ISLE OF PALMS BUSINESS COUNCIL AUGUST 1 ST , 2007
Slide 2Short Term Rental Workshop Isle of Palms Planning Commission September 26, 2005
Slide 3Planning Commission Members Dick Cronin, Chairman Mack Canterbury, Vice Chairman Joe Clark Bob Hooper Ginny Huseby Michael Loftus
Slide 4City Council Request January 25, 2005 1. Audit the Comprehensive Plan and the zoning statute dialect managing private employments. 2. Review and arrange properties in the SR1 and SR2 zoning regions in the accompanying classifications: ∙ Vacation rental ∙ Owner involved homes 3. Study and order development patterns including annihilations and sizes of new development for as long as fifteen years .
Slide 5City Council Request (proceeded with) 4. Decide the monetary effect of investment properties including incomes created and costs. 5. Decide the effect rentals have on the personal satisfaction in the influenced locale through correspondence with inhabitants and accumulation of open wellbeing information. 6. Get ready report and proposals for City Council.
Slide 6Planning Commission's Strategic Plan Create subcommittees of the Commission-Economic, Statistical and Database Management Create database of data accessible from Assessor's office and rental permit data
Slide 7Planning Commission's Strategic Plan (proceeded with) Seek contribution from outside sources -Rental proprietors -Citizens affected by rentals -City divisions and staff
Slide 8Database Creation Source: Charleston County TMS Parcel # Property Address General Use (single family, business, and so on.) Legal Description (part, piece, and so forth.) Lot Size Tax District Owner (name and address) # of Bedrooms # of Bathrooms Square Footage Sale (date and value) Appraised & Assessed Value Taxes Paid Legal Residence (4% yes or 6% no) Year Built
Slide 9Database Creation Source: City of Isle of Palms Residential Rental Gross Income Residential Rental License Fee Rental Agent (name and address)
Slide 10Dwelling Statistics 1846 Dwellings in SR1 & SR2
Slide 11Dwelling Statistics (proceeded)
Slide 12Dwelling Statistics (proceeded)
Slide 13Use of Homes Built Prior to 2001 (SR1 & SR2)
Slide 14Use of Homes Built After 2000 (SR1 & SR2)
Slide 15Use of Homes by Age (SR1 & SR2) Built Prior to 2001 Built After 2000
Slide 16Average Size of Homes (SR1&SR2)
Slide 17Average Size by Use (SR1 & SR2)
Slide 18Average Number of Bedrooms (SR1 & SR2)
Slide 19Average Number of Bedrooms by Use (SR1 & SR2)
Slide 20Short Term Rental Workshop Thank you for coming and Please share your info
Slide 21Short Term Rental Workshop
Slide 22Short Term Rental Workshop
Slide 23ISLE OF PALMS NEW CONSTRUCTION TRENDS
Slide 24ISLE OF PALMS NEW CONSTUCTION 03' T0 07'
Slide 25Isle of Palms Rentals New Construction 2003 to 12/2006
Slide 26ISLE OF PALMS RENTALS NEW CONSTRUCTION 03 TO 12/06
Slide 272007 NEW PERMITS
Slide 282007 NEW PERMITS
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