Yes, there are more short-term rentals – and yes, there’s more churn about them too. Most recently again from Summit County, where the county council considered taking action to
considers whether to approve a 6-month moratorium on nightly rental licenses in response to growing concerns across the community.
Under the draft ordinance, no nightly rental licenses would be given during the six months to give the county time to examine the issue. …
Those who already have a nightly rental license would be unaffected, but properties without one would be prevented from applying until next year if a moratorium is adopted. Staffers said this would allow them to sort through the number of legal short-term rentals while teasing out units that don’t meet the necessary standards.
The issue appears to be about the impact on available housing as much as about the typical neighborhood disruptions from non-permanent renters. According to county staff,
…there are 8,000 nightly rentals countywide, which is about 22% of housing in Summit County. He said the growing number of short-term rentals has led to a long-term housing deficit as property owners accommodate visitors rather than the workforce.
“That represents a significant number of units that have been taken off the long-term housing market,” Armstrong said.
Read more about the discussion here https://www.parkrecord.com/news/summit-county/summit-county-council-to-hold-public-hearing-for-moratorium-on-nightly-rentals/
Subsequently, the real estate community has reacted, asking the county council to not overreact.
The Board of Realtors submitted a letter to the County Council on May 24, one day before elected officials seemed poised to vote on the ordinance. Instead, the discussion was tabled, in part because of the Board of Realtors’ opposition, until a public hearing could be held this week.
Park City Board of Realtors President Rene Wood said in an interview the organization hopes to present its own findings that show short-term rentals have not been a problem to the Council as well as other ways resort communities have worked with homeowners who want to use their personal property as vacation rentals to mitigate the impacts on residential neighborhoods. She anticipates a large turnout of people from the real estate industry at Wednesday’s meeting.
“We urge them, even more, to not act abruptly as the voices get loud. Let their resolve be fueled by reason and data,” the press release said. “The concern for public safety seems to be on all of our priority lists and we believe that stopping permitting will just push more homeowners to rent their properties without regulation or permits and in turn make our community less safe.”
Read more about the delayed action here https://www.parkrecord.com/news/summit-county/park-city-board-of-realtors-voices-opposition-to-moratorium-on-nightly-rentals/
The challenges surrounding this issue continue to grow!
