I’m passing along this important advocacy information relating to the proposed lodging tax on short term rentals. This proposal would increase taxes for STR’s renting over 90 days by around 400%! If this is an important matter to you, then please read this...
I recently spoke with some new buyers looking for a second home in Summit County and they had a flexible budget up to $1.2m. They were open to different types of properties. Usually, buyer’s budgets and their property requirements automatically define the properties...
Teaser: Yes. Yes you are. In my previous articles discussing the topic of wait times for STR licenses in Unincorporated Summit County Neighborhood Zones (NOZ), I discussed how depending on where your property is located in Summit County NOZs, you could be waiting from...
If you thought Halloween was scary, let me add one of the scariest things that is happening in our state government. Here is a quick summary: On October 31st, the Legislative Oversight Committee Concerning Tax Policy voted 4-2 to advance a bill to the upcoming...
The STR industry is under a full attack. Lawmakers, policy groups, resort town locals, etc., are blaming the STR industry for a host of housing issues that have plagued resort towns since they were, well, resort towns. In an effort to find “balance” STR’s are...
Last month I reported that the market was steady. And it still is, relative to the last 18 months or so. With 11 interest rate hikes since March 2022, along with substantial short-term rental restrictions in Summit County, our market is seeing signs of a new normal...
