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.
