Unintended Consequences. Short Term Rental Legislation.

What’s the deal? Arizona passed a statewide preemption bill to regulate short term rentals. The goal was to put Arizona at the front of the sharing economy.

Why is this important? What happened was that instead of homeowners renting out their vacant homes, Arizona experienced an increase in companies buying homes and creating boutique “hotels” in neighborhoods.

How will this be important? Arizona is now seeing a push to repeal preemption just as other states are looking to preempt local short term rental rules.

Jewish News | Phoenix-area property owners grapple with politics of short-term rentals