June 24, 2017

Debra Ryll: Ban on short-term rentals in PG would be a disaster



Photo: Business traveler staying at an AirBnb
Image Courtesy of AirBnb

As a property manager, I understand how far reaching the revenues from short-term rentals extend. It’s estimated that for every $1 spent on a rental, $2 are spent in local businesses (and these renters stay longer than hotel guests). STRs (short-term rentals) fund a whole constellation of jobs for housecleaners, contractors, plumbers, electricians and many more.

STR visitors populate local restaurants and shops, contributing to the current vibrancy/economic health of Pacific Grove. And perhaps most significantly, the transient occupancy tax (TOT) funds a significant part of the city budget, so it is fiscally irresponsible for anyone to suggest that the program be terminated without simultaneously offering a solution for the loss of revenue.

How would the city cope with this shortfall? TOT is the county’s top revenue source behind property tax, thus helping to pave our roads and provide fire, police and medical services. Which city services would be cut to offset this huge loss? And how would the city enforce this ban — where would the staff come from, and how would they be paid?

Vacation rentals aren’t going away — they are one of the fastest-growing […]

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The News for the Gig Economy Staff is constantly searching the web for the latest news regarding freelancing and gig platforms to bring them to you in one handy place. All articles with this generic author have been sourced with the original location at the bottom of the piece. We encourage our readers to view the original source of all excerpts. NGE is a project of ARC Online, LLC.

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