Arizona's new short term rental laws which took effect in January of this year have made a big impact on Sedona Real Estate.
According to a report from the Arizona Daily Sun, the state’s new laws stipulate that cities, towns, and counties cannot put any restrictions on short-term rentals “simply because the property is not classified as a hotel.”
Here’s more from the Arizona Daily Sun article:
In signing the measure earlier this year, Gov. Doug Ducey said the legislation provides "financial breathing room'' for families by allowing them to earn something extra.
The law, however, covers more than those renting out a bedroom — or even their whole home.
There is no limit to the number...