Vacation Rental Bill Community Meeting (Ruggles)

[Eric1600]

It's a simple concept. Most people would prefer long term rentals because it is less work. But the politicians seem either oblivious or in the pockets of hotels to realize that the current protections for land lords' properties is woefully insignificant. People will just start dumping properties if they are forced to convert from vacation rentals to long term rentals. I wish these leaders would get a clue to the real problem, or at least stop pretending that short term rentals are the problem because they aren't.

[HereOnThePrimalEdge]

The real reason there are few long term rentals is because the owners of those properties are not well protected under the current laws. It's almost impossible to recover the costs of damages done by tenets

How many stories have we heard over the years on Punaweb about a property owner trying to evict a tenant or squatter who won't leave or pay rent? It doesn't make me want to go out, buy a house, and get into the landlord business.

I alternate between thinking of the planet as home — dear and familiar stone hearth and garden — and as a hard land of exile in which we are all sojourners. Today I favor the latter view. The word “sojourner”... invokes a nomadic people’s sense of vagrancy, a praying people’s knowledge of estrangement, a thinking people’s intuition of sharp loss: “For we are strangers before thee, and sojourners, as were all our fathers: our days on the earth are as a shadow, and there is none abiding.” - Annie Dillard

[PaulW]

Obviously I'm referring to the subject of this thread.

[EightFingers]

I looked into a 1031 exchange to help defer some large capital tax gains as a i was a landlord for about 25 years on the mainland. After hearing/reading the stories of what tenants are like here and how the laws are so heavily stacked against landlords, it didn’t make economic sense. I was better off taking the tax hit.

[BillyB]

Thanks Jen for the synopsis.

What ever happened with Joy S B's TAT suspension bill? I never heard any response from the Governor. Hard to rationalize refugees paying a tourist tax on emergency shelter."

[AaronM]

Don't rock the boat - Sink It!!