The proposed regulations spearheaded by Councilwoman Mary Beth Susman and recommended by Denver’s Planning Commission last month may not have a clear path to approval by City Council. As discussed in a prior post, the proposed zoning regulations for short-term rentals, drafted after much consideration in public presentations and town hall meetings earlier this year, would permit properly licensed short-term rentals city-wide, subject to certain limitations. One of those limitations, which require the short-term rental unit to be the host’s primary residence, received significant push-back from several Denver residents who currently rent homes other than their primary residence on hosting websites such as Airbnb and VRBO.
Continue Reading Two Denver City Councilmembers Propose Alternative Short-Term Rental Regulations
Denver Short-Term Rental Update
In a three-hour public meeting last night, the Denver Planning Commission heard public comments from supporters and opponents of the City’s proposed zoning regulations for short-term rentals.
Continue Reading Denver Short-Term Rental Update
Denver Apartment Rents Still Rising, but Move-In Incentives Soar
It’s no secret that rental rates in Denver are sky-high, and the multi-family apartment industry is booming. According to one study, 7,749 multi-family residential units have come online in the downtown area alone since the start of 2010, and an additional 5,039 units are currently under construction.
Continue Reading Denver Apartment Rents Still Rising, but Move-In Incentives Soar
Voters Approve New Taxes on Short-Term Rentals
Two major cities on the front range recently enacted new regulations – and city taxes – for short-term rentals.
Continue Reading Voters Approve New Taxes on Short-Term Rentals
Is Renting Your Home on Airbnb Illegal? Maybe.
One of the biggest players in what’s been dubbed the “sharing economy” is Airbnb, a peer-to-peer lodging platform that makes it easy for homeowners or renters to open up their homes to strangers in the form of short-term lodging. For many of the families renting their homes or rooms in their homes on Airbnb and other sites, the income from a short-term rental can provide a financial cushion, and may be enough to make ends meet. One study commissioned by Airbnb found that a typical single-property host makes an average of $7,530 for renting an average of 66 days per year.
Continue Reading Is Renting Your Home on Airbnb Illegal? Maybe.