- Economics: Both guests and hosts rely on local businesses for their needs. This benefits local restaurants, shops, grocery stores, cleaning and repair services. The increased needs support the financial health of local businesses.
- Revenue: Vacation rentals can generate revenue for the community through rental income, property taxes, hotel taxes and local taxes.
- Neighborhoods: Owners maintain and improve their properties, which in turn improves the community's appearance and attractiveness.
- Accommodation Options: Vacation rentals provide a wider range of options. This can attract different types of visitors who prefer vacation rentals over traditional hotels. By accommodating different types of travelers, the community can encourage an increase overall tourism.
- Community: Property owners, and their hosts, who operate vacation rentals often become more invested in the community, as they interact with local residents and businesses. They may contribute to community events, support local initiatives, and become active participants in neighborhood associations or organizations.
- Second homes. We can’t stop people from purchasing second homes. Keeping them empty serves no one, is risky for the property, and provides a haven for vermin. Keeping them filled when the owners aren’t in helps both the owners, guests and the community.
- Property Rights. Property owners should be able to rent out their property as they see fit, as long as the usage does not negatively affect the neighbors. Some examples include owners' temporary work requirements, or the property is being passed on to children who aren’t ready to move into it yet.
Vacation rentals may affect housing availability, affordability, and neighborhood dynamics. Striking a balance between the benefits and challenges is crucial for maximizing the advantages of vacation rentals in a community.