Does the short term rental industry affect affordable housing?: Pam Knudsen, Avalara

Pam is the Senior Director of Compliance Services at Avalara, a transactional tax compliance company that operates across multiple industries, including lodging.I want to let you know up front, this isn’t an episode about tax compliance, but rather a discussion to understand the impact that short term rentals have on a community. We so often read headlines and see news stories about the negative impacts that vacation rentals have on housing prices, but rarely do we hear about the broader impact they have on the local economy.A recent HBR study outlined exactly that, and that was the impetus for this episode. Now, tie in the regulation landscape, and how it can benefit guests, owners and locals, and you’ve got a more complete picture.Pam brings incredible knowledge and insight to this conversation and I hope this episode illuminates a few points to consider if you want to jump in to owning your own Airbnb.About PamPam Knudsen is an executive at Avalara, leading multi-tax teams including Lodging, Beverage Alcohol, Telecommunications and Sales & Use Tax. She serves as a leading voice in vacation rental tax compliance and regulation, in addition to bringing in-depth experience across software/SaaS technology as well as ERP systems. Pam joined Avalara in 2012. LinksWebsite: https://www.avalara.com/HBR Study: https://hbr.org/2021/11/research-restricting-airbnb-rentals-reduces-development---For past episodes, show notes or if you’ve got a story that might make a great episode, head over to theprovenprinciplespodcast.com. We’d love to hear from you.You can subscribe to the show wherever you get your podcasts, even on YouTube... and if you haven’t already, don’t forget to leave us a rating and a review. Thanks for listening to The Proven Principles Hospitality Podcast.