#short term rentals
(Updated January 2016)
According to the 2015 NAR Investment and Vacation Home Buyers Survey. most respondents purchased a vacation property for personal use, but, of investment buyers, 50% purchased with the intent of renting to others. Renting out a vacation home can offset the costs of this investment until retirement. But what happens when a community acts to restrict short-term rentals? Read on. and you ll find out. (S. Hogan, Manager, Library Archives)
E – EBSCO articles available for NAR members only. Password can be found on the EBSCO Access Information page.
The Short-Term Rental Debate
- Increased noise and traffic.
- Reduced housing stock available to those who live and work in a community.
- Unfair competition with licensed establishments.
Impact of restrictions:
- Diminishes value of investment property.
- Reduces the pool of buyers able to purchase in high-demand vacation areas.
- Infringes upon property rights.
Benefits of short-term rentals:
- Promotes tourism.
- Generates revenue for community.
- Defrays costs of a vacation/second home.
Short-Term Rental Conundrum
The Basics of Legal Short-Term Rentals. (Curbed Chicago. Apr. 5, 2013).
Win, Lose, Compromise
Articles, Surveys More From NAR
Websites Other Resources
Learn about the Short-Term Rental Industry
Short Term Rental Advocacy Center The Short Term Rental Advocacy Center (STRAC) was created by Airbnb, HomeAway, TripAdvisor, and FlipKey to engage with policymakers on behalf of community members. STRAC has several local chapters across the U.S. and educates communities on short term rental best practices and ways to get involved.
Protect Vacation Rentals A collection of articles posted by professionals against the legislation banning short-term rentals in New York City (Source: Protect Vacation Rentals).See this site for articles, legislation, and more with a New York focus.
Community from HomeAway HomeAway (www.homeaway.com ) connects travelers with short-term rental properties, and Community from HomeAway is a member-driven site with topic forums, resources, groups, and blogs for both travelers and property managers.
Locate Short-Term Rental Listings
Rentmix.com aggregates vacation and short-term rental listings from several sources (AirBnB, HomeAway, and FlipKey) and shows listings on a full-screen map. For a bit more information on Rentmix.com, see this AGBeat article .
* Please check with local government in your rental property area for information on permits, taxation, and regulations.
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