The Pacific Grove City Council voted unanimously this week to modify a 12-year old restriction on rentals for less than 30 days. The modification would permit rentals of residential property with registration, licenses, and payment of transient occupancy tax. This move will not only legitimize activity that has been going on in the City, but will bring in some much-needed cash flow to this great town.
The modification to the City’s rental ordinance could not have come at a better time, since approximately 45,000 people will descend on the Monterey Peninsula in June, 2010, for the U.S. Open at Pebble Beach.
Monterey Bay Property Management will be registering its entire portfolio of Pacific Grove properties in January, once the ordinance is adopted, in an effort to make PG properties available to its customers who desire to rent a home for less than 30 days.
This is also a great opportunity for private property owners who manage their own properties to come out of the closet and be up front and above board about their rental business and contribute to the welfare of the city we all love so much. For property owners who would like assistance with this process, Monterey Bay Property Management will offer a registration service, as well as a monthly “on-call” service for out-of-town owners who would like a 24/7 contact within arms’ reach of their properties.