Where? If you are talking Havasu, nightly rates will drop when visitors stop coming. That hasn’t happened yet.
It depends...are you looking at this as a short term investment or long term? As long as the numbers pen out, the investment is solid. Most of the snow birds have solid retirements and have money to travel even in down times. As snow birding is less expensive to stay in a long term rental, it would be logical that the rental market would not take much of a hit. A lot of people will not have what it takes for a down payment or income to purchase a home in the next few years so the rental market will still be in high demand. That's my $.02.
OK Ashley I am ready with the two of you…..You just let me know when to jump and how high. 
It might be months.. it might be years!
with how old I am I just might not make it. Can I leave you the $$$ and you do it for me?
I was promised 18 months!
In 2015.
1.00 rate hike coming soon!
I'd be fine with that. Let's get straight to the point and get back on track. People much smarter than I am suggest that the rate needs to be higher than inflation, in theory.
Get me your bank routing #, SS#, D.O.B. And I will get the funds right over to you. :looking:
Dont forget the address!
Prime or Mortgage? I know, it's the same to some people
I like a good party as much as anyone else. However, I don't see holding someone accountable as an issue for out of control situations.....like firing fireworks at & in my neighbors boat.
They all want their cut…
Talk to the neighbors around it, be up front, set some ground rules for what is and what is not acceptable. First dick head that tried that next door bit off more than he could chew, renting to every tom dick and harry to try to cover his nut (these homes are over a million). Beer bottles over the wall into our pool, break ins of neighboring homes by his trashy tenants (including mine), mariachi music all night on the 4th of July, trash bags dumped over our wall, domestic violence calls, local kid parties of 50+ people, a brawl in the driveway etc. I was done, as were the other neighbors. City, LHCPD etc got involved... the owners came once ever when they bought it, never saw them again. Their property management company, and its rep were worthless...but thats another story. It turned into a war...and a war that he lost. Fuck you Jeff if you ever read this.
I agree about reading between the lines. Shit I registered to the Havasu Hearald to read each article written on this topic over the last few months, and even back when city tried flexing in like 2015-16. I wasn’t getting the clarity I needed from agents at open houses I stopped by, and common sense told me everything wasn’t an issue as some indicated. Shit I was more versed on this than a few (nobody from RDP). I guess we will see what the next 7 months has in store as we enter spring/summer.
As much as property rights are good, nightly rent and bed tax goes directly against the zoning so it has merit. In our town there is a 300' separation spacing rule for the licenses, and the guy 2 doors down with vacant a lot between us has held it for 30 years, so he is "the one" . Excessive trash, too many cars, Christmas trees and boxes in my dump trailer in the alley out back , etc etc. One Friday night about 15 years ago we were doing a Texas hold em' for adults + swim for the little kids party when a couple young kids knocked on the door......" uh , we are having a few friends over and if it gets too loud here's our cell to call directly, please don't call the cops " . No problem . So about 9:30 the techno is pumping and my cousin Julie and her friend announce they are gonna head over to check it out. They came running back and said everyone up, you gotta' see this shit. We went over , all the furniture was out in the front yard and down by the creek, black visquene stapled to all the walls, glow sticks , gel, black lights, dj, everyone in their own X fueled Nam and the house trashed. It was awesome, couldn't have happened to a better guy, and we have great quality windows and insulation so still slept like a baby. The enforcement is now gestapo status here too, so things are mellow but STR do ruin the true sense of community.
My next door neighbor at the river rented his out for about 18 months. It was booked solid March 10 to about Oct 10 at $450 to $750 a night, but it was such a pain he stopped doing it thankfully. His ramp upstream from mine with qualified captains slicing and dicing their trailers in the current ending up onto ours, along with random pit bulls coming over when the water was low got old real quick ( most of the pit bulls and other dogs were ok except for one that went straight to try and bite my wife sitting in a beach chair that almost got put to sleep with a piece of rebar
) . At the beach in Ca the end around to the rules is the 30 day rental . This is a month to month bogus lease type deal and pretty much all the rules for the STR go out the window. All of the property managers have 30 day properties listed which are the ones who can't get the str license. There's plenty of motels for sale on loop net .
subscription onlyHavasu's vacation rental market left saturated as tourism drifts back towards pre-pandemic levels
Rapid inflation of the nation's short-term rental market is leading to speculation that the bubble is about to burst.www.havasunews.com
Interesting read yesterday
