patrick.net

Reality says

thereby making the court and the judge liable to consequences

You've made the most sensible post so far but that part almost made me choke laughing!

https://coloradosun.com/2023/11/01/short-term-rental-legislation-raises-property-taxes/

Colorado lawmakers got an earful Tuesday from short-term rental owners on a proposal to classify many of their homes as commercial properties and impose a much higher tax rate.

zzyzzx says

Colorado lawmakers got an earful Tuesday from short-term rental owners on a proposal to classify many of their homes as commercial properties and impose a much higher tax rate.

They are commercial properties since they are being rented out.

HeadSet says

zzyzzx says

Colorado lawmakers got an earful Tuesday from short-term rental owners on a proposal to classify many of their homes as commercial properties and impose a much higher tax rate.

They are commercial properties since they are being rented out.

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zzyzzx says

https://coloradosun.com/2023/11/01/short-term-rental-legislation-raises-property-taxes/

Colorado lawmakers got an earful Tuesday from short-term rental owners on a proposal to classify many of their homes as commercial properties and impose a much higher tax rate.

In Florida they make money by a 6% sales tax plus a local 1% county tax and a 6% bed tax for total of 13% tax, in addition to the property tax which does not have homestead exemption benefits. So Florida makes a lot of money on short term rentals.

Plus there are about 15,000 condos on Panama City Beach that pay the school tax as part of property tax. They are short term rentals so they add to the school tax base without sending kids to the public schools.

How much is this the lobby efforts of hotels to try to make short term vacation rentals have to raise their rates even more and make them less competitive compared to hotels (when factoring in the benefits of vacation rentals like kitchens, more space and privacy, etc) ?

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zzyzzx says

Colorado lawmakers got an earful Tuesday from short-term rental owners on a proposal to classify many of their homes as commercial properties and impose a much higher tax rate.

Yes!

Why should Short-term rentals not pay the same taxes and be treated as hotel rooms?

Furthermore, all nuisance fines (Garbage, Noise) must be paid directly by the owner within 30 days.

And frankly, property taxes on SFH Short Term Rentals should be at commercial rates.

ad says

HeadSet says

zzyzzx says

Colorado lawmakers got an earful Tuesday from short-term rental owners on a proposal to classify many of their homes as commercial properties and impose a much higher tax rate.

They are commercial properties since they are being rented out.

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Are hotels commercial real estate? Short term rentals are in the hotel/inn business, not renting living space residences

HeadSet says

ad says

HeadSet says

zzyzzx says

Colorado lawmakers got an earful Tuesday from short-term rental owners on a proposal to classify many of their homes as commercial properties and impose a much higher tax rate.

They are commercial properties since they are being rented out.

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Are hotels commercial real estate? Short term rentals are in the hotel/inn business, not renting living space residences

Yes. And since we're throwing links at each other, here's one saying exactly that in "type #5": https://fnrpusa.com/blog/types-of-commercial-real-estate/

zzyzzx says

She's a moron. My place has Pacific waves hitting a seawall maybe 20ft from my patio. So I have insurance to fix the place if a wave ever goes through it AND to replace the lost income.

https://www.businessinsider.com/airbnb-ban-makes-rents-housing-prices-drop-irvine-california-study-2023-11

The best evidence yet that banning Airbnbs will make rent go down

https://www.cnn.com/2023/11/07/business/airbnb-italy-tax-seizure-800-million/index.html

Italian tax authorities are poised to seize some €779 million ($836 million) from Airbnb as a result of its alleged failure to pay taxes owed by landlords using the platform.

https://people.com/airbnb-tenant-from-hell-escorted-from-property-by-police-8391513

Airbnb 'Tenant from Hell' Who Allegedly Lived Rent-Free for 575 Days Leaves Property

(((Elizabeth Hirschhorn))), who was referred to as a "tenant from hell," apparently departed the Los Angeles guesthouse she had been staying at for 575 days, reportedly "rent-free," on Friday.

zzyzzx says

https://www.businessinsider.com/airbnb-ban-makes-rents-housing-prices-drop-irvine-california-study-2023-11

The best evidence yet that banning Airbnbs will make rent go down

I agree as many vacation or short term rentals will either be rented long term (at least 6 month leases) or sold.

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https://www.reddit.com/r/RealEstate/comments/17u441n/ive_noticed_a_lot_of_airbnbs_are_hitting_the/

I've noticed a lot of Airbnbs are hitting the market, why?

https://finance.yahoo.com/news/airbnb-agrees-pay-621-million-115658368.html

Airbnb agrees to pay $621 million to settle a tax dispute in Italy

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AirBnB now around $147... about $6 above its IPO price back in December 2020...



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https://www.dailymail.co.uk/news/article-12870771/Hawaii-governor-Maui-vacation-rentals-converted-homes.html

zzyzzx says

(((Elizabeth Hirschhorn))), who was referred to as a "tenant from hell," apparently departed the Los Angeles guesthouse she had been staying at for 575 days, reportedly "rent-free," on Friday.

Those crazy eyes

https://www.businessinsider.com/airbnb-ban-makes-rents-housing-prices-drop-irvine-california-study-2023-11

The best evidence yet that banning Airbnbs will make rent go down

After Irvine's ban went into effect, long-term rents in the city dropped by 3%, according to the study, a decrease of $114 a month on average.

just_passing_through says

https://www.dailymail.co.uk/news/article-12870771/Hawaii-governor-Maui-vacation-rentals-converted-homes.html

Ah, the sweet smell of Socialism.

https://www.fox5vegas.com/2024/01/23/180000-fine-illegal-short-term-rental-las-vegas/

$180,000 fine for illegal short-term rental in Las Vegas

zzyzzx says

https://www.fox5vegas.com/2024/01/23/180000-fine-illegal-short-term-rental-las-vegas/

$180,000 fine for illegal short-term rental in Las Vegas

The hotel and resort lobby wants government to target vacation rentals. Look at New York City targeting AirBnB.

Panama City Beach government is recently putting more regulations on vacation rentals due to lobbying by St Joe (ticker: JOE).

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AD says

The hotel and resort lobby wants government to target vacation rentals.

zzyzzx says

Yup. Hotels do some of that, too, but not to such extent

mell says

Yup. Hotels do some of that, too, but not to such extent

I don't use airBNB but VRBO instead and everything is up-front and reasonable. That is if you accept paying >17% in taxes to the state and maui county. I push that down to guests and actually have to pay taxes on the taxes I collect.

Things are really slowing down in Maui. More so than during covid and by that I mean when I was allowed to operate it was no problem getting people in there at a high dollar.

I haven't seen it like this in the 7 years I've been doing it. Perfectly fine up until the end of next month, it's turning into a ghost town and not just my unit. The cleaning company told me almost nobody has reservations.

I wonder if it's the threats of a moratorium by governor murder.

Also yes the hotel lobby are snakes there too. The governor wants to get rid of vacation rentals and rental cars and force tourists to take buses to much more expensive hotels and stay on hotel grounds only. Where STRs make up >40% of the income the state gets in Maui. (not to mention tourist $ spent by people who rent cars all over the island and handy-men etc., doing repairs for us etc.,.)

They won't come close to getting enough people into the hotels there to make up the difference. STRs on the water are a waaay better deal. Also being able to rent a car to see things all over the island is a nice perk too.