City of Laconia home rentals

[Rusty]

https://www.laconiadailysun.com/news...9503ee281.html

The fourth time was the charm for people seeking city approval to operate a short-term rental in a residential neighborhood.

[joey2665]

Originally Posted by Rusty

https://www.laconiadailysun.com/news...9503ee281.html

The fourth time was the charm for people seeking city approval to operate a short-term rental in a residential neighborhood.

Not a fan of the new proposal that would allow rentals in certain areas but would "require approval on neighbors". It should be its allowed or not. You cannot leave it up to neighbors to decide if someone can or can't rent. It's like opening Pandora's box. If someone is disgruntled for unrelated issues they can just vote no

[Red apple]

Originally Posted by Rusty

https://www.laconiadailysun.com/news...9503ee281.html

The fourth time was the charm for people seeking city approval to operate a short-term rental in a residential neighborhood.

OK so how did the City see this as a "Hardship"? The others told the city basically the same thing..They were very clear in the first three hearings that needing the extra money to keep your house was not a hardship. City has issues and still waiting for someone with deep pockets to sue them on this.

[joey2665]

Originally Posted by Red apple

OK so how did the City see this as a "Hardship"? The others told the city basically the same thing..They were very clear in the first three hearings that needing the extra money to keep your house was not a hardship. City has issues and still waiting for someone with deep pockets to sue them on this.

And the end result we will all lose. I believe you are correct, someone with deep pockets will sue and the Laconia's legal fees to defend will be astronomical.

[TiltonBB]

A committee has forwarded their proposal for rules that would allow rentals anywhere in Laconia.

The proposed rules apply to a dwelling offered for rent for up to 184 consecutive nights. Owners would be required to apply to the city to operate a short-term rental and pay a fee, still to be determined, that would cover the costs of reviewing the property and notifying neighbors.

https://www.laconiadailysun.com/news...b9547f675.html

[joey2665]

Originally Posted by TiltonBB

A committee has forwarded their proposal for rules that would allow rentals anywhere in Laconia.



The proposed rules apply to a dwelling offered for rent for up to 184 consecutive nights. Owners would be required to apply to the city to operate a short-term rental and pay a fee, still to be determined, that would cover the costs of reviewing the property and notifying neighbors.



https://www.laconiadailysun.com/news...b9547f675.html

Seems to be a fair resolution. This is very similar to short term rentals is Florida. The landlord is charged a short term rental tax that is passed along to the tenant.


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[Redbarn]

Originally Posted by joey2665

Seems to be a fair resolution. This is very similar to short term rentals is Florida. The landlord is charged a short term rental tax that is passed along to the tenant.


Sent from my iPhone using Winnipesaukee Forum mobile app

NH already has the Meals and Rentals Tax of 9%. So this would be more similar to Key West where you pay the state tax and the local tax.

The huge difference is a renter just needs to go to another town the lake to avoid the Laconia Tax. Remember this is a town that already has property taxes out of control so owners are already passing on what the market will bare of those property Taxes.


Just so we all understand what a renter pays now in fees (I can tell you first hand the market is having a hard time bearing it).

A HomeAway/VRBO fee to the home owner, is $500 per year, plus fees on every rental that vary.

The renter pays, up to $499 in home away fees plus 9% NH rentals tax, plus most places have a cleaning fee, possible other fees.

The total fees being charged to an owner and renter on a property that is ~$4500+ rental (pretty typical for a week on the lake) is an extra $1000 being shared between the owner and renter.

The result is many homeowners have has to reduce pricing slightly. Now, let us add another local tax, why would anyone rent in Laconia when they can go one town over and avoid that fee.

The result will be a potential property buyer will weight this in their decision-making process even if they don't plan to rent but like the option. They will either pay less for the property in Laconia or just elsewhere.

This applies to the entire city.

Sorry for my terrible grammer.