Scottsdale named No 1 place for short term rentals.

By
Real Estate Agent with HomeSmart SA541769000

Dollars

According to a recent article by Lance Lambert [1] a data journalist for realtor.com®, Scottsdale Arizona is the number one place to own and operate a short term rental home like an Airbnb or VRBO.

Scottsdale of course has long been a vacation destination for winter weary travelers. Ever since the 1950s Scottsdale has been renowned for its resort corridor that was home to dozens of golf courses, spas, shopping and dining establishments. Many of the big resorts have given way to redevelopment with smaller hotels, condominiums and shopping centers. But Scottsdale still draws millions of visitors each year many of whom now look to short term private rentals instead of traditional hotels.

What is it that makes Scottsdale so popular with this new type of housing? Easy, Arizona offers some of the more liberal regulation of short term rental of any place in the country. In 2016 the legislature and governor signed into law rules that prevent cities from banning short term rentals. However, individual communities still have the right to pass CC&Rs that restrict short term rentals.

Thinking about investing in this lucrative but sometimes risky business venture? Do your homework.

  •          Determine the average short-term rental rates in your area.
  •          Compare monthly revenue to longer term rental.
  •          Learn about the expected occupancy rate.
  •          Investigate the local rules and regulations regarding using your property short term.
  •          Understand the taxes and fees collected by local regulators.

Ready to start your journey into this exciting business opportunity? I can help you find the best properties in the best locations. Simply stop by my website at https://www.Scottsdale-AZHomes.com and send me a note.

 

[1] Read Lance Lambert’s entire article here.

 

 Joe Domino is a Realtor® serving the Phoenix & Scottsdale metro area. You can find more great information by visiting his website at www.Scottsdale-AZHomes.com.

Posted by

Joseph Domino

© 2010-2018 Joseph Domino All Rights Reserved

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Sales and Marketing
Location:
Arizona Maricopa County
Groups:
Realtors®
Moving to Arizona
WeBlog Anything (almost)!
Tags:
realtor
scottsdale homes
phoenix homes
glendale homes
real estate
sun city homes

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
3,128,355
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Joseph. Being from Chicago, the news about Scottsdale does not surprise me. Arizona is a big destination for residents in our area to flee in winter. Enjoy your day!

May 04, 2019 05:04 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
186,099

Joseph Domino 480-390-6011

Real Estate Made Easy
Ask me a question
*
*
*
*
Spam prevention

Additional Information