These Cities Are Most Profitable for Airbnb Hosts. Why Are So Many Arizona Cities on the List?
According to finance experts at Wealth of Geeks, Arizona cities have been ranked among the Top 10 most profitable locations for short-term rental owners. These cities offer opportunities related to golfing, events, and colleges. Notably, seven of these cities are in the Valley of the Sun. Since a 2016 law that prevents local governments from regulating short-term rentals was passed, both the number of rentals and related issues have surged in the Valley. Complaints about disruptive "party houses" that residents say lower their quality of life have increased. Formerly quiet communities have experienced significant disturbances, according to residents and officials, with some house parties at short-term rentals even resulting in gunfire. Property owners must adhere to various state and city regulations, including notifying their HOAs, neighboring properties, and neighborhood associations about operating rentals.