@Jonathan315 @Bill1082 @Stephanie-and-Robb0 @Kristin950 @Pete69
Just a note on all of this as a lot of great points were made.
This whole vacation rental thing, which is hitting higher and higher velocities in many communities, is still in its relative infancy. Regulators are sticking their noses into the innerworkings like a game of whack-a-mole (to, say, reduce parties stretching the police force) and other "housing advocates" trying to stand up for ski lift workers and maids. The free market is taking too long for these sorts of people (and for us at times too!).
However, we all just need to settle down and be patient. Obviously, no owner wants parties to be held at their house. Just like a conventional landlord doesn't. In time, bad apples will be rooted out (getting their accounts bounced, getting their deposits withheld, etc.). And those parties will decrease. Eventually wages will rise BIG TIME for maids and ski lift workers. They have to: we're all making a fortune with our vacation rentals. At my listings, we pay our cleaning crews/handy people fantastic compensation. The initial build? It’s unimaginable how much I paid my GC, his subs, materials, etc. to make my listings what they are. All that went to those deserved hard workers. Maintenance? Just now, I paid my plumbing helper $400 just to adjust my hose! However, they do great work and they make ends meet as they have to. If the day comes where that compensation is not enough for our workers, they will tell us, we will increase our prices to our guests, and we will increase our worker's wages. Everyone wants this whole thing to be perfect TODAY. But it's just not going to be like that.
All of this has happened in other industries before, it's happening here now, and we're all whining about it to each other (which feels good, I agree!). Policy makers are really doing their best (and failing miserably, but they’re trying). We all just need to keep calm and carry on. Build awesome listings, attract guests willing to pay massive rates for our effort, and compensate our people well. The housing stock for low-income renters will recover, parties will diminish, the local economies will thrive with more tourists, and all will be well.