Vacation Rental Management Association Calls on Florida Legislature to Pass Florida Vacation Rental Act, Create Uniform Set of Regulations for Short Term Rentals
-Delay in Passing Legislation Threatens Florida’s Top Industry-
WASHINGTON, DC (February 20, 2018) -- Following the postponement of a key vote on the Florida Vacation Rental Act (CS/CS/SB 1400), the Vacation Rental Management Association (VRMA) called on the state’s elected representatives to swiftly take up and pass the legislation, which would create a uniform set of rules for vacation rentals by regulating them at the state level. VRMA is the nation’s leading voice for advancing professionally managed vacation rentals as a safe, reliable, and enjoyable lodging option for traveling consumers.
As Florida’s biggest industry statewide, tourism in 2016 was responsible for bringing in 112.8 million visitors, who collectively spent $108.8 billion and supported 1.4 million Florida jobs, according to VISIT FLORIDA, the state’s official tourism marketing operation. Nearly 50 percent of these visitors opt to stay in accommodations other than hotels, including short-term vacation rentals. The vacation rental industry alone accounts for more than $31 billion in economic impact throughout the state, and without the passage of CS/CS/SB 1400, this funding is put in jeopardy.
A similar bill in the Florida House, HB 773, would also protect Florida’s tourism industry by requiring communities to apply regulations uniformly to all residential properties.
As the system currently stands, individual localities each create their own regulations, imposing massive burdens on professional vacation rental managers who oversee properties in multiple jurisdictions. Making compliance even more difficult, these regulations seemingly change day by day. These managers work hard to ensure that properties are maintained and property owners comply with local codes, as well as setting a high bar for the vacation rental industry.
“Florida’s economy relies on tourism, and a uniform standard for all vacation rentals will protect this important industry while protecting consumers and helping businesses ensure they are fully compliant,” said Mike Copps, VRMA’s Executive Director. “Rather than an ever-changing patchwork of regulations that make compliance nearly impossible, CS/CS/SB 1400 will be good for Florida businesses and ensure that key economic drivers in the state are not forced underground.”
“We applaud Senator Steube for his efforts to this point and call on the rest of Florida’s legislature to pass this important bill before they adjourn in March,” Copps continued.
VRMA’s top mission is to drive professionalism in the industry, preparing managers to more responsibly represent and work with property owners and local communities to provide guests with the highest standards in maintenance, housekeeping, guest protection, safety, property inspections, and a host of other issues. This high level of professionalism is the key differentiating factor between professionally managed rentals and owner-managed or non-professionally managed properties.
The Vacation Rental Industry is one of the fastest-growing markets for travelers in the United States. In addition to property tax revenue, travelers staying in a vacation rental, compared to other accommodations, often spend significantly more money in the local community and at local businesses, generating additional tax revenue, employment, and economic development. Furthermore, the industry also contributes to local communities through bed and lodging taxes, furthering its economic impact.