Are Vacation Rental owners Rich? - The Ludington Torch2024-03-29T07:55:26Zhttp://ludingtoncitizen.ning.com/forum/topics/are-vacation-rental-owners-rich?feed=yes&xn_auth=noSec 6-222 states the current…tag:ludingtoncitizen.ning.com,2019-11-20:4689834:Comment:6603622019-11-20T16:55:15.644ZInquiring Mindhttp://ludingtoncitizen.ning.com/profile/InquiringMind
<p>Sec 6-222 states the current Penalty Fines are $250 first offence $500 second offense for all Municipal Infractions. This includes not mowing your lawn. The ordinance is the new proposed ordinance for STRs. It should be on the ludington government page but I couldn't locate it now, perhaps XLFD can locate it. The quote I made was from the Oct. 30 building and licensing meeting.</p>
<p>Sec 6-222 states the current Penalty Fines are $250 first offence $500 second offense for all Municipal Infractions. This includes not mowing your lawn. The ordinance is the new proposed ordinance for STRs. It should be on the ludington government page but I couldn't locate it now, perhaps XLFD can locate it. The quote I made was from the Oct. 30 building and licensing meeting.</p> Inquiring Mind
Do you have a…tag:ludingtoncitizen.ning.com,2019-11-20:4689834:Comment:6602422019-11-20T14:20:06.046ZWillyhttp://ludingtoncitizen.ning.com/profile/willy
<p>Inquiring Mind</p>
<p>Do you have a link to the specific ordinance that covers this topic. Is the fine specific to rental property or to all civil infractions in general?</p>
<p>Inquiring Mind</p>
<p>Do you have a link to the specific ordinance that covers this topic. Is the fine specific to rental property or to all civil infractions in general?</p> Thanks for fleshing out the n…tag:ludingtoncitizen.ning.com,2019-11-19:4689834:Comment:6574272019-11-19T05:21:51.476ZXLFDhttp://ludingtoncitizen.ning.com/profile/TheLudingtonCitizen
<p>Thanks for fleshing out the numbers and giving our readers a better understanding of the inherent problem of having the City skim an extra $1000 per unit off these vacation rentals. I would add the analysis that if there are 50 more STR units in the City and tourism remains stable, not only will the existing STRs be less likely to fill during the lean periods of summer, but the expected return on the new ones will likely be less than the city's static model would indicate. The added…</p>
<p>Thanks for fleshing out the numbers and giving our readers a better understanding of the inherent problem of having the City skim an extra $1000 per unit off these vacation rentals. I would add the analysis that if there are 50 more STR units in the City and tourism remains stable, not only will the existing STRs be less likely to fill during the lean periods of summer, but the expected return on the new ones will likely be less than the city's static model would indicate. The added competition would also reduce STR rates naturally. </p> You ask some very good questi…tag:ludingtoncitizen.ning.com,2019-11-19:4689834:Comment:6568002019-11-19T02:01:38.016ZFreedom Seekerhttp://ludingtoncitizen.ning.com/profile/FreedomSeeker
You ask some very good questions, Inquiring, and point out examples that seem valid for not really being profitable to the average STR startup. When I read the suggested fees, my thought was "over control" in government. It seems that behind the government action in this process is to make it hard for the little guy to break into STR perhaps to offset any loss to the existing motel owners.
You ask some very good questions, Inquiring, and point out examples that seem valid for not really being profitable to the average STR startup. When I read the suggested fees, my thought was "over control" in government. It seems that behind the government action in this process is to make it hard for the little guy to break into STR perhaps to offset any loss to the existing motel owners.