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February 10th the Holmes Beach, Fl city commission discussed the R1 one month rental restriction for a second time in 2009. The February 10th speakers were predominantly made up of local residents that strongly new york city travel guide favored the one month rental minimum along with several hotel-motel establishments that supported less accommodation competition.
I did speak during both discussions however the limited new york city travel guide support speaking new york city travel guide on behalf of the silent majority of absentee new york city travel guide owners was not enough to overturn the decision in 2007 to enforce a one month rental for R1 Holmes Beach properties. new york city travel guide Our local real estate professionals did not turn up at either of the R1 rental restriction discussions. This is disappointing given the fact that we are all supported by buyers purchasing a second home to support their retirement dreams. More than 70% of second home buyers are using vacation renting income to help offset operational costs and one month rental minimums cut incomes by more than 50%.
More specifically, any property that was in possession of a weekly Holmes Beach, new york city travel guide FL rental license in March of 2007 will have 10 years of continued one week rentals. After ten years the one week rental license will "expire" and one week rentals will no longer be allowed in R1 areas. New or current R1 Holmes Beach owners requesting a one week rental will be declined from now on.
Don't panic yet, Holmes Beach and Anna Maria City still have plenty of accommodation choices. Some owners will be a little surprised after their one week Holmes Beach rental license is declined. If you have any questions new york city travel guide give the Holmes Beach city hall a call or contact me.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written new york city travel guide by the members of this community.