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Martha’s Vineyard Real Estate was a sponsor for the inaugural NSMTA Senior Men’s Doubles Championships

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Martha’s Vineyard Real Estate was a sponsor for the inaugural NSMTA Senior Men’s Doubles Championships on Martha’s Vineyard, a USTA National CAT III event! The tournament was held at the six Har-tru clay courts at Farm Neck Golf Club over the weekend from September 28 through September 30, 2018. Martha’s Vineyard Real Estate was the presenting sponsor for the 60-year-old and over division.

Skip Dostal, Co-owner of Martha’s Vineyard Real Estate hosted 2 players at his private home in Vineyard Haven. Steven Powers from Malibu, CA and John Popplewell from Portland, Oregon. Both players traveled from the west coast to enter the over 75-year-old division. John traveled with his wife Patsy and when not playing on the courts, they all were able to tour our beautiful Island of Martha’s Vineyard and enjoy many of the Island fine restaurants.

“For many years a very popular senior men’s doubles tournament was held in Chatham, Massachusetts on Cape Cod. It drew many of the top doubles players throughout New England in the 65 and 70 age divisions. That tournament ceased several years ago.  We wish to recreate the atmosphere, congeniality, and camaraderie of the Chatham Men’s Doubles Championship and have expanded the men’s age divisions to include 60, 65, 70 and 75. In years to come, we look to add more age categories and perhaps women’s divisions if there is enough interest.  Hosting this prestigious event is an honor, as it will feature some of the top men’s senior doubles players from across the country and Canada. The tournament will take place over three days, from September 28th through September 30th.  This sporting event will bring large numbers of both players and spectators to the island, many of whom will extend their stay to take in all the island has to offer. They will be staying in a combination of private homes, hotels and B&B’s and are sure to take the time to enjoy the shops, restaurants, and other island venues as well as the beaches and natural beauty of the Vineyard during their visit”

Everyone involved agreed it was as an exciting and fun-filled weekend and the director, Mas Kimball is already thinking about what we can do to make next year’s event even better. Expansion of the age groups and possibly adding a women’s division are some ideas in the works.

For more coverage of this amazing event check out the following articles!

        MV Times: Farm Neck Hosts National Senior Men’s Doubles Championships

MV Gazette: Seniors Tennis Tournament Is Farm Neck Fountain Of Youth

 

Massachusetts Short-Term Rental Bill Hangs in Limbo

At the end of July, Massachusetts lawmakers approved short-term rental regulations that include registration, tax collection, and a state-wide public registry of licensed rentals. The senate approved the bill in a 30 – 8 vote, and the house approved the bill in a 119 – 30 vote.

Governor Charlie Baker returned the bill to the legislature on August 1 with two proposed amendments. One amendment is to exempt homeowners who rent their units for fewer than 14 days a year. “This change would exempt those who participate in this new industry only occasionally, while allowing the extension of fair tax treatment to the growing short-term rental sector as it competes with hotel and motel businesses,” he wrote in his letter to the legislature.

He also requested limiting the information available in the new registry to only the street name and the city or town where the property is located to protect residents’ personally identifiable information.

Paul Sacco, president and CEO of the Massachusetts Lodging Association, wrote in a letter to the editor on NorthEndWaterfront.com on August 10 that “members of the Massachusetts Lodging Association were disappointed that Governor Baker chose not to sign a reasonable and thoughtful bill passed by the legislature that would have brought some sanity to the short-term rental industry,” and they hope the differences could be resolved.

Baker returned his amendments after the formal session had ended. Now, the legislature can either call a formal session to vote on the proposed amendments, let the bill die, or hold an informal session. In informal sessions, a single objection can stop the bill from advancing.

Senator Michael Rodrigues and Representative Aaron Michlewitz, the bill’s committee chairs in each chamber, did not respond to VRM Intel at the time of publication. NorthEndWaterfront.com reported that in the North End/Waterfront Residents Association meeting last Thursday, Michlewitz said he said he thinks negotiation with the governor on the amendments is the most likely next step.

With or without the governor’s amendments, if the bill is approved, short-term rental operators will be required to register with the state and pay state excise tax in addition to local taxes and fees. Addresses of licensed properties will be listed in a public, searchable online registry. Owner information and tax records will be kept confidential.

Municipal legislatures will be allowed to vote on the following in their jurisdictions:

  • Require additional local licenses or permits and cap the number of licenses allowed
  • Ban or limit the type of short-term rentals allowed
  • Limit the number of days an owner can rent his or her property in a year
  • Require building or zoning codes
  • Maintain health and safety standards
  • Issue penalties for violations
  • Charge a 3 percent community impact fee on professionally managed units, defined in the bill as “1 of 2 or more short-term rental units that are located in the same city or town, operated by the same operator and are not located within a single-family, two-family, or three-family dwelling that includes the operator’s primary residence.”

The bill includes a 5 percent state excise tax on all short-term rentals and allows municipalities to impose a local excise tax of up to 6 percent (Boston may impose up to 6.5 percent). Cities that impose the optional local excise tax must direct at least 35 percent of revenues from the tax toward affordable housing or local infrastructure projects.

The bill also establishes the Cape Cod and Islands Water Protection Fund to support water pollution abatement projects in Barnstable, Dukes, and Nantucket counties, home to popular Massachusetts tourist destinations including Martha’s Vineyard, Cape Cod, and Nantucket. Other cities and towns can vote to join the fund. Municipalities in the water protection fund will impose an additional excise tax of 2.75 percent on short-term rentals, from which all revenues will be directed to the fund.

In Boston and some surrounding towns, there is already a 2.75 percent tax on all hotel rooms to fund the Boston Convention and Exhibition Center. Under the new regulations, this tax would also be applied to short-term rentals. According to a recently passed ordinance in Boston, starting January 1, 2019, the city will limit short-term rentals to a private bedroom in a primary residence in which the owner or operator is present during the rental, a whole-home rental in which the owner or operator resides for at least nine months out of a 12-month period, and a single unit in an owner-occupied two- or three-family building. Registration and other regulations will also apply.

If Boston joined the water protection fund and opted to impose the maximum 6.5 percent local tax, total taxes on short-term rentals in the state could reach up to 17 percent. The legislature estimates that the taxes could generate $25 million in revenue for the state and $25 million in local revenue.

The bill allows the commissioner to require hosting platforms, including Airbnb and HomeAway, and intermediaries including property managers to supply reports on revenues and taxes collected.

Short-term rental operators must also carry a minimum $1 million in liability insurance on each rental unless the hosting platform through which the rental was facilitated offers the same or better insurance.

If the governor had signed the bill as is, the regulations would have gone into effect on January 1, 2019, with rental contracts entered into starting November 1, 2018. It is unclear if this schedule will be followed if the amended bill is approved by the legislature.

https://www.vrmintel.com/massachusetts-short-term-rental-bill-hangs-in-limbo/

Just Sold

39 West Tisbury Road                                                                                      $680,000

ent1839 Exterior

Just Sold – 230 Buddy’s Lane

230BuddysDrive Areil

Congratulations to Yue Mei Li on the closing of her new house in Oak Bluffs.

Katama House for Rent

Katama – Edgartown Estates
This three-bedroom, two bath vacation home is centrally located in Edgartown, about two miles from downtown and from South Beach. There is a cozy loft for reading or watching the flat screen tv. The first floor has one bedroom with twin beds, full bath, living room, dining room and kitchen. The second floor has a cozy loft for reading or watching the flat screen tv, a queen bedroom and a twin bedroom and a full bath.
There is a large deck with patio table and chairs and gas grille off the dining/kitchen area. Comfortable living for six.

New for 2018 – Air Conditioning, new deck and landscaping. August – $4000 weekly. email: tjark@mvyre.com. Phone 508 939-0237.