Nearly all resort communities have experienced a huge surge in vacation home rentals over the past few years. While they have always been around, the ease of advertising through VRBO, Airbnb and other platforms, and increasing property management services for these properties has resulted in an explosion of these accommodation options in many tourist destinations. The impact on local housing varies: nearly 40% of Big Sky, MT, renters were displaced over the past few years due to owners either selling their rental as prices have met or surpassed pre-recession prices or converting the long-term rental to short-term; about 20% in Estes Park, CO, and about 10% in Mammoth Lakes, CA, have experienced the same (see the Housing Needs Assessment for these areas elsewhere on my website for more info).
So South Lake Tahoe is not alone in trying to figure how to strike the right balance between allowing short-term rentals, while protecting the character, resident occupancy and quiet enjoyment of neighborhoods that locals value. Vacation home investment buyers (those that purchase homes with the intent to rent short-term) add yet another element of challenge and competition for locals searching to rent or buy housing within their price point… Stricter Vacation Rental Rules in South Lake Tahoe