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Sedona offers landlords up to $10K for renting to local residents

The city of Sedona is offering financial incentives to homeowners in an effort to curb short-term rentals.

There are nearly 1,000 such properties registered with the city.

That’s about 15% of available rental inventory. 

Sedona is hoping to decrease that percentage by offering homeowners up to $10,000 per year to rent to locals.

Shannon Boone, housing manager for both Sedona and Cottonwood, said because state law prevents limiting short-term rentals, “We’re really hoping it appeals to folks who are just maybe renting out a room in their house or have a small place for rent that maybe isn’t making the big bucks.”  

Boone said she understands the incentive isn’t attractive for all landlords. “We know that there are some short-term rental owners who are making $60,000 dollars a month, so this program is not going to appeal to them.”

The program is expected to roll out by Sept. 1.

Tom Maxedon was the host of KJZZ’s Weekend Edition from 2017 to 2024.