How Will AirBnB and Home Sharing Affect Your Neighborhood?

Regulated Home Sharing Begins in Arizona

A new law aimed at regulating short term rentals in Arizona through venues like Airbnb and others went into effect on January 1, 2017.  Arizona isn’t the first state to try to get a handle on how to regulate the sharing economy. Instead of taking a heavy-handed regulatory approach, the law is allowing open competition aimed at innovating and competing.  According  to Christopher Koopman, a senior research fellow at the Mercatus Center at George Mason University, this model of regulation has the potential to allow a windfall of tax revenue to the state and cities, although it is still too early to tell what to expect exactly.

Concerns About Legal Home Sharing

Executive Director Ken Strobeck of The League of Arizona Cities and Towns and Mark Stapp, Executive Director of the Masters of Real Estate Development program at ASU, shared some of the concerns that were taken into account as the law worked its way through the Legislature last year:

1. Homeowners are concerned that the quality of their neighborhoods will be negatively affected.  Residential neighborhoods will be turned into hotels and party houses.
2. A cluster of short term rentals in one area will change the land use which will change the feel of the neighborhood.
3. There has not been a study of crime rates in a neighborhood in relation to Airbnb and such short term rentals.
4. More strangers would be in the neighborhood.
5. Mark Stapp mentioned that it could impact the affordability of rental housing.

The cities that will be most impacted by the industry are those that have the highest tourist rates and attractions.  Sedona and Scottsdale had ordinances on the local books that prohibited short term rentals.  However, looking over the short term rental industry sites showed a large amount of activity in these cities anyway.  So, the aim is to recognize reality and impose at least minimal regulation.

Compromise in Legislation

As the law went through the Legislature there had to be a compromise.  The main concern is not ruining the character of neighborhoods.  The legislation includes ordinances that have the ability to make sure that the rentals are not a nuisance including regulations on noise, parking, the number of people allowed at the site as well as having a local contact number for the site and not just a phone number in San Francisco.

As far as tax revenues go, short term rentals have never been legally permitted so it is all a learning process.  The law requires that all participants be licensed.  It also requires Airbnb to paying the taxes to the state and not the homeowners.  The tax rate is comparable to transit lodging taxes, which are higher than retail tax.  However, there may be a trade off with more calls for public service and use of public works.  There is also a concern among conventional hotels and an impact to loss of bed tax.

Regulation by Individuals

Something to be aware of is that private regulations including deed restrictions have nothing to do with the state law and can allow individuals to group together to regulate the industry in their neighborhood.

Though there will always be concerns, the overall outlook very positive. Mark Stapp stated that he hasn’t seen anything negative about it and believes it is a good thing.  He says the industry will creative attractiveness to Arizona and attractiveness to the area is always a goal.

What Are Your Thoughts?

To listen to the entire radio interview and view the source click here:  http://kjzz.org/content/415887/new-home-sharing-law-takes-effect-arizona

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3408 W Via Del Deserto -- Phoenix, AZ 85086

$639,500

4 Beds

3 Baths

3,011 SqFt

Status Active

MLS # 6763352

Property Type Single Family Residence

Price Type --

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8338 N 180th Drive Waddell, AZ 85355

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$639,500

4 Beds

3 Baths

2,594 SqFt

Status Active

MLS # 6788916

Property Type Single Family Residence

Price Type --

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18861 E Blue Sky Drive Rio Verde, AZ 85263

$639,500

2 Beds

2 Baths

1,380 SqFt

Status Active

MLS # 6702241

Property Type Single Family Residence

Price Type --

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1906 W Lariat Lane Phoenix, AZ 85085

$639,000

3 Beds

2.5 Baths

2,567 SqFt

Status Active

MLS # 6761420

Property Type Single Family Residence

Price Type --

Gorgeous home looking for a new owner! Welcoming great room with abundant natural light, wood-style tile floors, a powder room, and modern light fixtures. The open-concept kitchen includes stainless steel appliances, popular white cabinets, an island with a breakfast bar, and granite counters. Continue upstairs to find a spacious loft for entertainment and 3-sizable bedrooms! The main retreat has a bathroom with a glass enclosure shower, dual sink vanity w/makeup area, and a walk-in closet. Outside, relax under the covered patio or lovely front porch. Don't miss the 2-car rear garage. Light tree-lined streets, pedestrian-friendly sidewalks, and a recreation center with a resort-style pool, kiddie pool, gathering areas, etc. A must-see property!

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7718 W Crabapple Drive Peoria, AZ 85383

$639,000

3 Beds

2 Baths

1,982 SqFt

Status Active

MLS # 6741362

Property Type Single Family Residence

Price Type --

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$639,000

1 Bed

1 Bath

960 SqFt

Status Active

MLS # 6776096

Property Type Single Family Residence

Price Type --

Escape to this beautifully remodeled cabin in the serene pine setting of Highland Pines, where tranquility awaits. This charming one-bedroom, one-bath retreat offers an open floor plan, making the most of its cozy footprint. Inside, you'll find the tongue and groove beamed ceiling complemented by new wood flooring throughout, creating a warm and inviting atmosphere. The top-of-the-line chef's kitchen includes quartz counters, built-in shelf microwave and a professional KUCHT range with double ovens and. The great room opens to the deck through three glass folding doors, allowing natural light to pour in. The bathroom, completely renovated with a new bidet featured toilet and high-end marble subway-tile wainscotting and shower surround. The expansive deck provides amazing, sweeping views. The unobstructed views of the Prescott National Forest and Thumb Butte, offers the perfect spot for outdoor relaxation and entertaining. The home also boasts a newer roof for added peace of mind. A major bonus is the newly installed alternate septic system, which is designed to accommodate an additional two bedrooms and another bath. Whether you choose to expand with a single-level addition or explore a split-level or multi-level design, the spacious homesite offers flexible options for future growth. This property is easily accessible via paved roads and is served by a private water company, eliminating any concerns about water supply. For the right buyer, this is an incredible opportunity to own a piece of paradise with endless potential to make it your own.

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4010 S Big Horn Place Chandler, AZ 85249

$639,000

4 Beds

3 Baths

2,569 SqFt

Status Active

MLS # 6777912

Property Type Single Family Residence

Price Type --

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1903 E Ayden Court Payson, AZ 85541

$639,000

3 Beds

2 Baths

1,610 SqFt

Status Active Under Contract

MLS # 6757095

Property Type Single Family Residence

Price Type --

Nestled in the highly sought-after, newer subdivision of Chaparral Vista, in a peaceful cul de sac located off Tyler Parkway. This stunning brand-new all electric home boasts 3 spacious bedrooms and 2 luxurious bathrooms, designed with modern elegance and functionality in mind with too many upgrades to list here. To see a full list see documents. The wrap-around deck is a standout feature, providing an ideal setting for outdoor entertaining or simply relaxing while enjoying the serene surroundings. Inside, every detail has been meticulously curated with high-end upgrades that elevate the living experience. The open-concept floor plan seamlessly connects the living, dining, and kitchen areas, creating a perfect space for both everyday living and special gatherings. The kitchen is a chef's delight, featuring state-of-the-art KitchenAid appliances, sleek quartz countertops, and custom cabinetry. The master suite is a tranquil retreat, complete with a beautifully appointed en-suite bathroom featuring premium fixtures and finishes. The additional bedrooms are generously sized, offering comfort and versatility for family, guests, or a home office. With its blend of contemporary design, thoughtful upgrades, and a picturesque wrap-around deck, this home in Chaparral Vista offers an exceptional living experience. Buyer to verify property taxes with Gila County.

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17410 N Country Club Drive Sun City, AZ 85373

$639,000

2 Beds

2 Baths

2,527 SqFt

Status Active

MLS # 6776222

Property Type Single Family Residence

Price Type --

Absolutely stunning home located on Union Hills Golf Course! Private front courtyard leads to double entry doors with views of the course and best of all: a water view! Enjoy your new carefree Sun City lifestyle in this home packed with updates! Newer kitchen, windows, master bath and owned solar! Commanding views of the golf course will inspire you to relax and entertain on your custom patio with outdoor kitchen. Enjoy the chill of the evening while chatting with your guest around the custom firepit patio table. The expansive living space indoors features a unique open concept design yet caters to those that are desiring smaller more intimate spaces. Updated custom kitchen with beautiful finishing detail! Master suite will wow with immense walk in closet & doors to patio! Don't miss this List of improvements: Outdoor Kokomo Kitchen, Island and Patio cover $24,000 Complete remodel of Master Bath & Closet $26,000 Ceiling Fans throughout home $2,000 New Dining Room lighting $2,000 Added Temperature control (AC) in Garage $800 Extended Patio Pavers $4,000 Expanded concrete driveway $4,500 Kitchen Remodel, New Countertops & backsplash $8,400 New Vinyl Flooring throughout $15,000 Expanded openings & doorways $2,500 Interior painted in 2024 $3,200 Fenced in backyard (metal) $4,200 New pavers in front courtyard $8,000 _________ Total $104,600 Features: Fully owned and paid up Solar (39 Solar Panels) -Banking Credits during Fall, Winter, Spring. Avg APS bill $10.00 Golf Course lot between 12th Green & 13th Tee on Union Hills Golf Course Updated windows, Stucco, New Roof (2021) Private Patio in front and privacy on Back Patio with Golf Course Views and Plenty of mature trees. Spa on front patio negotiable Back Yard Xeriscaping - does not require water Updated front watering system

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10757 N 74th Street Unit 2012 Scottsdale, AZ 85260

$639,000

3 Beds

2 Baths

1,932 SqFt

Status Active

MLS # 6707453

Property Type Townhouse

Price Type --

Over 100k in upgrades, listed below market value!! Complete remodel. Recent comp in same complex sold July 2024 for 691k with no upgrades. 3 bedroom, 2 bath, 2 car garage in the perfect location. Newly updated with new plank and tile floors, new cabinets with soft close doors and drawers, all new light fixtures including LED can lights, new faucets, new sinks, updated showers with glass doors, new freestanding tub. This is a master bedroom split floorpan, open kitchen with dining area, great room with electric fireplace and electrical on wall for your flat screen TV. New 18 bottle wine fridge in kitchen, large island with navy cabinets with gold hardware, extra storage and waterfall countertops. Click for more. 2 car garage has upgraded metallic epoxy floors. New paint everywhere. Large bedrooms to fit king beds and furniture. Big fans in each bedroom with remote controls. Each bedroom has a walk-in closet with shelves, the master has and drawers with locks. Each bathroom has new cabinets, new light fixtures with new black framed mirrors. White wood shutters on the dual pane insulated windows along with insulated walls for dramatically sound reduction. There is a separate large laundry room with front load washer and dryer with new cabinets and more storage behind the door. There are 2 balconies, one is a large covered balcony big enough for a comfortable patio seating set and the other balcony is uncovered. Close to the 101 freeway, great restaurants, grocery stores and entertainment. Townhome is north south exposure. You'll love this! Community has a private community pool and common areas are always clean. Please come see and enjoy. open to offers Recent comps 6712827, no upgrades for $691k at $358.22 per sqft. 6761912, no upgrades for $550k at $388.97 per sqft.

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10498 E Cochise Avenue Scottsdale, AZ 85258

$639,000

2 Beds

2 Baths

1,781 SqFt

Status Active

MLS # 6735402

Property Type Townhouse

Price Type --

This 55+ neighborhood is in a fantastic location with proximity to Via Linda Senior Center, Scottsdale Ranch Park Tennis Club, 101 and shopping! This 2 bedroom 2.5 bath home has vaulted ceilings and skylights everywhere! There is so much natural light! The totally split floorplan makes it great for guests and the additional room could be converted to a third bedroom! There is a large inside laundry with room for folding and two car garage with built -in cabinets for your collectibles! The community has two beautiful pools and tennis courts for your enjoyment. This home is priced to sell and ready for all your personal touches. Come see this home today!

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2801 E Osborn Road Phoenix, AZ 85016

$639,000

3 Beds

2.5 Baths

2,110 SqFt

Status Active

MLS # 6761770

Property Type Single Family Residence

Price Type --

This cute home is located in the vibrant Arcadia Lite neighborhood of Phoenix! This property sits on a large lot with ample on-site parking behind a secure remote-controlled gate. Inside, the home feels cozy and inviting with a large living room, featuring an updated kitchen with modern finishes and convenient bar seating, perfect for casual dining or entertaining guests. The extended garage has AC & includes a built-in workbench area, ideal for car enthusiasts or hobbyists. Enjoy the convenience of being in the heart of Arcadia Lite, just minutes from popular dining, shopping, and entertainment. This property offers the perfect blend of comfort, functionality, and prime location!

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