Short Term Rental Questions not Unique to Sedona

Posted By Wally Reule @ Jul 17th 2017 11:18am In: Sedona Real Estate Market News

I have written several times recently about the impact of the new law making it illegal for municipalities to regulate the length of a rental in the state of Arizona. With regard to our real estate business, site built homes under $300,000 have become practically non existent in Sedona, and when one does come on the market, it is almost always snapped up with multiple offers. Another consequence is that there is a real shortage of available long term rentals. However, it appears that other towns that attract vacationers are grappling with the same issues. I recently came across an article in Outside Magazine that looks at how it affects the "locals". To read it, click on Outside Magazine Article.

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