rental restriction: Anna Maria Island closes out discussion on R1 one month rental minimums - 02/19/09 09:18 PM
February 10th the Holmes Beach, Fl city commission discussed the R1 one month rental restriction for a second time in 2009. The February 10th speakers were predominantly made up of local residents that strongly favored the one month rental minimum along with several hotel-motel establishments that supported less accommodation competition.
I did speak during both discussions however the limited support speaking on behalf of the silent majority of absentee owners was not enough to overturn the decision in 2007 to enforce a one month rental for R1 Holmes Beach properties. Our local real estate professionals did not turn up at either of the … (0 comments)
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rental restriction: Lions, Tigers, and Rental Restrictions ...oh my #2! - 08/18/08 10:43 PM
Anna Maria Island Rental Restriction - UPDATE
As part of the comp plan a one month rental restriction was passed about one year ago for properties in R1 area in the city of Holmes Beach. Many of Island Real Estate property owners ask me how could this happen? Apparently it was discussed in one meeting with little to no communication to the public. I think it is important to mention the public is invited to all meetings so it's tough for locals as me to play the "victim" role. More on victimization later.
As the G.M. I often predict potential rental … (0 comments)
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rental restriction: Lions, Tigers, and Rental Restrictions ...oh my! - 07/16/08 09:07 PM
So...it happened. Somehow one of our cities on Anna Maria Island passed through a new month minimum rental restriction in our R1 districts. There are lots of owners that count on their $30k - $75k rental income to help pay their debt service, property taxes, and insurance. The new month minimum will cut their gross income to less than $20k per year. More importantly, what impact the rental restriction will have on our local Anna Maria Island Real Estate.
I would love to hear from those of you who have seen similar rental restrictions. In addition, do you have a success story … (3 comments)
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