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HomeMy WebLinkAbout05-26-17 Public Comment - P. Callaghan - Short Term Rentals1 Clerk Temp From:Patrick Callaghan <patrickcallaghan216@gmail.com> Sent:Friday, May 26, 2017 4:03 PM To:Agenda Subject:Short Term Rental Policy Concerns Follow Up Flag:Follow up Flag Status:Completed Categories:Public Comment City Commission Members, I would like to voice my concern for the potential new limits imposed on short term rental properties. From what I have been reading in the paper, it sounds as though the main concern is short term rental properties overrunning a neighborhood, and the neighborhood loosing its community feel. I feel as though this is far fetched. I don't believe there will be enough short term rentals to destroy a community's integrity. From strictly an investment standpoint, the return of a short term rental is not of enough significance to prefer it over a long term rental. After dealing with all the added expense of a short term rental, you don't net enough extra to make it worth your time. I don't foresee people getting rich with the use of short term rentals, and thus more of them overrunning a community. The way in which short term rentals do work for a property owner is he/she lives there part time. The ability to rent out a property while traveling can help offset the costs of travel. To limit this would be stifling the individual's pursuit of economic security. I would prefer to see neighborhood HOA's deal with this concern, rather than it be imposed by the city. Kind Regards, -- PATRICK CALLAGHAN Berkshire Hathaway HomeServices Montana Properties cell: (406) 595-1304 PatrickBozemanRealtor.com 2001 Stadium Drive Bozeman, Montana 59715 office: (406) 586-7676 bhhsmt.com A member of the franchise system of BHH Affiliates, LLC. Equal Housing Opportunity. All information contained herein deemed reliable, but not guaranteed.