Message from the Board President regarding rentalsComments Off on Message from the Board President regarding rentals
October 9, 2020
Greetings fellow VRC Homeowners,
This letter is intended for those of you that rent out your units either yourself or through a rental agency but is also for the information of all homeowners.
We have had a number of problems attributed to short term summer renters the past two years who were drawn to VRC by extremely low nightly rates, as low as $64 per night this year, and short minimum stay requirements (3 days). This year saw the highest number of summer rentals ever, which we believe was due in part to Arizona residents being unable to travel out of state because of Covid 19. I am sure many that rent their unit saw extra income this summer but at what cost? I would imagine, based on what we were seeing in the complex this summer, that rental units have had to have taken on some issues too, possibly things broken or missing. I am sure at a minimum wear and tear was at a premium.
As a reminder, Unit Owners are responsible for their tenants and guest’s behavior, as well as for fees, fines or attorney costs that may be imposed or incurred due to their tenant’s noncompliance with the Rules & Regulations.
Thank you to Vacasa for already raising the minimum rate for summer 2021 rentals to $107 per night, and even higher over 4th of July timeframe. I am requesting that all owners that rent consider raising minimum rates, too, and take it one step further and consider changing to at least a one week, and preferably, two week minimum stay during the summer to help combat the issues that are occurring. If all owners are consistent with this, I think it will attract a much higher quality of summer renter to VRC.
At the September board meeting, a $25 per rental fee to be paid by owners was approved. This is allowed by Arizona law and will help cover some of the costs incurred due to renter’s action(s). The biggest single occurrence was the $2000 fireworks damage in 2019 to the astroturf caused by short term renters. This will be effective starting January 1, 2021 and does not include contracts signed before that date. Further correspondence will occur concerning this new fee.
We have a beautifully maintained and highly desirable community to live in and vacation in. It is hoped that by taking a few actions, HOA rental fee, higher summer rental rates and possibly longer stays, more responsible renters will stay at the complex and help maintain the quality of the community.