The growth of short-term rentals (STRs) in Denver, Colorado was causing a number of community concerns, including noise complaints, public safety issues, overburdened trash services, increased traffic, and damage to neighboring properties. The City was struggling to monitor ordinance compliance and address these issues.
The STR challenge was having a significant impact on the city’s resources. The city was losing revenue from taxes and fees that would have been collected if the properties were rented long-term. Additionally, the STRs were placing a strain on community services, such as trash collection and police response. The city needed a comprehensive solution that would address the financial and social aspects of the STR market while ensuring strict adherence to local ordinances. The solution also needed to balance the interests of the homeowners, local businesses, and the wider community.
The city implemented a number of measures to address the STR challenge, including creating a new licensing system for STRs, increasing enforcement of STR ordinances and investing in community services to support the growing tourism industry. These measures have helped to mitigate the negative impacts of STRs on the city. The city has also seen an increase in revenue from taxes and fees collected from STRs.
Learn more about how to address the challenges posed by STRs while still benefiting from the economic and tourism opportunities they offer. By implementing a comprehensive solution that balances the interests of all stakeholders, cities can ensure that STRs contribute to the vibrancy and prosperity of their communities.
City of Denver, CO