Yes! Just ask any realtor that works in the area around Disneyland and they will tell you that the market is very competitive, with homes selling within hours, often for above the asking price. This competition benefits all of the residents in the area, including STR neighbors, with sales comps being the driving force behind listing values and appraisal values used for sales, refinances and retirement planning.
The best evidence of this fact is illustrated clearly in the case of Pepperwood HOA compared to Kaleidoscope HOA; communities located literally right next door to each other where Pepperwood prohibits STRs while Kaleidoscope allows them. Spend a few minutes reviewing the home values, specifically price per square foot, in those two HOAs and you'll see the amazing benefit STRs bring to values!
The issue of short-term rentals has become a hot topic in Anaheim and surrounding cities. Wild allegations abound and are carried forth by various news agencies. When forming your position on the issue, take the time to consider the source, gather information from both sides, and cut through to the truth. You'll find the ARA's response below to some of the most common questions about short-term rentals.
Absolutely 100% yes! The STR owners and operators of Anaheim include many local residents and managers, both in Anaheim and from surrounding communities. Most STR owners manage their own properties and have invested significant time, savings, and good-old fashion blood, sweat, and tears into their properties. This alone creates a huge amount of care and concern for the community and their property within each owner. The same reasons that make Anaheim a nice place to live also make it an enjoyable place to rent.
No. Short-term rentals have no negative effects on local jobs. Some claim that STRs are taking guests away from hotels and therefore hospitality jobs are affected. However, they fail to mention that hotel occupancies in the resort area have been at record highs, despite the growth in STRs. The fact is that many STR tenants would not travel to Anaheim if they could not stay in a short-term rental, as hotel accommodations are not ideal, cost effective, or provide necessary amenities like a full kitchen for many of them. It is also important to note that nearly all short-term rental owners utilize local companies and residents to clean and maintain their homes weekly, actually resulting in a net benefit to local jobs.
No. By nature of the family-oriented tourism draw to Anaheim, the types of tenants that stay in Anaheim's short-terms rentals are far less problematic than those that might rent in other areas, such as by the beach, near a college, etc. As a result, Anaheim STR's see a much lower occurrence of issues such as partying, simply because the majority of our tenants are families with young children and grandparents visiting Disney.
No. Short term rentals are a real estate transaction between a landlord and a tenant similar to a long term rental; the primary difference being duration of stay (ex: 5 days vs 30 days or more). The "use" of the home is strictly for residential purposes (whether the home houses long term or short term tenants). Business is not being conducted on the property just as a landlord or property manager of a long term rental do NOT "work" out of the home in which their tenants live.
Yes! Short-term rentals are already regulated by the City through a comprehensive short-term rental ordinance. Enforcement is available if neighboring STRs are not in compliance and the City has appropriated additional funds to bolster enforcement. Details about the regulations included in this ordinance can be seen at http://www.anaheim.net/574/Short-Term-Rental-Program.