Over the past decade online marketplaces like Airbnb have become the go-to sites for lodging around the world; giving hotels and hostels a run for their money.
Airbnb is a peer-to-peer online marketplace and homestay network enabling people to list or rent short-term lodging in residential properties, with the cost of such accommodation set by the property owner.
Thanks to a new law that took effect on January 1st, Airbnb and other short-term rental websites could soon become more popular in the state of Arizona. According to a report from the Arizona Daily Sun, the state’s new laws stipulate that cities, towns, and counties cannot put any restrictions on short-term rentals “simply because the property is not classified as a hotel.”
In signing the measure earlier this year, Gov. Doug Ducey said the legislation provides “financial breathing room” for families by allowing them to earn something extra.
There are of course supporters and opponents to the new law. For those who wish to capitalize on the law with a rental property it is good news. People can rent out as many properties as they like on Airbnb for as many days as they want per calendar year.
Airbnb spokeswoman Laura Rillos said her firm has about 7,900 “hosts” in Arizona with a typical listing by a host being booked 44 nights a year. Rillos said a typical host earns about $4,900 a year.
Opponents say, the home-rental site allows landlords to take units off the market and capitalize on short-term leasing. And some neighbors have concerns of their neighborhood changing dynamics. “I didn’t move into a neighborhood to have the house next door to me turned into a weekly rental property,” said Sen. John Kavanagh, R-Fountain Hills, in voting against the measure.
Like it or not, you may start to see an Airbnb in your neighborhood soon.