Fair questions all.
WARNING LONGEST thing I’ve posted
My thoughts are;
***Neg news prompting regulation—some yes, some based on owners/property managers not being actively involved with guests or available after hours or on weekends to deal with:
-loud music & disturbances after 11 pm in posh (expensive houses) oceanfront areas so full time residents inconvenienced.
-Also overflowing trash bins spilling onto neighbors’ yards
-Other renter rude behavior.
Proposed regs include 30 minute resolution to complaints rule 24/7. 3x complaints not resolved promptly owner loses rental permit
***Reopening boom—partly but the “buy it now; rent it later” boom started last summer with people from large city/hard hit Covid19 areas buying properties so if Covid lockdowns occurred again, they would not be “stuck” and as owners could come to a beach area with moderate temperatures & many outdoor activities. Also now own family vacation property and can earn “easy money” renting
Ironically with people complaining about STR in their neighborhood, the neighborhoods allowing STR command higher selling/purchase prices.
***Properties being rented.
Yes, yes, yes but based upon my limited sampling of two friends each owning oceanfront or across street from ocean whose homes sleep 10 & 16, families wanting time together are booking. Both are filled in 2021 & into 2022.
I have a small condo 1 mile from beach but close to dining, shopping, & golf. Max 2 guests. My summer is 75% booked. From Sept-Dec, I’m already 50% booked.
Bookings are well ahead of last year.
Btw my neighbors have my phone number & I’ve encouraged them to call me day or middle of the night if something occurs they don’t like so I can deal with it. I manage remotely & work hard to establish a good rapport with guests prior to their stay.