Pricier vacation permits

twobits
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Re: Pricier vacation permits

Post by twobits »

This seems to be a "no kidding eh?"
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soupy
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Re: Pricier vacation permits

Post by soupy »

Sparki55 wrote: Oct 10th, 2021, 10:58 am Yep, such great news... Now I'll give more to the government just to run a tiny 1 bed, couple only, suite in my basement that can generate $6,000 a year max. This new reg wipes out any profits.

... If only it was profitable to rent long term... Oh wait, that's regulated to the max too.

Where can people move to operate freely? The regulations are just hampering good life.

I like traveling to Mexico and seeing all the open free family enterprise happening all over.
Jesh. With today's rental rates that 1 bd couple only suite in your basement would probably get you $15,000 a year with a long term renter. (I do know rules need to change.)

But if you want to operate freely with your rentals maybe buy a hotel? Houses should not be hotels IMO.
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fluffy
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Re: Pricier vacation permits

Post by fluffy »

The whole B&B/vacation rental thing has ramped up so much in some areas that actual "ghost hotels" are a thing, houses in areas run like short term rooming houses. There are also towns that have banned vacation-rental-only houses, refusing to license short term rentals unless the owner is in full time residence.
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Sparki55
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Re: Pricier vacation permits

Post by Sparki55 »

soupy wrote: Oct 13th, 2021, 8:07 am Jesh. With today's rental rates that 1 bd couple only suite in your basement would probably get you $15,000 a year with a long term renter. (I do know rules need to change.)

But if you want to operate freely with your rentals maybe buy a hotel? Houses should not be hotels IMO.
IMO it's not the cities business if I rent my basement out short or long term. This especially applies when it can take up to 9 months to remove a non-paying tenant.

I'm not asking to make a hotel out of my home so I'm ignoring your silly comment.

Sure I could make $15,000 with my basement but then I'd have to add a kitchen. So I'd be paying $20,000 to reno to make a revenue of $15,000 so payback in 1.5 years but also need to consider the risk of a bad tenant. No thanks.
pentona
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Re: Pricier vacation permits

Post by pentona »

Sparki55 wrote: Oct 13th, 2021, 10:21 am
IMO it's not the cities business if I rent my basement out short or long term. This especially applies when it can take up to 9 months to remove a non-paying tenant.

I'm not asking to make a hotel out of my home so I'm ignoring your silly comment.

Sure I could make $15,000 with my basement but then I'd have to add a kitchen. So I'd be paying $20,000 to reno to make a revenue of $15,000 so payback in 1.5 years but also need to consider the risk of a bad tenant. No thanks.
I would make sure you inform your insurance company before renting out any part of your house. No sense having insurance, if you won't be covered if there is an incident.
Sparki55
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Re: Pricier vacation permits

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pentona wrote: Oct 13th, 2021, 10:39 am I would make sure you inform your insurance company before renting out any part of your house. No sense having insurance, if you won't be covered if there is an incident.
Thanks for the advice! I have looked into it and the insurance company just wants more $$$ :biggrin:
pentona
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Re: Pricier vacation permits

Post by pentona »

Sparki55 wrote: Oct 13th, 2021, 11:10 am
pentona wrote: Oct 13th, 2021, 10:39 am I would make sure you inform your insurance company before renting out any part of your house. No sense having insurance, if you won't be covered if there is an incident.
Thanks for the advice! I have looked into it and the insurance company just wants more $$$ :biggrin:
You're welcome. Just wanting to make sure that folks know what insurance companies will and will not cover, if you have a major incident. I've seen it happen...someone rents out their house as a vacation rental; they don't inform the insurance company of the change in status and the house burns down. Too bad; out of luck re coverage.
soupy
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Re: Pricier vacation permits

Post by soupy »

pentona wrote: Oct 13th, 2021, 11:24 am
Sparki55 wrote: Oct 13th, 2021, 11:10 am

Thanks for the advice! I have looked into it and the insurance company just wants more $$$ :biggrin:
You're welcome. Just wanting to make sure that folks know what insurance companies will and will not cover, if you have a major incident. I've seen it happen...someone rents out their house as a vacation rental; they don't inform the insurance company of the change in status and the house burns down. Too bad; out of luck re coverage.
Let them play with fire in hopes they get burned.
Just takes someone falling down to file a claim against the homeowner.
Miss Maggie
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Re: Pricier vacation permits

Post by Miss Maggie »

fluffy wrote: Oct 13th, 2021, 9:50 am The whole B&B/vacation rental thing has ramped up so much in some areas that actual "ghost hotels" are a thing, houses in areas run like short term rooming houses. There are also towns that have banned vacation-rental-only houses, refusing to license short term rentals unless the owner is in full time residence.
I find it ironic that some towns have banned vacation rental properties and RDOS has done the opposite - created a special permit to allow vacation rental properties where they don’t fit into the zoning. A vacation rental can’t possibly benefit the neighborhood or add value to the neighborhood, but the neighbours are the ones that have to put up with loud music and drunken parties next door.

People live in a rural area (most of RDOS is rural) for the peace and quiet, vacation rentals go against that. I’ll bet none of the RDOS directors live next door to a vacation rental.
Sparki55
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Re: Pricier vacation permits

Post by Sparki55 »

soupy wrote: Oct 13th, 2021, 1:32 pm Let them play with fire in hopes they get burned.
Just takes someone falling down to file a claim against the homeowner.
Yes, and it takes the right insurance to be covered for such an event.

Why the negativity towards helping someone? Or is it that you have so much anger towards short term rentals you take pleasure from hearing about STRs that fail and cause grief to the owner?
soupy
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Re: Pricier vacation permits

Post by soupy »

Sparki55 wrote: Oct 13th, 2021, 2:18 pm
soupy wrote: Oct 13th, 2021, 1:32 pm Let them play with fire in hopes they get burned.
Just takes someone falling down to file a claim against the homeowner.
Yes, and it takes the right insurance to be covered for such an event.

Why the negativity towards helping someone? Or is it that you have so much anger towards short term rentals you take pleasure from hearing about STRs that fail and cause grief to the owner?
No anger. I just think if one is running a business from home, they are required to have a business license and adequate insurance. (Lets not sugar coat it, running a STR is a for profit business.)
If the costs associated with ensuring a business is up to standards increases, then so should the license. The City shouldn't be out of pocket for inspections and administrative work costs related to approving legit STRs.

I've used STRs before, and likely will again. I expect them all to follow the local municipal bylaws and regs. that pertain to them.

Are you declaring your STR income on your taxes?
Sparki55
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Re: Pricier vacation permits

Post by Sparki55 »

soupy wrote: Oct 13th, 2021, 3:02 pm If the costs associated with ensuring a business is up to standards increases, then so should the license. The City shouldn't be out of pocket for inspections and administrative work costs related to approving legit STRs.
For $2,500 I would expect the inspection and administrative work to take ~30 hrs. It's less than 5 hours to complete an inspection and the remaining 25 hours are not required to do the paperwork. That's assuming an $85/hr charge when it's likely closer to $65/hr to cover the costs, the city shouldn't make a profit.
Miss Maggie
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Re: Pricier vacation permits

Post by Miss Maggie »

Sparki55 wrote: Oct 13th, 2021, 3:55 pm
soupy wrote: Oct 13th, 2021, 3:02 pm If the costs associated with ensuring a business is up to standards increases, then so should the license. The City shouldn't be out of pocket for inspections and administrative work costs related to approving legit STRs.
For $2,500 I would expect the inspection and administrative work to take ~30 hrs. It's less than 5 hours to complete an inspection and the remaining 25 hours are not required to do the paperwork. That's assuming an $85/hr charge when it's likely closer to $65/hr to cover the costs, the city shouldn't make a profit.
Its not the city, its RDOS. And Bed and Breakfast operations aren’t affected by this. Vacation rentals (where the entire house/property is rented) is what this is about.
twobits
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Re: Pricier vacation permits

Post by twobits »

Sparki55 wrote: Oct 13th, 2021, 3:55 pm


For $2,500 I would expect the inspection and administrative work to take ~30 hrs. It's less than 5 hours to complete an inspection and the remaining 25 hours are not required to do the paperwork. That's assuming an $85/hr charge when it's likely closer to $65/hr to cover the costs, the city shouldn't make a profit.
Welcome to your new socialist government. Be happy you are not in the US where Biden wants an IRS report on every personal bank account that exceeds $600. Pay attention though cuz if Biden actually gets a $600 buck change in ones bank account.....pinhead drama teacher will pile right on top and do the same to us.
This is not about eliminating tax evasion. it is all about intrusion on personal freedoms. A police state.
You can't even buy a 4k tv for less than 600 bucks but President Biden wants to know if you did and proove that the money came from your employer.
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cv23
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Re: Pricier vacation permits

Post by cv23 »


For $2,500 I would expect the inspection and administrative work to take ~30 hrs. It's less than 5 hours to complete an inspection and the remaining 25 hours are not required to do the paperwork. That's assuming an $85/hr charge when it's likely closer to $65/hr to cover the costs, the city shouldn't make a profit.
What about the cost of police or Bylaws to deal with the issues that have become far to common with STR's? Why should all residents pay for the issues caused by a STR operator?

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