Imagine owning a multi-million dollar Paradise Valley home (which is the highest-priced town in all of Arizona) and dealing with the noise, litter, and other inconveniences of short-term rental tenants at a nearby house. Paradise Valley, AZ, has attempted to create its own rules governing short-term rentals but has been hit with fines because its rules were going against the state of Arizona's short-term rental (STR) laws.
Why would the state allow such disruptive rental practices? Arizona is truly a destination state, and the state and towns earn revenue from STRs. These owners usually have to pay a permit fee and can be fined, plus they have to pay taxes on the Paradise Valley homes and income.
I was surprised to hear about a commotion that…
84 Views, 0 Comments