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Day: October 7, 2022

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Airbnb Rules All About Airbnb

Airbnb Rules in Ireland

ireland airbnb rules

Ireland is certainly a popular tourist destination across the globe with competitive attractions & diverse culture. For property investors and hosts to successfully start an Airbnb business in Ireland, it’s important to take the first step by learning about its legality, step-by-step process, and most of all – profitability!

In this article, we featured Airbnb regulations in Ireland, along with the commitments of the Irish government to enforce short-term rental rules. Continue reading and learn more about the Airbnb laws in Ireland.

Is Airbnb legal in Ireland? 

To cut the story short, yes – Airbnb is legal in Ireland! Check out the following general information before starting an Airbnb anywhere in Ireland:

  • UPCOMING REGULATIONS: 

Airbnb recently released an article about a plan to enforce rules & protection for housing in Ireland. In line with this, here are two of the new short-term rental rules that will take effect soon (the date of implementation was not indicated):

1.  A single Host will be required to register for Ireland. This would establish a clear system for Hosts to follow and will give authorities the information they need to enforce the rules and take action against property speculators that are damaging communities.

2. Only the hosts with a registration number are able to publish listings on the platform.

How much can I make by running an Airbnb in Dublin, Ireland?

Currently, there are 1,914 Airbnb listings in Dublin, with 50% of entire houses earning up to €4,621 a month. The Average Occupancy Rate in Dublin is 85% and the average daily rate is €128. According to vacation rental market data source Airbtics, a 2-bedroom apartment in Dublin can make up to €76,778 each year. Discover how much you can make with Airbnb by checking out our Short-term Rental Estimator!

ireland airbnb rules
how much can you make on airbnb

Short-term Rental Policy in Ireland

Here are some of the regulations that depend on your property’s location in an RPZ (Rent Pressure Zone):

  1. “Short-term letting” is defined as the letting of a house or apartment, or part of a house or apartment, for any period not exceeding 14 days.
  2. If you share a spare room or rooms in your own home (your “Principal Primary Residence” or “PPR”), you can do so all year round but you must register with your local authority annually.
  3. If you share your entire PPR while you are away, you can do so for up to 90 days of the year, but you must notify your local authority.
  4. If you share your entire PPR for more than 90 days of the year, you must apply for a change of use planning permission from your local authority.
  5. If you own a property that is not your PPR, and you use it for short-term letting, you must apply for a change of use planning permission from your local authority.
  6. If you are not the legal owner of the property, you will need to attach the owner’s consent to use the property for short-term letting.

Conclusion 

In my personal opinion, the biggest advantage of running a short-term rental is high return! I’ve talked to hundreds of Airbnb hosts over the past years and frequently met hosts making 15 – 30% gross rental yields, and 10-20% net. It’s also fun to do! 

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Airbnb Rules All About Airbnb

Airbnb Rules in Colorado

airbnb rules colorado

Colorado offers various kinds of outdoor activities and has exquisite landscapes. Tourism has certainly increased in the state of Colorado. Therefore, property investors and future Airbnb hosts in Colorado should learn about its legality in certain counties such as El Paso, Denver, and Boulder, along with its chances of profitability!

In this article, we featured Airbnb regulations in Colorado, along with the new Airbnb laws in Denver. Continue reading and learn more about the Airbnb laws in Colorado.

Is Airbnb legal in Denver, Colorado? 

To cut the story short, yes – Airbnb is legal in Colorado! In fact, there have been 84.2 million visitors annually in Colorado. As of August 2022, there are 49,888 nights available in Denver from Airbnb alone. Blueground manages 61 listings, while Espadín and Kathryn operate 40 and 26 respectively.

How much can I make by running an Airbnb in Denver?

Currently, there are 2,950 Airbnb listings in Denver, with 81% of entire houses earning up to $3,863 a month. The Average Occupancy Rate in Denver is 82% and the average daily rate is $125. According to short-term rental market data source Airbtics, a 2-bedroom apartment in Denver can make up to $64,928 annually. Check out our Short-term Rental Estimator and discover how much profit you can make with Airbnb! 

airbnb rules colorado

Short-term Rental Laws in Colorado

  1. Depending on local & county requirements, licenses or permits are required to operate STRs. On a side note, Durango and Breckenridge cap STR permits and have long permit waiting lists
  2. In counties and municipalities that require STR licenses or permits, those licenses and permits are typically effective for 1 or 2-year terms and must be renewed before such period expires
  3.  Proof of insurance is typically required & there should be a point person who must be available 24 hours a day to respond to emergencies
Short-term Rental Laws in Denver
  • It is required to have a license to offer a short-term rental in a primary residence in Denver
  • The license applicant must provide a valid Colorado driver’s license or state identification card, along with at least two other documents to demonstrate primary residency
  • Denver does not allow investor-owned STRs or multiple licenses per person
Short-term Rental Laws in Colorado Springs
  • Owner-occupied STR units are allowed in lawful dwelling units in zones where residential units are allowed
  •  Non-owner-occupied STRs are not permitted in single-family zoning districts and must be 500 feet from another permitted STR unit
  • The number of licenses to one permit per lawful dwelling unit is limited by the Colorado Springs City Council
  • The use of STRs for commercial or large social events, including weddings, is prohibited
  • Owners of a condominium or similar building are limited to two STR units per property
Short-term Rental Laws in Boulder 
  • It is required to have a valid license for all rental properties in Boulder. In relation to this, it is also required to obtain an STR license before advertising their property for rent, and the property must be the owner’s principal residence.
  • An accessory unit or a principal dwelling unit on a single-family lot or parcel with an accessory unit may not be rented as an STR unless certain additional requirements are met, and it may not be rented for more than 120 days in a calendar year.
  • The name on the license must be the same as the name on the deed for the property, and the owner must be a natural person, trust, or nonprofit organization.
how much can you make on airbnb

Hosts & Property investors in Colorado

According to local investors and real estate brokers in Colorado, it is currently difficult to get permits to operate short-term rentals in Colorado. Before starting an Airbnb business, it is advisable to call the permitting office and let them know in advance regarding your plans to do short-term rental business in your preferred area. This way, you’ll be able to expect certain challenges and find solutions to overcome them in advance.

“ But is it getting harder to get permits? Absolutely, yes. And counties and cities are tightening the rules all the time. Breckenridge just passed a law limiting the number of nights that can be rented. A neighbor of mine decided to sell his STR as a result. Super high selling price and limited rentals — why NOT sell? So he did. You’ve got to do very market-specific research. Some counties will allow it, and even the city, but then not the HOA.” 

– Erik Stenbakken
Investor in Northern Colorado

Conclusion 

In my personal opinion, the biggest advantage of running a short-term rental is high return! I’ve talked to hundreds of Airbnb hosts over the past years and frequently met hosts making 15 – 30% gross rental yields, and 10-20% net. It’s also fun to do! 

Airbtics
ANALYZE DENVER NOW!
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Airbnb Rules All About Airbnb

Airbnb Rules in Honolulu, Hawaii

airbnb rules honolulu hawaii

Hawaii’s beautiful scenery and sweet climate have made it to the record of being one of the most visited states in America. With over 9.4 million visitors, property investors have been eyeing great property deals and the Airbnb business has been a great source of income. In order for future hosts to successfully start an Airbnb business in Hawaii, it’s important to learn about its legality, step-by-step process, and most of all – profitability!

In this article, we featured Airbnb regulations in Hawaii, along with the new Airbnb laws in O’ahu. Continue reading and learn more about the Airbnb laws in Hawaii.

Is Airbnb legal in Honolulu, Hawaii? 

To cut the story short, yes – Airbnb is legal in Hawaii! While short-term regulations have been regulated since 1989 in the City & County of Honolulu in Hawaii, there have been recent restrictions and upcoming regulations. Here’s what you need to know before you invest in an Airbnb in Honolulu:

1.  Based on Bill 41 (21) CD2, or Ordinance 22-7, the registration for new short-term rentals has been temporarily suspended until further notice.

2. Only the hosts with a registration number are able to publish listings on the platform.

How much can I make by running an Airbnb in Honolulu?

Currently, there are 3,664 Airbnb listings in Honolulu, with 90% of entire houses earning up to $4,886 a month. The Average Occupancy Rate in Honolulu is 89% and the average daily rate is $151. According to vacation rental market analytics source Airbtics, a 2-bedroom apartment in Honolulu can make up to $47,987 annually. Check out our Airbnb Profit Calculator! 

airbnb rules honolulu hawaii

New Short-term Rental Laws in Honolulu

  1. Ordinance 22-7 (Bill 41) limits rental bookings lasting fewer than 90 days to designated areas and will take effect on October 23, 2022.
  2. Vacation rentals in designated resort areas, including Ko Olina, Turtle Bay, and parts of Waikiki are NOT included in Ordinance 22-7.
  3. Non-conforming use certificates (NUCs) must comply with the new annual renewal after their existing renewal period expires.
  4. All STRs must provide registration or NUC number & tax map key on advertisements.
  5. Any advertisement of a rental or dwelling unit that is not a registered STR may not include daily or less than three-month rental rates and must include the statement: “this property may not be rented for less than 90 consecutive days.  Rental prices will not be reduced or adjusted based on the number of days the rental is actually used or occupied.”

New Rules for Vacation Rentals in Oahu, Hawaii

Since the announcement of the City & Council of Honolulu regarding Ordinance 22-7, many vacation rental owners and hosts have filed lawsuits against the said law. 

  • According to Bill 89, also known as Ordinance 19-18, there will be a limit on Bed and Breakfasts (B&Bs) on the island. Specifically, no more than 0.5% of the total number of dwelling units in each regional area on O‘ahu can be used as B&Bs.

  • The new laws also dictate that new B&B owners can rent two bedrooms to guests. The business owners are also expected to reside at home with guests by law.
how much can you make on airbnb

Hosts & Property investors in Hawaii

Since the announcement of the City & Council of Honolulu regarding Ordinance 22-7, many vacation rental owners don’t see the point of calling it a “short-term rental” business because of the minimum 90-days law. According to one of the local real estate agents in the area, they had to return lease arbitrages in Waikiki to the lessor because there are way too many hotels and STRs are being overlooked.

“ Honolulu has been very aggressive in their efforts to limit the available inventory of short-term rentals. In my opinion, even without this new law, it is not a great market because the numbers don't pencil out. There are way too many hotels on the island.”
- Mark Waite
Real Estate Broker in Wailea, Hawaii

Conclusion 

To summarize, knowing the Airbnb rules & its potential profit in Honolulu is still important before investing in an Airbnb within the area. While gauging the personal experiences of various local hosts should also be considered in your decision-making process, accurate data should still be the foundation of your investment.

In my personal opinion, the biggest advantage of running a short-term rental is high return! I’ve talked to hundreds of Airbnb hosts over the past years and frequently met hosts making 15 – 30% gross rental yields, and 10-20% net. It’s also fun to do!

Airbtics
ANALYZE HONOLULU NOW!
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Airbnb Rules All About Airbnb

Airbnb Rules in New Orleans

New Orleans rules

With the new Airbnb rules in New Orleans, Louisiana, this article explains the regulations & profitability of short-term rentals in the area.

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New Orleans rules
Airbnb Rules

With the new Airbnb rules in New Orleans, Louisiana, this article explains the regulations & profitability of short-term rentals in the area.

  • Last updated on
  • August 7, 2023

Louisiana’s beautiful city of New Orleans is not only known for its famous creole & unique dialects, but also for profitability on Airbnb! In this article, we featured Airbnb regulations in New Orleans, along with its profitability based on Airbnb’s key metrics. Continue reading and learn more about the Airbnb laws in New Orleans.

Is Airbnb legal in New Orleans? 

To cut the story short, yes – Airbnb is legal in New Orleans! As of August 2022, there are 42,294 nights available in New Orleans from Airbnb alone. Sextant Stays manages 244 listings, while Sonder and Sam operate 66 and 64 respectively.

Airbnb Profitability in New Orleans

Currently, there are 4,057 Airbnb listings in New Orleans, with 83% of entire houses earning up to $3,769 a month. The Average Occupancy Rate in New Orleans is 66% and the average daily rate is $163. According to short-term rental data source Airbtics, a 2-bedroom apartment in New Orleans can make up to $77,033 annually. Check out our Short-term Rental Estimator to know how much profit you can make with Airbnb!

airbnb rules new orleans

Short-term Rental Laws in New Orleans

  1. According to the New Orleans government website, it is necessary to use new application forms and obtain both an Operator permit and Owner permit(s) for the unit(s) you will be renting out if your STR permit was issued before December 1, 2019, and has expired.
  2. Short-term rentals in New Orleans are allowed to operate depending on zoning areas. STR is prohibited in the Garden District, Riverfront Overlay, Bywater, and Marigny sub-districts.
  3.  Hosts are required to obtain an owner and operator short-term rental license and display their license numbers on their listing page if they want to offer short-term stays (less than 30 consecutive nights at a time).
  4. If your listing is in a residential zone, you’re the property owner, and you have a valid homestead exemption, you may be eligible for an RSTR license. There are 3 different types of RSTR permits: RSTR-Partial, RSTR-Small, RSTR-Large. The type you’re eligible for depends on how many units and how many rooms you want to rent out.

License types in New Orleans

Based on Airbnb in New Orleans, here are the types of short-term rental (STR) owner licenses divided into two categories: Residential STR (RSTR) and Commercial STR (CSTR). 

1. Residential Partial Unit (RSTR- Partial)

  • RSTR-Partial licenses allow property owners to rent up to 5 guest bedrooms to up 10 guests in 1 dwelling unit such as a townhouse, single-family home, apartment, or condo. 
  • Hosts must have a valid homestead exemption in their name and live on the property. Only property owners can get this license. Renters can’t get this license. The fee for this license type is $250. A host is limited to 1 RSTR-Partial license.

2. Residential Small (RSTR – Small)

  • RSTR-Small licenses allow property owners to rent up to 5 guest bedrooms to up 10 guests in 1 dwelling with no more than 4 dwelling units (i.e. an apartment building with no more than 4 apartments or a single-family home with a separate mother-in law unit).
  •  Hosts must have a valid homestead exemption in their name and live on the property. Only property owners can get this license. Renters can’t get this license. The fee for this license type is $500. A host is limited to 1 RSTR-Small license but can have 1 RSTR-Partial license in the same building.

3. Residential Large (RSTR-Large)

  • RSTR-Large licenses allow property owners to rent up to 6 guest bedrooms to up 12 guests in 3 dwelling units in a dwelling with more than 4 dwelling units. 
  • Hosts must have a valid homestead exemption in their name and live on the property. Only property owners can get this license. Renters can’t get this license. The fee for this license type is $500. A host can get up to 3 RSTR-Large licenses.

4. Commercial (CSTR)

  • Property owners or renters in non-residential zones can apply for a CSTR license. 
  • CSTR licenses allow hosts to rent up to 5 guest bedrooms to up to 10 guests in any building where fewer than 25% of the total dwelling units are currently licensed for STRs. The fee for this license type is $1000. There is no limit to how many CSTR licenses a host can get.

Conclusion 

In my personal opinion, the biggest advantage of running a short-term rental is high return! I’ve talked to hundreds of Airbnb hosts over the past years and frequently met hosts making 15 – 30% gross rental yields, and 10-20% net. It’s also fun to do! 

New Orleans rules

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Airbnb Rules All About Airbnb

Airbnb Rules in Virginia Beach

virginia beach airbnb rules

Before you invest in a property in Virginia Beach, it’s essential to know its legality, step-by-step process, and profitability for a successful investment. In this article, we featured Airbnb regulations in Virginia Beach, along with the new tax collection and remittance law in Virginia. Continue reading and learn more about the Airbnb rules in Virginia Beach.

Is Airbnb legal in Virginia Beach? 

To cut the story short, Airbnb is legal in Virginia Beach! However, operating a short-term rental in Virginia Beach depends on your property’s category. Based on a recent ordinance implemented by the City Council of Virginia Beach, property owners should meet the following criteria to operate Airbnb: 

  1. The property should be located in the Sandbridge Special Service District
    Properties in Sandbridge may operate as STRs “by-right” as long as they meet the regulations and obtain an annual zoning permit.
  2. The property should be located in the OR (Oceanfront Resort) Short-term Rental Overlay District
    Oceanfront Resort properties need to obtain a conditional use permit before operating as an STR. Once approved for a CUP, these properties must also obtain a separate annual zoning permit.
  3. Be grandfathered in the following:
    – Grandfathered properties must have been registered with the Commissioner of Revenue and pay transient occupancy taxes before July 1, 2018.
    – Grandfathering runs with the land and is valid until the property ceases to be run as an STR. 
  4. Have an approved short-term rental conditional use permit (CUP) that was obtained before September 7, 2021
    All conditional use permits expire five years from the date of adoption. CUP renewal is overseen by the Planning Department and will require the property to be compliant with all regulations and codes. If a property has a CUP, it may be subject to other regulations and restrictions in addition to the ones listed below.

To supplement this data, here are accurate findings from Airbtics. As of August 2022, there are 18,049 nights available in Virginia Beach from Airbnb alone. Ypb manages 28 listings, while Ms. Koch and Sheppard operate 26 and 25 respectively.

How much can I make by running an Airbnb in Virginia Beach?

Currently, there are 1,072 Airbnb listings in Virginia Beach, with 53% of entire houses earning up to $3,918 a month. The Average Occupancy Rate in Virginia Beach is 56% and the average daily rate is $202. 

According to short-term rental market analytics source Airbtics, a 2-bedroom apartment in Virginia Beach can make up to $82,048 each year. Check out our Short-term Rental Estimator to know how much profit you can make with Airbnb!

virginia beach airbnb rules
Short-term Rental Policy in Virginia Beach
  • It is required to get an annual short-term rental zoning permit to operate in Virginia Beach.
  • A structural safety inspection report is required to be submitted for properties with exterior stairways, decks, porches, or balconies.
  • For rental property owners or hosts who want to host a gathering of between 50-100 people, you’ll need to get a special event permit. Each property is only allotted up to three of these permits per calendar year.
  • It is required to have liability insurance for $1,000,000 on your property. Proof of insurance must be provided and kept with the Zoning Office.
how much can you make on airbnb

New Tax Rules for Rental Property in Virginia

Airbnb recently extended its support to Virginia’s new tax collection and remittance law which began on October 1, 2022. Moving forward, the local government of Virginia will continue to recognize short-term rental businesses to entice more tourist arrivals in the long run. 

“Those of us who have been playing by the rules and supporting our local municipalities benefit with less paperwork each month. Those who have been skirting by and not paying their taxes will now have to pay their fair share whether they like it or not, providing more tax revenue for marketing efforts to further drive tourism. 

Here in the Shenandoah Valley, most jurisdictions are very STR-friendly as tourism is a key driver of our economy, and this agreement with the Commonwealth of Virginia has now solidified that even further.” 

– Chase Hoover 
Real Estate Owner in Virginia

Conclusion 

With the recently implemented tax rules in Virginia, the primary benefit for short-term rental owners is that their businesses are recognized as an asset in the local community. Aside from the fact that Airbnb is profitable in most areas of Virginia, there’s no denying that it will be a great place for an Airbnb investment.

In my personal opinion, the biggest advantage of running a short-term rental is the high return! I’ve talked to hundreds of Airbnb hosts over the past years and frequently met hosts making 15 – 30% gross rental yields, and 10-20% net. It’s also fun to do! 

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