is concentrated in the lodging, food and entertainment, and federal government sectors. Those four industries account for more than 80% of the total cluster employment. While there are a variety of non-cluster industries in Coconino County, these industries do not have the same concentration as clusters in other cities. The biomedical industry, for example, is not considered a cluster in the county, because it is only comprised of one large company.
In addition to the increased competition for hotel rooms, home rentals also pose a number of challenges. The county faces limited space at peak tourist seasons. Tourists will increasingly rent entire houses when they are in town, creating loud parties in residential neighborhoods. In one example, a rental in Paradise Valley drew 300 partygoers. The local police shut down the party and fined the owner.