Ventnor short-term rentals finally facing much needed restrictions. But are they enough to deter party houses?
Families are looking to stop animal house rentals and ‘motel zones’ in their residential Ventnor neighborhoods.
Ventnor residents have one last chance to speak up.
Final public comment and vote will take place 5:30p, Thurs, June 8. at City Hall.
Key issue to be voted on: Three or more bedroom properties will have minimum rental stay of 3 or 5 nights.
Public hearing and adoption vote is 5:30p, Thurs, June 8.
Attend in person at City Hall, or watch and participate via ZOOM online video.
Some Ventnor neighborhoods turning into motel zones. Party zones. Animal houses. No parking. Quality of life diminished.
During public comment, one short term rental (STR) operator boasted of his portfolio of 29 rental properties.
Another rental business owner was happy to share his expertise in running a national rental business that included Ventnor. He’s not happy with a recommended 5 day minimum for his rental business operation.
You’re running a business in a residential neighborhood.Ventnor Mayor Landgraf
How did these so-called ‘motel zones’ pop-up? Some used cheap money to buy out homeowners. Investors scooped up large homes in Ventnor and converted these family homes into short-term rental operations, aka: motel zones.
Converting family homes and residential neighborhoods into short-term rental operations, aka motel zones.
Rental company owners shocked that Ventnor Mayor Landgraf looking to protect residential quality of life.
- Studios and one-bedroom units can still rent 1 night.
- 2 bedroom properties can rent minimum of 2 nights.
- Any current rental contract ‘grandfathered’ in for Summer 2023.
Chasing full-time residents away. Ventnor becoming less affordable for families that typically rent on a yearly basis.
When annual rentals are converted to short-term rentals, the year-round population declines. This causes local business to suffer or shut down in the off-season. Many close soon after Labor Day.
Lack of affordable Downbeach housing hurts local business because they can’t find local employees.
RISK: unlimited buying of family homes and converting them into short-term rental operations. Running an ‘absentee owner’ rental business is made easier by online apps like AirBnB.
Short Term Rentals, (STR’s) are not required to provide adequate parking for their rental business.
They’re operating a motel business in a residential Ventnor neighborhood.Ventnor Neighbors
Former Ventnor Mayor Beth Holtzman stepped down before her term was up. Holtzman had to sell her home (after divorce) and leave town due to lack of affordable housing.
Ventnor and Margate slowly becoming a Sea Isle City. Great in the summer, but a ghost town from Sept -May.
Note: Brigantine still allows single night rentals. Watch video:
Bottom line: Short-term rental chaos could persist for another year. Ventnor needs to address aggressive investments into STR’s.
Real Estate investors, entrepreneurs, flippers, vultures, speculators, business operators. Like pigs in slop before mortgage interest rates essentially doubled over the past year and slowed their acquisitions.