Many people interested in making money on short-term rentals look to Arizona. The state has some of the friendliest legislation on short-term rentals. In 2016, SB1350 came into effect. It superseded all local ordinances against this kind of rental, effectively making them legal everywhere. The only case in which short-term rentals would not be allowed is if a homeowners' association had a regulation against them. The other law that makes Sedona short term rentals so attractive is House Bill 2116. The law makes website owners like AirBnB responsible for collecting state and local taxes. They then hand them over to the authorities. This makes life a lot easier for the owners of short-term rentals.
Both Sedona Home Owners and Investors Have Lots to Gain in Short Term Rentals
The winning formula for Sedona short term rentals also capitalizes on the vibrant tourist industry. Sedona offers something for just about everyone. Those who love the outdoors appreciate the many miles of hiking and biking trails. These wind through the dramatic and distinctive red rock formations. There are also great places to ride horses, go fishing, and golf. In the winter, visitors and locals hit the slopes.
Sedona also has an amazing arts and culture scene. More than 80 galleries sell art in many different styles. Tlaquepaque Arts and Shopping Village is one of the biggest places to go, and there are several others. Then there’s the symphony and lots of public art. Everyone has to eat, and Sedona offers a diverse selection of restaurants, bars, wineries, and bakeries.
For those considering buying a Sedona home to live in full time, it’s very common to find houses that have a guest casita separate from the main house. Some have a finished basement that can be rented out. Sedona rental property has a high occupancy rate, and home owners can make between $2000-$3000 a month on short term rentals.