Pandemic Puts Question Marks Around Summer Rental Market

<p>As summer rental deposits come due, the 2020 season is a landscape of question marks for Vineyard vacationers and homeowners alike.

As summer rental deposits come due this spring, the 2020 season is a landscape of question marks for Martha’s Vineyard vacationers and homeowners alike.

“We are seeing lots of questions and concerns from our tenants and our owners,” said Anne Mayhew of Sandpiper Rentals in Edgartown, which handled close to 1,000 seasonal leases on the Island last year.

“We’ve even had a couple of owners who have concerns about people in their house,” she said.

Tenants want to know what will happen with the Vineyard’s beaches, restaurants and transportation, Ms. Mayhew and other rental agents told the Gazette this week. None of these questions can be readily answered until state and local officials issue further guidance and rules on pandemic control measures in public places.

“Right now, we are saying it’s a little early yet. We need to wait and see what’s going to happen,” Ms. Mayhew said.

Joan and Jeff Talmadge, co-owners of Wellesley-based WeNeedAVacation.com, said after a strong start earlier this year, both inquiries and bookings are down significantly for the Cape and Islands homes they represent, including about 460 properties on the Vineyard.

“Going into this [pandemic], things were doing pretty well. We were up,” Mr. Talmadge said.

“It looked like hey, another good summer, until all hell broke loose.”

From March 14 to April 28, he said, overall Cape and Islands bookings were down 69 per cent over the same period last year and Vineyard bookings were down 77 per cent.

“The Vineyard and Nantucket are both doing more poorly than the Cape,” he said. “I suspect that has to do with the added complexity of the ferries.”

Homeowners also are worried, Ms. Talmadge said.

“We’re seeing and hearing from a lot of anxious homeowners who aren’t sure what the summer is going to be like,” she said. “I think everybody is starting to realize that it’s not going to be a normal summer.”

Elizabeth Weeden, who represents the company on Martha’s Vineyard, said some homeowners already were dropping out of the rental market after the short-term rental tax went into effect last year on stays shorter than 31 days.

“It’s kind of a tough one-two punch between the lodging tax last year and . . . this year,” she said.

Julie Flanders, owner of Flanders Real Estate in Chilmark, said out of about 280 rentals her office arranges yearly, five cancellations have come in over the past few weeks.

Some of the canceling tenants are seniors concerned about infection, Ms. Flanders said, while another lease was for staff housing for a company that is scaling back.

“All the homeowners have been very amiable so far,” she said. “Everybody’s either refunded the deposit or turned it over to the 2021 rental season.”

Ms. Talmadge said the owners she works with have been similarly accommodating when it comes to rental deposits, the balances of which are usually due 30 to 60 days before the tenancy begins.

“There are a lot of homeowners who are understanding and they are advising their renters — we call them guests — to hold off on sending the balance until we know a little bit more,” she said.

“I think that there’s a great deal of compassion that’s required here on the part of homeowners,” Ms. Talmadge added.

“There could be elderly people in their party who were advised not to travel. They could be out of a job. Some vacationers have been furloughed from their job, and when they get it back they’ve been told not to take a vacation this summer,” she said.

But Ms. Talmadge and other rental agents are holding out hope for a rebound — not to the usual jam-packed Martha’s Vineyard season, but an Island summer nonetheless.

“I think it might be more like a summer in the late 1970s,” said Ms. Flanders, a third-generation real estate broker who has known some of her clients all her life.

“They’ve been coming for 50 years,” she said. “I believe they will follow the rules.”

While Sandpiper has seen some tenants push their rentals to 2021, Ms. Mayhew said bookings are still coming in and the Massachusetts Association of Realtors has drafted a Covid-19 cancellation addendum for leases.

“It gives the tenant confidence [they will] get their money back if they’re not able to travel,” she said.

None of the area rental agencies or Airbnb, which has about 150 listings for longer-term rentals on the Vineyard, has issued any mandatory requirements for cleaning and sanitizing rental homes, but Ms. Mayhew said the owners she works with are receiving a cleaning checklist developed in consultation with the Vacation Rental Managers Association.

“It’s a templated checklist they can get started with and tailored to their house, asking the cleaner to complete it and leave a signed copy in the rental,” Ms. Mayhew said.

“That’s what we’re requesting.”

Ms. Mayhew also recommends homeowners streamline the contents of their rental homes, given that everything has to be cleaned.

“You really want to consolidate and think about what’s going to be needed,” she said, adding that kitchens will need to be well-equipped because more people will likely be cooking at home.

But homeowners may not have to conduct the deep cleaning too frequently this season: More than one agent said she is seeing an uptick in requests for longer-term stays.

“A lot of people just don’t think that a week is going to be enough,” Ms. Talmadge said.

“If their kids are out of school and if camps are canceled and they want to get outside of their four walls, they want to go away for longer.

“We’re thinking that’s not a bad thing.”

Comments

Submitted by Anonymous (not verified) on Sun, 05/03/2020 - 09:56

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John Brooklyn

My wife and grown children love coming up to MV which we have done for the last 7-8 summers. We are keeping the wonderful year-round folks we have met in our thoughts and prayers. As someone sheltering in now for the seventh week, I’m not sure what the problem with the ferries would be—if you’re in your car, you’d stay in it; walk ons would have to be limited and guided to distance areas marked with tape every six feet. For the 45 minutes from Woods Hole that shouldn’t be a problem. I’d be more worried about the line to get in Stop and Shop and the health of those and other store workers.

Submitted by Anonymous (not verified) on Sun, 05/03/2020 - 11:02

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bs OB

For all of those discouraging travel to the island this year keep in mind we tax the heck out of these visitors. From rental tax, rooms tax, meals tax, sales tax etc we generate millions of dollars. The loss of this revenue will ultimately mean layoffs for teachers, police and most town departments and an eventual increase in our real estate taxes. Maybe some of these visitors will reconsider their plans when they realize the irreparable damage their absence will have on our year round economy.

Jerry Oak Bluffs

So with no vaccine, limited testing availability, no Ag Fair, no cinemas on a rainy day, uncertainty around restaurant rules and when they're going to open, partially filled grocery store shelves, everyone wearing masks, and a 9 bed hospital -- you really think tourists and their families are going to rush to the SSA, Island Queen, and Hy-Line to support your business? I can hardly recommend my son bringing my grand kids kids to Flying Horses, Illumination or go bowling, waiting in line for a slice at Gios or taking the VTA from OB to VH to eat at Black Dog. How are restrooms going to work when my grand kids need to (frequently) go -- what attendant will sanitize after every use? Every other use? Once an hour? You keep posting a rosy picture of Summer 2020. Damage is being done across America, not just on our little 20x9 island. Until universal testing is available and a vaccine comes to market I foresee a cautious America staying put until 2021.

HF Manhattan

Eliminate rental tax. Rental tax was slipped under the rug last minute and DEFINES TAXATION WITHOUT REPRESENTATION. Those who own second homes here were not able to vote on this slippery and offensive tax because MA may not be their state of primary residence. The state should learn to balance their own budget without having to slip sneaky taxes in. Not to mention, renters will find another state to vacation in with NO rental tax.

Downislander

Why on earth would anyone risk their life for OUR economy??? All our eggs in one basket is why we're in this financial pickle. Maybe, just maybe, we will learn something from this.

Submitted by Anonymous (not verified) on Sun, 05/03/2020 - 14:41

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Year-Round Resident Edgartown

BS-from OB... if that's where you are really from... First, their are no restaurants open for sit in patrons on the island (a very few handful offer take out).. The stay-at-home orders are still in effect until 5/18/20 and could be extended. I think it is truly irresponsible of you to paint a false picture of the current status of life on the Vineyard. The stores which are open have limits on the number of people who can enter (the packages stores only allow four at a time, for example).. The grocery stores have empty selves and there are no people walking around Edgartown out of fear. It's obvious you have a vested interest in the 2020 summer season, but don't BS people and jeopardize people safety for your own benefit... that's wrong.. You definitely have the right handle... BS.. well done.

bs OB

Yes I've lived here for over 25 years. This was a great weekend weather wise and for those who so chose there's a ton of take out food opportunities and plenty of places to enjoy them. If you are afraid of the virus by all means shelter in place. We certainly don't want the elderly and infirm to be compromised. The rest of us need to get out and enjoy life again.

Jimmyballgame9 WT

Love this brave new world we live in where this person BS is vilified and called dangerous just because he had the audacity to express some positivity and optimism. He’s not setting policy folks or dictating what people actually do ... he’s just being hopeful. And for that he gets attacked? What have we become?

Submitted by Anonymous (not verified) on Sun, 05/03/2020 - 22:41

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KS DC

The summer season is still two months away. As a long time summer visitor since 1972, I hope the curve will flatten and visitors will still be welcome on the island. Most of us in the DC metro area are getting comfortable wearing masks to the grocery store on a regular basis, so I'm sure safety protocols could be followed on the island this summer. Crowds are going to be much smaller on MV this season and I'm looking forward to the Vineyard of the 1980's.

Submitted by Anonymous (not verified) on Mon, 05/04/2020 - 11:37

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JaredN Boston

For over ten years we've rented the same house on Chappy for the first two weeks of September. We fill up our SUV with groceries to minimize the amount of shopping that we need to do on MV. We typically only eat out once or twice. We spend most of our time on the beach on Cape Poge. Since we get an oversand vehicle sticker, social distancing on the beach is not a problem.

We hope that we will be able to come this year, but time will tell.

Submitted by Anonymous (not verified) on Mon, 05/04/2020 - 13:17

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Mac Middlesex County MA

Be prepared for disappointment. Bakers office and Lt. Governor are already dropping hints the Shutdown will be extended beyond May 18.

Submitted by Anonymous (not verified) on Mon, 05/04/2020 - 13:27

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Seasonal Visitor PA

Its nice to finally see (at the very least) an article addressing this topic! Ive been writing the Chamber, The Governor and others asking for assistance and guidance. We have a rental scheduled for a week in July. We coordinated that stay through a local MV rental agency. In early April I emailed to request a cancellation as I knew then the writing was on the wall for Summer 2020. We TOO were told we must pay or we will be in violation of our contract. I even offered a "split the difference". Owner could keep our deposit but we wouldn't have to pay the balance and got no reply. I WANT to stay home. I want to avoid the risk for my family but also avoid bringing the island any more risk. The idea of coming to the island to quarantine and cook all my meals is absolutely no vacation to me. I can do that in my state in my own home. Someone higher up needs to make a final call on this!

Submitted by Anonymous (not verified) on Mon, 05/04/2020 - 14:17

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AM Quincy

My family has a home in Oak Bluffs that we rent out a few weeks a year to help cover the costs of upkeep. We're really pulling for the summer season to go on, if in an amended form. We can weather a year of no rentals, and skip replacing the tub, but as someone who worked there summers in college--it's going to be hell on the small businesses and workers. Here's hoping we can have our MV summer while keeping safe.

Submitted by Anonymous (not verified) on Mon, 05/04/2020 - 16:39

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PD Franklin, MA

We have first two weeks of July rented. Our landlord so far is not allowing cancellation. We sure hope there is clear guidance for them on what to do otherwise I fear we are going to have to come or otherwise be out $7K. If we do come, we have been quarantining and we are in Massachusetts already. But I do worry about needing groceries and access to the beaches. We would love to do over the sand permit on Chappy. If that's not open then we wouldn't want to come. We could make this work by staying outside or in our homes most of the time, but wouldn't mind skipping this year either. I sure hope the landlords allow cancellation

Submitted by Anonymous (not verified) on Mon, 05/04/2020 - 16:55

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Al Reis Edgartown

Many people rely on their summer rental income to cover the carrying costs of the house- mortgage, maintenance, etc. Many manage to survive on the island by renting out their homes in the summer. What happens when those revenues vanish due to cancellations?

Submitted by Anonymous (not verified) on Mon, 05/04/2020 - 17:10

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Ruth New Canaan, CT

I can't imagine traveling somewhere and spending day after day in lock down with nothing to do but take walks. That is what I am doing at home for free and with no risk to myself. Looking forward to staying close to home this year, saving some money and helping my community.

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