And here I thought that short-term “shared economy rentals” were hurting our neighborhoods, taxpaying hotels, and tax collections. Thank you, Doug Ducey for preempting local regulations on transient rentals.
The 85251 ZIP code in Scottsdale had the highest listing of properties on Airbnb in neighborhoods like Las Viviendas and the Waterfront.
The study also states that if Airbnb had the same tax regulations as other hospitality operators, they would have had to pay more than $5 million in taxes.
Source: Report: Bulk of Phoenix Airbnb rentals are ‘illegal hotels’ – Phoenix Business Journal