If you own a home that you rent out on Marco Island you might want to read what Marco Island City Council is thinking of doing...
Limiting the single family homes to 30 day rentals. There are many homeowners who have purchased vacation homes on Marco Island and rent them out to cover the cost of carrying.
Currently there is no restriction on the length of stay on Marco Island, making single family home vacation rentals very popular.
With the Real Estate Market already soft and the number of available listings high, if this were to be implemented it could have a huge impact on the Marco Island economy which is rather dependent on the tourists that visit Marco Island.
Read more about this at the Naples Daily News.
Interested in a Marco Island Vacation home rental? Visit www.MarcoMagic.com today for a list of Marco Island's most exclusive vacation rentals.
If I can be of assistance to you, please feel free to call me at (407) 288-0017 or email me at marcovacation@paradisereport.com.
General Real Estate Articles by Colleen Kulikowski
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This information is provided by Colleen Kulikowski, Realtor. Colleen writes about the Florida lifestyle along with writing about the Buffalo & Niagara Falls Region of Western New York. Read her Buffalo Niagara Real Estate & Home Sales report. Colleen continues to maintain her two Florida blogs as well: Celebration Florida Homes & Marco Island Homes.
An avid writer and photographer Colleen Kulikowski utilizes these talents to assist her clients in achieving their Real Estate goals. She grew up in Western NY and moved to the Metro NYC area in 1984 where she was a successful consultant in the technology field. She has a diverse background including event management, corporate training and a wealth of computer knowledge focuses in the latest marketing strategies, statistical analysis and logistics for her clients. She has worked for several companies including Radio City Music Hall, Reed Reference Publishing, Nabisco Foods, Key Bank and Marsh & McClennan In 2001 Colleen made Marco Island home until 2007 when she made the Celebration Florida area home before returning to her hometown in January 2008.
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Surely the City Council won't pass any regulations that would harm the area's tourist business! But then again they have at times here in Austin.
Colleen - that's not good at all! Coming from someone who has rented single-family homes in Marco Island it would be detrimental to the economy. So much for home ownership - don't a lot of people buy there to enjoy their home once a year and rent it the rest?
I don't understand the logic...do you?
AND..the photo from Marco is one of the most beautiful I have ever seen.
Very nice scenery.
It doesn't make sense, but the fact that they are talking about it is concerning. The impact is far reaching and could be absolutely devestating. Hopefully it won't go away as fast as it came. But I felt it was important for those reading about Marco Island to be aware of the possibility... If it happened, it would make areas without such restrictions very desirable...
janeAnne -- thanks! It is my favorite picture of Marco Island that I have taken...
In both Vail and Steamboat Springs, who are heavily dependent on the tourist business, there have been areas that have either limited or stopped short term rentals. Steamboat put a moratorium on new permits being issued, and one town near Vail passed an ordinance stopping short term rentals completely. The issue seems to be that short term tenants tend to be noisy, out in the hot tub late at night with a few beers, and the nearby full time residents lose sleep and get cranky. Luckily, we in Summit County, Colorado, have not run into that yet, but we know that our time will eventually come!