Case Study: Reimagining Short-Term Rental Governance

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


Webinar: Short-Term Rentals: Managing Compliance & Administration in Your Community

Are you feeling the impact of Short-Term Rentals in your area? We understand the challenges that STRs can bring to local governments and communities.
Tune in to this webinar as we explore the rise of STRs, the strain they can put on communities, and why it can be difficult to find solutions. We also walk you through the four stages of ordinances and the compliance lifecycle and provide you with strategies for boosting compliance and revenue in this evolving market.

The panel discussed:
• The rise of STRs and the challenges they bring to local governments and communities
• Strategies for boosting compliance and revenue
•  Guest panelist Penny Curtis, City of Frisco, TX Code Enforcement shared time-saving tips that made a positive impact on her community


Webinar: Mastering STR Ordinances: Essential Tips for Texas Government Leaders

The rise of short-term rentals (STRs) is creating a new set of regulatory challenges for government leaders. This webinar recognizes the exponential growth of STRs in Texas and highlights the challenges faced by cities and towns in keeping up with this expanding sector. If you’re concerned about how to navigate this issue in your jurisdiction, this webinar offers invaluable insights into STR ordinances and regulations in Texas. You will gain practical knowledge, best practices, and tips to ensure regulatory compliance and foster a thriving STR industry while safeguarding your communities.

This webinar covered:

  • Explosive Growth of STRs in Texas
  • Landmark Texas Court Rulings: What They Mean for Your STR Regulations
  • Balancing STR Growth & Citizen Concerns
  • The 4 Stages of Regulatory Compliance – Where Are You?
  • Tips & Strategies for Tailoring Effective STR Ordinances for Your Community




Five Ways Avenu Maximizes Your Short-Term Rental Compliance

Are you experiencing a rapid growth in your Short-Term Rental (STR) community? It can be a challenge to keep up with monitoring, licensing, permitting, and overall tax collection. And non-compliant STRs also bring about neighborhood complaints, like safety, noise, trash, and parking, just to name a few.

As a local government leader, you need a comprehensive solution to help discover, identify, register, and collect all revenue from existing and unknown STRs in your community.

Avenu Insights & Analytics provides a Short-Term Rental monitoring, compliance, and Full-Service administration solution. An intuitive and easy to use software solution that evaluates your entire STR community and identifies those that are not in compliance. We help recover funds from newly discovered STRs and receive, post, and reconcile all STR filings and fee payments.

Learn the five ways Avenu helps maximize your STR compliance.

Contact Avenu today for a free customized dashboard for your community and see how we can bring your community’s Short-Term Rental properties into compliance, in short order.

Short-Term Rental Solutions Helps Communities Increase Revenue and Efficiency

Short-term rental listings are expected to grow by nearly 21% in 2022. However, localities are finding it harder to effectively monitor and tax these properties.

The fragmented market (125+ platforms) makes it nearly impossible for government leaders to monitor and identify 100% of listings while maintaining compliance. At the same time, owners continue to skirt short-term rental occupancy taxes that go toward schools, fire departments and other important community services.

We recently spoke with the Director of Community Services, Gustavo Roman from the City of College Station, TX to discuss his approach to addressing the gap in Hotel Occupancy Tax revenue the city was experiencing.

In summary we covered some of the outcomes of their approach that included:

  • Establishing a Short-Term Rental Ordinance
  • Identifying over 400 non-licensed STR’s in first 4 months
  • Uncovering over $100K in newfound Occupancy Tax Revenue
  • Establishing a 24/7 Hotline & Portal for Citizens
  • Creation of a “level playing field” for all Hotel and STR operators

If you are interested in gaining a better understanding of what YOUR short-term rental community looks like and where it’s trending, we’d like to send you a custom dashboard comprised of data from more than 100+ STR websites.



Avenu Insights & Analytics Launches Full Scale Short-Term Rental Solution

Avenu combined its 40 years of experience in both software solutions and revenue enhancement services to develop proprietary analytic software which identifies all rentals on Home Away, Airbnb, Flip Key, Craigslist and other sites. A key differentiator for municipalities is the precision and detail that is provided of STRs, which includes the complete and exact address, full name of the owner/operator, and estimated minimum sales.

Clients will be provided a dynamic and interactive dashboard to search areas by map, instantly receive rental inventory statistics, and view the full case history of any property. The tool is also mobile enabled to simplify field investigations.

The other key area of support Avenu is offering is a 24/7 hotline and web-portal for citizens to log any noise or pollution complaints about STRs in their area. The goal of this feature is to take the burden of fielding and tracking complaints off the hands of local governments while readily providing the necessary information so action can be taken.

“As the STR market continues to evolve and grow, it has raised ever increasing challenges that impact economic development, property rights, taxation, and revenue collection for local governments,” stated Avenu CEO, Paul Colangelo. “We are proud to support local communities as they strike a healthy balance between hospitality and community.”

About Avenu Insights & Analytics

Over 2,600 state and local governments have partnered with Avenu to drive positive results for their communities through software administration and revenue enhancement solutions. Avenu’s comprehensive software solutions digitally transform government by modernizing processes, providing online access to records, and reducing costs. Avenu also provides a robust ecosystem of revenue management services that identify and recover untapped revenue. State and local governments work closely with Avenu to increase revenue without raising taxes, streamline internal operations, and improve services by enhancing connectivity for constituents. Avenu is a portfolio company of Mill Point Capital.

About Mill Point Capital
Mill Point Capital is a middle-market private equity firm focused on control-oriented investments in the business services and industrial sectors. The firm works with executive partners to leverage its investment professionals’ experience, while providing strategic and operational guidance designed to drive long-term value creation in its portfolio companies. Mill Point is based in New York.

Originally published on PRWeb.