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Survey on Short-Term Rentals <br /> those things, utilities, professional routine cleaning, occasional deep cleaning (furniture& rugs, <br /> too)software to market and manage the STIR bookings, accounting software, and plenty of <br /> general maintenance to keep things in tip top shape as most STIR guests expect. We treat it <br /> as a business and want our guests to have an amazing experience when they stay with us. <br /> THE MARKET: Over the past four years, we have definitely felt a slow down in bookings. <br /> There are more STRs than there once were. Our local economy can only support so many. <br /> Exactly that number, I'm not sure, but we DO NOT need governmental regulation to determine <br /> that. The market will work that out on it's own; it's Economics 101-supply and demand. STIR <br /> business owners will need to either reduce their prices or significantly set themselves apart in <br /> order to stay competitive. Anyone who doesn't deliver a 5-star experience will not last long in <br /> this business anyway. There are plenty of other choices for people. I predict that some STIR <br /> owners will close their doors in the next couple of years due to the squeeze of increasing <br /> expenses and decreasing revenues and/or the sheer work and logistics it takes to run a <br /> GREAT STIR and be competitive. I also own several long term rentals in Kittitas County (since <br /> 2016/2017). 1 have seen ZERO negative effects on the rise in short term rentals on the long <br /> term rental market. ZERO. If anything, my last"leasing season"was the toughest one yet. I <br /> used to have wait lists and dozens of calls on every vacant rental. The last time I nearly had <br /> to lower the rental price AND I had an extra month of vacancy. We have more housing here <br /> than 10 years ago, more CWU housing and less college kids coming to school. A few more <br /> STRs than we had pre-2020 is not going to have much, if any, effect on the availability of <br /> housing. And, again, my prediction is that some STIR hosts will simply give up in the next <br /> couple of years. It's just not a cash cow in Ellensburg for most owners. MORE ON THE <br /> RENTAL MARKET: If part of the purpose of this committee is to prevent STRs taking housing <br /> out of the housing pool and thereby increasing rents, YOU NEED TO LOOK ELSEWHERE. <br /> Rents are increasing because costs are increasing across the board. Property taxes have <br /> increased SUBSTANTIALLY in the time we have owned rentals in Kittitas County. (For <br /> example, one of our four-bedroom houses had taxes of$2203 per year in 2017 and in 2024 that <br /> same house was $3555.) Irrigation water has almost doubled. Our homeowner's insurance has <br /> doubled as well.)A small monthly profit must be retained by the landlord to cover things like <br /> new paint and carpet, new HVAC, yard maintenance, and general repairs. Even as someone <br /> who is eight years into rental homeownership, there is never money left "for us". Ever. STRs in <br /> Kittitas County are not increasing rents for long term rentals -taxes, inflation and maintenance <br /> expectations are. And if legislation is passed on the state level that caps rental increases to a <br /> certain percentage each year, you can bet that small landlords will have no choice than to take <br /> full advantage of those EVERY year or not agree to long term leases. It's not sustainable <br /> otherwise. Small landlords will sell and large corporations will take over. IN CLOSING: Please <br /> consider that general economics is, and should be, at play in most industries. Rental markets <br /> are not an exception. The"good" hosts and landlords will prevail and the"bad" hosts and <br /> landlords will be pushed out. Moreover, our small local economy in Kittitas County cannot <br /> support a huge number of STRs. The not-so-great ones will close on their own, making room <br /> for the great ones to thrive. We have larger issues at play affecting housing overall, which <br /> should be focused on separately. We have larger issues affecting our local economy as well <br /> (like the lack of high-paying jobs and industries)which should be focused on separately. Let <br /> our STIR hosts do their jobs and provide more diverse lodging options for visitors to our <br /> amazing little valley! <br /> 180 My family and I always prefer to rent through AIRB&B or VRBO vs a hotel stay for our family 2/5/2025 11:31 AM <br /> vacations because it is so much more comfortable than a hotel and also it boosts the local <br /> economy as well. <br /> 181 Short term rentals in Upper Kittitas County work in Suncadia, but not within city limits. 2/5/2025 11:17 AM <br /> 182 The owner needs to be in charge. Tell your renters the rules and have them sign an agreement. 2/5/2025 10:39 AM <br /> Cover everything from where to put the garbage to what the speed limit is on your road and <br /> who has cameras up and the consequences for not following the rules. Airbnb and VRBO can <br /> evict them on the spot <br /> 183 1 often rent properties through Airbnb and VRBO myself in other communities and find them to 2/5/2025 10:33 AM <br /> be a better choice than hotels for traveling with the family. <br /> 184 Rentals are too high whether long term or short term. 2/5/2025 10:32 AM <br /> 185 No 2/5/2025 10:24 AM <br /> 186 If there are any STIR regulations, I would appreciate grandfathering in the ones in current 2/5/2025 9:29 AM <br /> operation. I do recommend occupancy restrictions, based on bedrooms or sleep capacity or <br /> whatever and strict noise or quiet hours, enforceable by the Sherriff. <br /> 74/87 <br />