The Arizona Senate has recently introduced three State bills set to take aim at all home sharing and short term rentals in Scottsdale, AZ. These proposed changes would effect Airbnb, HomeAway, VRBO, etc.
Here’s what Arizonas Legislation is currently working to pass through:
SB 1554: Is set to limit non-owner occupied rentals to just one booking every 30 days regardless of being in an HOA or not. For those readers new to short term rentals, that’s a huge change since all houses NOT in an HOA currently have zero restrictions on minimum nightly stays. A vast majority of condominiums and houses within HOA’s already have these 30 day minimum nightly stay rules in place. SB1554 would be a large hit to investors and owners of housing not situated in an HOA.
SB 1490: Will re-classify short term rental properties from residential class to commercial class which will heavily increase taxes and utility costs on non owner occupied rentals. Since 2017 Airbnb hosts have already paid more than $53 Million dollars in tax revenue on Airbnb alone. Keep in mind, legislators and most travelers hadn’t even grasped the thought of home sharing 10 years ago making the $53 million in tax distribution even more impressive as a boost to the economy.
SCR 1042: Would be a statewide referendum asking Arizona voters to repeal short term rental protections passed in 2016 and impose elevated regulations on hosts.
Andy Gregg Properties has a large involvement in the short term rental space around Scottsdale. WIth our experience, almost all guest interactions have been positive and beneficial to the hosts, the community, and the local economy.
Feel free to contact us for any additional questions regarding the ever changing Scottsdale market and short term rentals.