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
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
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:
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 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:
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.