fbpx
Categories
Airbnb Rules All About Airbnb

STR Regulations for Responsible Hosting: Is Airbnb legal in Greece?

Is Airbnb legal in Greece? Be a responsible host and start your Airbnb journey on the right foot by learning the short-term rental regulations in Greece!

STR Regulations for Responsible Hosting: Is Airbnb legal in Greece?

Is Airbnb legal in Greece

STR Regulations for Responsible Hosting: Is Airbnb legal in Greece?

Is Airbnb legal in Greece? Be a responsible host and start your Airbnb journey on the right foot by learning the short-term rental regulations in Greece!

STR Regulations for Responsible Hosting: Is Airbnb legal in Greece?

KEY TAKEAWAYS

  • Short-term rentals contributed 1.65% to Greece’s GDP in 2022, showcasing the economic significance of the tourism and rental industry.
  • Knowing the legal framework, taxation and operational aspects of Airbnb hosting in Greece will help you to run an Airbnb listing smoothly. We also feature the new rules for STR in Greece that will be in effect in 2024.
  • With the aid of the Airbtics STR calculator, we provide potential earnings for Airbnb hosts in major Greek cities such as Athens, Santorini, Mykonos, and Crete, along with average occupancy rates.

Airbnb Legality in Greece: Navigating Regulations and Profitability

The Hellenic Republic of Greece is widely known for being a captivating country that has a rich history and well-preserved archeological sites that draw a great influx of tourists yearly! Its charming towns and cities feature impressive architecture that is blended perfectly with breathtaking landscapes and picturesque islands. Besides, the exquisite gastronomy and warmth of Greek hospitality can make anyone love this country.

Thanks to its attractiveness, Greece enjoys a solid tourist market that strongly contributes to the economy. Thus, short-term rentals have gained popularity as a source of income for homeowners and investors, especially amidst rising living costs. In fact, in 2022, this economic activity contributed 1.65% to GDP according to a research report presented at the Prodexpo Real Estate Conference.

But before making major investment decisions and offering your property to guests, it’s important for future Airbnb hosts like you to grasp the regulations and rules relevant to this activity. 

You may be wondering “Is Airbnb legal in Greece?” – Don’t worry because, in this article, we will delve into the existing legal framework in Greece concerning short-term rentals. As a bonus, we also mention the level of profitability that a host can generate in specific Greek cities!

Is Airbnb Legal in Greece?

Hosting Airbnb guests in Greece sounds like a profitable business idea that will certainly guarantee you a hefty passive income. However, first and foremost, you must answer this question: “Is Airbnb legal in Greece?” – Let’s keep things short and let us get to the point: Airbnb is legal in Greece!  But, before stepping into the short-term rental market in Greece, you should learn more about the ordinances that regulate the holiday lets in the country.

Greek Law: What is a short-term rental of immovable property?

According to Greek law, a short-term rental is when you lease a property via digital platforms for a specific duration that is shorter than a year, mainly providing furnished accommodations with bed linens. This includes apartments, houses, and dwellings of separate structures, as well as rooms within apartments or single-family dwellings.

Here are some of the existing STR laws & regulations in Greece:

Airbnb Regulations in Greece

Under Greek regulations, article 111 of Law 4446/2016 is the fundamental rule which sets out the terms and conditions for short-term rental properties:

  • Before listing a dwelling on digital platforms, you must register the property in the “Register of Short-Term Property Lets” kept by the Independent Authority for Public Revenue (IAPR).
  • Once the property is registered, you will obtain a registration number (“AMA”) which must be visibly displayed when listing the rental on the digital platforms and in any advertising tool.
  • It’s required to submit a Short-Term Rental (STR) Declaration by the 20th of each month following the check-out of the guest in the electronic application. You can submit the declaration here.
    • A separate administrative fine of €100 is imposed if the STR Declaration is submitted late.
    • In the case of non-submission or inaccurate submission of a STR Declaration, you will be imposed with a fine double the rent, as it appears on the digital platform on the day on which the check is conducted. 
  • If you entrust the management of the STR to a third party, you must submit a Declaration of Particulars of Tenancies of Immovable Property.

Please note that if you have more than one STRP, you must register each rental property separately in the Register of Short-Term Property Lets.

If any of the conditions mentioned in the STR Greek law aren’t met, property owners or sublessors will be imposed with an administrative fine of €5,000. They will be required to take the necessary measures to comply within 15 calendar days

Is there a limit on total Airbnb night stays in Greece?

While the STR legal framework doesn’t currently set daily limits or other restrictions on short-term rentals, the law allows the government to introduce limits on total nights for specific geographical areas:

  • The letting of each listing should not exceed 90 days per calendar year;
  • For islands with less than 10,000 inhabitants, the property may not exceed 60 days per calendar year 

However, it’s possible to exceed the limit duration in the case that the total income of the owner or sublessor from all the rental properties doesn’t go beyond €12,000 in the relevant tax year.

Income Taxes & VAT for STR in Greece

Taxes can become quite a complex and tricky topic to talk about, but it’s important for property owners to familiarise themselves with it as well as to keep up to date with their obligations. 

The rental income obtained from a STR property of the sharing economy is considered income from real estate and the same is exempt from VAT. Thus, you, as a property manager, must pay a percentage of tax on your rental income in Greece to the tax authority. However, if you supply additional services aside from bed linen, then you will be required to apply VAT and pay it to Greek tax authorities.

The Greek tax year runs from 1st January to 31st  December and the portal to declare income taxes can be found here.

TAXATION:

logo
Income from STR Tax rate (%)
€0 - €12,000 15%
€12,001 - €35,000 35%
Above €35,001 45%
Are non-residents liable to tax income from leasing a property?

Non-resident individuals are obligated to tax on income derived from short-term rentals located in Greece. If you’re a non-resident, you will be required to file an income tax return where you shall declare the income obtained, and pay the liability just as Greek tax resident individuals. 

Stay updated: New short-term rental rules in Greece 2024

The Greek government will be implementing some changes in their short-term rental ordinances, so it’s better to keep an eye on these updates! 

  • Starting in 2024, homeowners that rent out one to two properties for short-term stays in Greece will need to pay a €1.50 accommodation fee per booking. 
  • On the other hand, individuals who rent more than two properties will be subject to 13% VAT and must comply with all fees and taxes that apply to hoteliers and rooms for rent. 
  • Additionally, stays lasting longer than 60 days cannot be reserved through online platforms such as Airbnb or VRBO, as they will be considered long-term rentals.

Still, government intervention in Airbnb remains limited and the changes are labeled as “soft solutions” to avoid burdening those who rely on rental income.

Are Property Investments Lucrative in Greece?

If you’re looking to run a profitable Airbnb business that can help you achieve financial freedom, then Greece may be an ideal place for you to target. Airbnb has been playing an important role in supporting economic lifeline for families and individuals in Greece. As of 2022, an average Airbnb host earned up to $4,000 (€3,746) according to Airbnb! And islands such as Mykonos and Santorini ranked as trending summer destinations in 2023.

There are different Airbnb KPIs that investors must consider when targeting specific markets, but let us provide you with an overview of major STR destinations in Greece: Athens, Santorini, Mykonos, and Crete.

According to Airbtics’ free Airbnb calculator, an average host in Athens can expect to earn €28,711 per year with an occupancy rate of 80% for operating a 2-bedroom property. 

Is Airbnb legal in Greece

On the other hand, if you’re planning to host guests in Santorini, you can generate up to €94,433 annually with a median occupancy rate of 71% for a 2-bedroom property in the capital city of Fira.

Is Airbnb legal in Greece

If you want to invest in Mykonos’s Airbnb market, you can make up to €80,680 yearly with an average occupancy rate of 69% for operating a 2-bedroom property! 

Is Airbnb legal in Greece

And if you’re targeting Crete’s Airbnb market, you can make up to €21,979 yearly with an average occupancy rate of 80% for operating a 2-bedroom property in the capital city of Heraklion! 

Is Airbnb legal in Greece

Airbnb Market in Greece: The evolving landscape in the Greek rental industry

In summary, hosts like you can ensure the efficient operation of their short-term lease business as long as they stay well-informed about the latest Airbnb regulations in Greece and follow the conditions accordingly. And don’t forget that you can walk on a profitable path by strategically selecting the best property locations for optimal returns!

While the government intervention in Airbnb remains limited, they are working together on improving the short-term rental laws so that the future for holiday lettings will be even brighter than it is. Airbnb and the IAPR have a valuable long-standing collaboration to make it easier for hosts to list their homes on their platform and they remain committed to supporting the growth of sustainable tourism. Thanks to this, old and new Airbnb hosts will be able to run their listings smoothly while reaping the rewards of their STRs while enjoying the atmosphere of this beautiful country. 

As Greece’s Airbnb market continues to grow steadily and stronger, property managers across the country should consider leveraging modern analytics tools to set and achieve their business goals based on real-time metrics. Explore your potential earnings in your desired Greek location using our Airbtics Dashboard!

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

  • Quick Links

Keep Reading

Annual Airbnb Revenue in Broken arrow oklahoma, USA

Broken Arrow, Oklahoma| Airbnb Market Data & Overview | USA Broken Arrow, Oklahoma Airbnb Market Data & Overview USA Is it profitable to do Airbnb …

Read More →
Annual Airbnb Revenue in New bern north carolina, USA

New Bern, North Carolina| Airbnb Market Data & Overview | USA New Bern, North Carolina Airbnb Market Data & Overview USA Is it profitable to …

Read More →
Annual Airbnb Revenue in Johnstown pennsylvania, USA

Johnstown, Pennsylvania| Airbnb Market Data & Overview | USA Johnstown, Pennsylvania Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Johnstown, …

Read More →
Annual Airbnb Revenue in Lake placid florida, USA

Lake Placid, Florida| Airbnb Market Data & Overview | USA Lake Placid, Florida Airbnb Market Data & Overview USA Is it profitable to do Airbnb …

Read More →
Annual Airbnb Revenue in Eustis florida, USA

Eustis, Florida| Airbnb Market Data & Overview | USA Eustis, Florida Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Eustis, …

Read More →
Annual Airbnb Revenue in Rutherford new jersey, USA

Rutherford, New Jersey| Airbnb Market Data & Overview | USA Rutherford, New Jersey Airbnb Market Data & Overview USA Is it profitable to do Airbnb …

Read More →

Categories
Airbnb Rules All About Airbnb

Airbnb Rules in NYC 2023: The new restrictive regulation for short-term rentals

NYC started enforcing new and highly restrictive Airbnb rules this 2023. Find out what are these restrictions and what they mean in this article!

Airbnb Rules in NYC 2023: The new restrictive regulation for short-term rentals

Airbnb Rules NYC 2023

Airbnb Rules in NYC 2023: The new restrictive regulation for short-term rentals

NYC started enforcing new and highly restrictive Airbnb rules this 2023. Find out what are these restrictions and what they mean in this article!

Airbnb Rules in NYC 2023: the end of short-term rentals in the Big Apple?

Operating a short-term rental property in NYC used to be a dream for many investors. The city provided golden investment opportunities that allowed them not only to own a house in the exciting Big Apple but also the chance to generate a positive cash flow by listing them on platforms like Airbnb and VRBO.

Unfortunately, NYC began enforcing new strict Airbnb rules on September 5, 2023, which means that the city is moving forward with banning short-term rentals. While STR properties are still allowed in NYC, the new laws limit how Airbnb operates in the city, making it difficult not only for hosts but also for guests. 

.

“New York City’s new short-term rental rules are a blow to its tourism economy. The city is sending a clear message to millions of potential visitors who will now have fewer accommodation options when they visit New York City: You are not welcome”.

– Theo Yedinsky, Airbinb’s global policy director.

But truth be told, NYC registered more than 10,000 illegal short-term listings operating within the city listings in recent years. For this and many other reasons, the city reinforced the regulations, thus, these listings will be affected or in other words, removed. 

If you want to know more about the NYC short-term rental law, keep reading as we dive deeper into the new restrictions and how they affect Airbnb hosts and guests alike!

New Airbnb Rules in New York City

As of September 5th, NYC began the enforcement of regulations requiring that all eligible hosts of short-term rentals must either be registered with the city or possess Class B status to continue offering holiday accommodations.

Yet, it must be noted that NYC adopted Local Law 18 on January 9, 2022. This law mandates that short-term rental hosts must register with the Mayor’s Office of Special Enforcement (OSE). At the same time, it prohibits booking service platforms (Airbnb, VRBO, Booking.com, etc.) from processing transactions for unregistered STR listings. The Local 18 Law applies only to listings that are rented for less than 30 days.

Requirements to comply with the rules:
  • Register with the Mayor’s Office of Special Enforcement (OSE).
  • Hosts that meet the requirements for short-term rentals, can apply for registration via the STRR portal. The application fee is $145.
  • They must provide the following information:
    • Full legal name, current phone number. 
    • The applicant must inform if they are the tenant or owner of the dwelling unit.
    • The STR property’s physical address where short-term rental, including street number, street name, zip code, borough, and unit number where there is more than one dwelling unit in the building.
    • An email address that will be used to receive communication from the administering agency.
    • Type of dwelling unit (e.g., single-family building, apartment in a two-family building, etc).
    • The number of individuals not related by blood, adoption, legal guardianship, marriage or domestic partnership that reside with the registrant in the unit.
    • The uniform resource locator or listing identifier and the associated booking service name for all existing listings of the dwelling unit.
  • Applicant must also provide a copy of the following documents:
    • Driver’s license or State-issued ID;
    • U.S. Passport or U.S. Passport card;
    • U.S. Military ID;
    • Permanent Resident Card or Employment Authorization card issued by the United States Government;
    • A foreign passport or driver’s license;
    • IDNYC card; or
    • Other forms of proof that the administering agency determines are acceptable
  • Registrations should be renewed on the online registration portal accessible through the administering agency’s website. Renewals will be accepted beginning 180 days before the expiration of a host’s current registration.
  • Booking platforms (Airbnb, Vrbo, etc.) are required to ensure that all users on their platforms in New York adhere to the city’s regulations.

If the application is approved, the department will issue a registration number that must appear on the host’s online listing.

Some of the restrictions include:
  • Registered hosts are not allowed to give the rentee exclusive access to the rented unit. A short-term rental can only be rented if the host is physically present in the property. 
  • The STR cannot have more than two paying guests and they must have access to the entire unit.
  • The OSE maintains a Prohibited Building List, where short-term rentals are prohibited, either due to legal restrictions (e.g. NYCHA or entire rent-regulated buildings) or because of specific lease and occupancy agreements within a building. You can check if an address is already included on the Prohibited Building List here.

Hosts that do not abide by the new legislation will face fines that go up to $5,000. Moreover, platforms could face fines of up to $1,500 for transactions involving illegal rentals.

.

“Registration creates a clear path for hosts who follow the city’s longstanding laws and protects travelers from illegal and unsafe accommodations while ending the proliferation of illegal short-term rentals.” 

– Christian Klossner, executive director of the city’s OSE

Airbnb also presented the alternative to switching from short-term rentals to long-term stays by updating the minimum night stay to 30 nights or more.

Adapting to Strict Short-Term Rental Rules: The Impact on NYC’s Airbnb Landscape

With the new regulations and restrictions for short-term rentals in NYC, many Airbnb listings will be removed and the occupancy rates may also drop since few travelers will be comfortable with the fact that they must share the booking with the owner. And while booking hotel rooms is also an option, it’s not always affordable for budget overnight visitors.

On top of that, we should consider that if there is a decrease in lodging options, hotel prices may continue to rise.

Moreover, hosts have expressed their opposition to the strict enforcement measures since it may negatively impact families who are trying to supplement their income by renting out their residences.

Shifting to Neighboring States: NJ as a Top Choice!

Thus, many travelers have been shifting from NYC to nearby areas, such as cities located in New Jersey, to book their Airbnb and have a more peaceful stay. Investors may look in a positive light on Airbnb markets in NJ, but they also should note that each municipality has its own Airbnb regulations.

While the panorama of Airbnb continues to change in cities like NYC, investors may opt to do a strategic shift and navigate other profitable locations to minimize potential challenges. This is where advanced STR analytics tools like Airbtics proved invaluable, simplifying the arduous process of identifying top rental markets!

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Keep Reading

airbnb property for sale adelaide city centre
Investing in Property for Sale: How to Buy A Profitable Property for Airbnb in Adelaide City Centre

airbnb property for sale adelaide city centre Are you looking to invest in a property where you can maximize profitability in a particular region? If …

Read More →
Annual Airbnb Revenue in San antonio texas, USA

san antonio, Texas| Airbnb Market Data & Overview | USA san antonio, Texas Airbnb Market Data & Overview USA Is it profitable to do Airbnb …

Read More →
Annual Airbnb Revenue in Avignon france

Avignon| Airbnb Market Data & Overview | France Avignon Airbnb Market Data & OverviewFrance Is it profitable to do Airbnb in Avignon, France? What is …

Read More →
Annual Airbnb Revenue in Provo utah, USA

Provo, Utah| Airbnb Market Data & Overview | USA Provo, Utah Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Provo, …

Read More →
Annual Airbnb Revenue in Hillsborough north carolina, USA

Hillsborough, North Carolina| Airbnb Market Data & Overview | USA Hillsborough, North Carolina Airbnb Market Data & Overview USA Is it profitable to do Airbnb …

Read More →
Annual Airbnb Revenue in North platte nebraska, USA

North Platte, Nebraska| Airbnb Market Data & Overview | USA North Platte, Nebraska Airbnb Market Data & Overview USA Is it profitable to do Airbnb …

Read More →

investing in turkey real estate
Categories
Airbnb Rules All About Airbnb

Airbnb Rules in New Jersey: STR Ordinances in Major NJ Municipalities

Travelers are rerouting from NYC to NJ due to the new Airbnb rules in New York. Don’t miss this opportunity! Here’s a complete guide about the Airbnb rules in New Jersey.

Airbnb Rules in New Jersey: STR Ordinances in Major NJ Municipalities

Airbnb Rules New Jersey

Airbnb Rules in New Jersey: STR Ordinances in Major NJ Municipalities

Travelers are rerouting from NYC to NJ due to the new Airbnb rules in New York. Don’t miss this opportunity! Here’s a complete guide about the Airbnb rules in New Jersey.

With the new Airbnb rules in New York, it looks like travelers are more inclined to book an Airbnb in New Jersey and make a day tour in NYC. This could mean a breakthrough for Airbnb investors and hosts in New Jersey!

So, if you want to grab this huge opportunity to maximize your Airbnb business, hang on there and read this article! We’ve done in-depth research to help you grow your STR business in New Jersey.

Navigating the Rules and Profitability of Short-Term Rentals in New Jersey

New Jersey is undoubtedly a popular destination and some of its municipalities have become the most attractive locations for short-term rental investments in the US due to its strong economy, consistent rental demand, and solid tourist market.

But before stepping into the Airbnb world, you need to understand the legality of the business, the steps involved in setting up an Airbnb in New Jersey, and most importantly if the investment is worth it! 

In this article, we have covered the Airbnb rules in major cities of New Jersey, as well as their level of profitability. Keep reading to learn more about Airbnb laws in New Jersey!

Is Airbnb Legal in NJ?

You may be wondering “is Airbnb legal in New Jersey?” – Let’s come straight to the point so you don’t have to worry anymore: Airbnb is legal in New Jersey State! Yet, it must be considered that each New Jersey municipality has its own particular regulations about short-term rentals. But in general, NJ imposes a state occupancy tax on short-term rentals.

On the other hand, some cities in New Jersey such as Paterson don’t require a business license to operate a short-term rental.

Here are some of the existing STR laws & regulations in major New Jersey municipalities:

Airbnb Regulations in Jersey City

Chapter 255 of the Jersey City Code of Ordinance introduces regulations about short-term rentals within the city. These regulations encompass the following:

  • Prohibition of short-term rentals managed by tenants and restrict short-term rentals within rent-controlled units. 
  • Property owners, who are eligible to share their primary residence, including up to two additional units within the building that they own and in which they live. However, they are limited to sharing their home for no more than 60 nights when they are not on their residence and must apply for a permit through the Division of Housing Preservation.
  • Permit applications are available from the Division of Housing Preservation, 342 Martin Luther King Drive, Jersey City, NJ 07305 or online.

Please note that the application process must be completed for each short-term rental, regardless of whether the owner of the rental is the same and/or the rentals are located in the same residence.

Requirements for obtaining a STR permit:
  • Registration fee: $250.
  • Provide the street address, tax block and lot, and ward of the rental.
  • The personal contact information of the owner (name, address, email, and phone number).
  • If the owner of the record is not a natural person, the names and personal contact information for all partners, officers, and/or directors of the owner entity.
  • Contact information for the STR property Agent as well as for the STRP responsible party, both available 24/7.
  • The number and location of all parking spaces available for the STR, including the number of legal off-street parking spaces and on-street parking spaces directly adjacent to the premises.
Documentation required:
  • Proof of the owner’s current ownership of the STR unit (i.e. – tax bill).
  • Proof of principal residence (i.e. – driver’s license or State ID card).
  • Copies of two (2) recent (less than 30 days old) utility bills.
  • Proof of general liability insurance in a minimum amount of $500,000.

Find out more about the Jersey City STR ordinance here.

Airbnb Regulations in Newark

In Newark, owners of a STR property must obtain a short-term rental permit from the Department of Engineering, before renting or advertising their listing.

Requirements for STR permits:
  • Owner’s contact information (name, address, phone number, and email) and the address of the rental unit.
  • A copy of the owner’s driver’s license or State ID confirming the property as their primary residence.
  • Contact information for the short-term rental agent as well as the one from the responsible party, both available 24/7.
  • Number and location of available parking spaces, with a commitment to minimize on-street parking issues.
  • For a condominium STR permit, it’s essential to obtain approval from the Condominium Association.
Other documentation:
  • Proof of the owner’s current ownership of the short-term rental unit;
  • Proof of general liability insurance in a minimum amount of $500,000;
  • Written certifications from the short-term rental property agent and responsible party that they agree to perform all of the respective duties.

Aside from the permit, owners must also make an application for a Certificate of Code Compliance. The permit and certificate of code compliance must be renewed on an annual basis. The renewal registration fee is $250

Learn more about Newark’s STR regulations here.

Airbnb Regulations in Atlantic City

In Atlantic City, any dwelling units, rooms, or other spaces used for seasonal or transient rentals are required to apply for an annual permit for registration and inspection. To successfully register, property owners must ensure that their taxes, water and sewer charges are up to date, and the property must be free of any maintenance violations.

STR Permit requirements:
  • Submit the application for short-term rentals. It includes a $150 mandatory application fee. 
  • The address of the short-term rental, including block, lot, and unit numbers.
  • Owner’s contact information (name, address, telephone number, and email address).
  • Contact Information concerning the local contact person, must be available 24/7 This should include their name, address, telephone number, and email address.
  • Proof of general liability insurance specifically covering short-term rental activities.
  • Land Use Certification.
  • Pest Certification.
  • Fire Certification.

Learn more about Atlantic City’s short-term rental regulations here.

Airbnb Regulations in Trenton

Landlords who wish to offer their units as short-term rental properties are required to register their properties under the City’s Absentee Owner Program. Registrations are valid for a one-year term and must be renewed on an annual basis.

Requirements for STR permits:
  • The address of the short-term rental, including block, lot, and unit numbers.
  • Owner’s information (name, address, telephone number, and email address).
  • Contact Information concerning the individual representative of the owner, must be available 24/7.
  • Specification of the exact number of sleeping rooms contained in the short-term rental. An owner shall include a floor plan of each level of the property.
  • A copy of a valid property liability insurance policy for each rental unit must be included with the registration form, covering the entire registration period.
  • Proof of compliance with condominium documents, bylaws, or governing documents, if applicable, should be provided for the residential unit used as a short-term rental.
  • The City charges a $300 registration fee and a $150 annual renewal fee.

On top of that, owners must maintain records of each renter’s name and contact details for a three-year period, to be provided to the City upon request.

For more detailed information about the STR regulations in Trenton visit this link.

Airbnb Regulations in Elizabeth

In Elizabeth, the owner of a STR property must obtain a short-term rental license from the city Bureau of Central Licensing, before renting or advertising their listing.

Requirements for STR permits:
  • Pay out the license application annual fee of $200.
  • Provide a rental certificate of occupancy from the Bureau of Planning and Zoning.
  • Certificate from the fire prevention bureau.
  • Owner’s contact information (names, addresses, phone numbers, and email addresses)
  • Address of the short-term rental unit.
  • Proof of owner’s principal residence status, such as a driver’s license or state ID.
  • 24/7 contact information for the owner.
  • Parking details, including efforts to prevent neighborhood parking issues. Also, an agreement limiting renters to one vehicle per two occupants.
Additional documents:
  • Proof of current ownership of the short-term rental unit.
  • Proof of general liability insurance with a minimum coverage of $500,000.
  • Written agreements from the property agent and responsible party to fulfill their specified duties.
  • For condominium STR applications, owners must submit a letter of approval from the Condominium Association.

Short-term rental licenses and rental certificates of occupancy must be renewed on an annual basis. Owners must notify the chief license inspector in writing within 30 days if they do not intend to renew their license.

Check out more detailed information about Elizabeht’s short-term rental ordinances here.

Is Property Investment Worth it in New Jersey?

Investing in an Airbnb property in one of the best cities of New Jersey not only allows you to own a vacation home, but you can also turn it into a rental property to earn a nice passive income! 

Let’s see some of the Airbnb market metrics of New Jersey –  According to Airbtics Dashboard, property investment in most cities of New Jersey is worth it. For instance, an average host in Jersey City can expect to earn $36,529 per year with an occupancy rate of 81% for operating a  1-bedroom property. 

Airbnb Rules New Jersey

On the other hand, if you’re planning to host guests in Atlantic City, you can generate up to $29,954 annually with a median occupancy rate of 50% for a 1-bedroom property.

And if you’re targeting Netwark’s Airbnb market, you can make up to $27,595 yearly with an average occupancy rate of 65% for operating a 1-bedroom property! Additionally, you would like to host in Newark, NJ since it’s one of the top STR-friendly cities in the US!

Airbnb Rules New Jersey

Mastering the New Jersey Airbnb Market: Stay informed to make smarter investment decisions

In conclusion, hosts can secure the smooth operation of their STR business by staying informed about the latest Airbnb regulations in New Jersey as well as targeting the right locations to get the most out of their properties. 

Moreover, considering Airbnb’s strict situation in NYC, New Jersey may become a better option for STR listings as some cities are located near New York and tourists would most likely prefer to book here to get a better experience. However, we must take into account that cities like Jersey City have been reinforcing their STR regulations recently, but hopefully, the panorama won’t be intensely affected by it.

As New Jersey’s market continues to experience steady growth in the Airbnb industry, hosts in the city should consider utilizing reliable analytics tools to set and achieve their goals and expectations based on up-to-date metrics for their businesses. Check out how much you can make with Airbnb in your target cities by making use of our Short-term Rental Estimator!

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Keep Reading

Annual Airbnb Revenue in Colchester, UK

Colchester| Airbnb Market Data & Overview | UK Colchester Airbnb Market Data & Overview UK Is it profitable to do Airbnb in Colchester, UK? What …

Read More →
Annual Airbnb Revenue in Swansea, UK

Swansea| Airbnb Market Data & Overview | UK Swansea Airbnb Market Data & Overview UK Is it profitable to do Airbnb in Swansea, UK? What …

Read More →
mejores lugares para Airbnb Islas Canarias
Los mejores lugares para Airbnb en las Islas Canarias

Antes de realizar una inversión inmobiliaria, en las Islas Canarias, es importante que tomes en cuenta varios parámetros clave para que esta pueda ser lucrativa …

Read More →
Best Type of Property for Airbnb
What is the Best Type of Property for Airbnb? (with 3 Sample Markets)

What is the Best Type of Property for Airbnb? (with 3 Sample Markets): Learn the tools that you can use to find the best type …

Read More →
Annual Airbnb Revenue in Sunshine coast qld, Australia

Sunshine Coast QLD| Airbnb Market Data & Overview | Australia Sunshine Coast QLD Airbnb Market Data & Overview Australia Is it profitable to do Airbnb …

Read More →
Annual Airbnb Revenue in Snohomish washington, USA

Snohomish, Washington| Airbnb Market Data & Overview | USA Snohomish, Washington Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Snohomish, …

Read More →

investing in turkey real estate
Categories
Airbnb Rules All About Airbnb

Kansas City Airbnb: Only With A License!

Kansas City Airbnb

Kansas City is a vibrant and bustling city, full of great places to explore and experience. And Airbnb has been an increasingly popular way for visitors to stay in the area. 

But now, Kansas City is taking steps to ensure that only licensed Airbnb hosts are able to rent out their properties in the city.

Kansas City Airbnb
Photo by Darren Hibbs on Unsplash

This move will help protect both renters and hosts from potential problems that can arise when renting through unlicensed services. 

It also helps promote fairness among all parties involved in the rental process by ensuring that everyone meets certain standards before being allowed to list their property on Airbnb. 

So if you’re looking for an Airbnb rental in Kansas City, make sure you check whether or not your host is properly licensed!

Hotels In Kansas City

Kansas City is a great destination for tourists and travelers alike. 

From its historic architecture to its vibrant art scene, there is something for everyone to enjoy. 

One of the most popular options for lodging in Kansas City is Airbnb; however, the city recently took steps to ensure that only licensed Airbnb hosts are allowed to offer renters their properties. 

This ensures that renters are protected and all parties involved in the rental process are held to certain standards. 

If you’re looking for a place to stay in Kansas City, consider booking at one of the best hotels in kansas city.

From luxury accommodations to budget-friendly options, there’s a hotel option for everyone. 

Choose from top chain brands or explore some of the unique local offerings. 

No matter what your expectations, you’re sure to find a hotel in Kansas City that will make your stay enjoyable and memorable!

Overview Of Kansas City Airbnb Requirements 

Kansas City has recently implemented a requirement that all Airbnb hosts must be licensed in order to offer rental properties through the service. 

This move is designed to protect both renters and hosts from potential issues that can arise when renting an unlicensed property. 

The licensing process ensures that all parties involved meet certain standards and provides assurance that the rental space meets certain safety and quality requirements. 

Before you rent an Airbnb in Kansas City, make sure the host is properly licensed to ensure a safe and enjoyable rental experience. 

Why Is It Important To Have A License For Airbnb Rentals In Kansas City? 

Having a license for Airbnb rentals in Kansas City is extremely important for a number of reasons. 

First, it helps protect both the renters and hosts from potential issues that can arise when renting an unlicensed property. 

The licensing process ensures that all parties involved meet certain standards and provides assurance that the rental space meets certain safety and quality requirements. 

It ensures fairness among all parties involved in the rental process by making sure everyone is held to certain standards before being allowed to list their property on Airbnb. 

It helps promote safety and security for both renters and hosts by ensuring that only qualified and licensed individuals are offering their properties as rentals.  

So if you’re looking for an Airbnb rental in Kansas City, make sure you check whether or not your host is properly licensed.

What Are The Benefits Of Rental Licensing For Hosts And Guests? 

Rental licensing is an important step for hosts and guests when using Airbnb in Kansas City. 

It helps protect both parties from potential problems that can arise when renting through unlicensed services.

For example, licensed hosts must meet certain safety and quality requirements that are specified in the rental agreement to ensure proper housing for guests. 

In addition, having a license helps to ensure fairness in the rental process by making sure all parties involved meet certain standards before being allowed to list their property on Airbnb. 

It helps promote safety and security for both renters and hosts by ensuring that only qualified and licensed individuals are offering their properties as rentals. 

All of these benefits help ensure an enjoyable experience for hosts and guests alike.

Steps To Take Before Listing Your Property On An Unlicensed Airbnb Service

Before listing a property on an unlicensed Airbnb service, hosts should take certain steps to ensure they are providing a safe, secure, and quality rental experience for their guests. 

First and foremost, hosts should research the legal requirements of Airbnb in their city or state. 

Hosts should make sure they are aware of any laws or regulations that may apply to their rental agreement. 

Hosts should obtain the necessary license and registration for their property before listing it on an unlicensed Airbnb service. 

Hosts should make sure they have a clear and comprehensive rental agreement in place that outlines all of the terms and conditions of the rental process. 

Taking these steps will help ensure a safe and enjoyable experience for both hosts and guests. 

The safety of Airbnb guests is paramount. 

The licensing process ensures that hosts meet certain standards and that rental spaces are secure and safe. 

Such standards include ensuring that all facilities, such as electrical systems and fire safety equipment, are up to code. 

Licensed hosts must provide their guests with a detailed rental agreement outlining the terms and conditions of the rental, as well as any policies or procedures that apply to the rental space. 

By making sure your host is properly licensed before renting an Airbnb in Kansas City, you can rest assured that both you and your guests will have a safe and enjoyable experience. 

Final Remarks

It is essential for both hosts and guests to be aware of the licensing requirements when renting an Airbnb in Kansas City. 

Having a license helps protect all parties involved by ensuring that everyone meets certain standards, providing assurance that the rental space meets safety and quality requirements, and promoting security for renters and hosts. 

Before listing your property on an unlicensed Airbnb service, make sure you take steps like researching legal requirements, obtaining necessary licenses, and creating a comprehensive rental agreement. 

Following these tips will help ensure you have a safe and enjoyable experience with every one of your rentals!

Enhance your investment experience by exploring
profitable markets in Kansas City!

Categories
Airbnb Rules All About Airbnb

Legalities of Airbnb API Scraping

Airbnb API Scraping

Key Takeaway

Data scraping has often been demonized in light of the paranoia about data sensitivity. While data sensitivity should be observed, data scraping is a legitimate tool that aims to democratize information that can guide a lot of Airbnb investors and hosts.

Introduction

Data scraping is a technique used to collect data from different sources, such as websites like Airbnb, and analyze it to gain insights and make informed business decisions. 

But a lot of Airbnb investors and hosts are doubtful of the practice of Airbnb data scraping due to ethical and legal concerns. This is understandable since the handling of data has been a very sensitive subject in recent years. Is data scraping allowed? Will you be jailed or fined for scraping or even holding such data?

In this article, we will learn about the legality of Airbnb API scraping. We will also touch on a few global corporations that have been engaged in and profiting billions of dollars from the practice of data scraping.

Is it legal to scrape Airbnb data?

Yes, scraping Airbnb Data is legally allowed. If you want to know the specifics of it, here are a few points that can clarify the legality of data scraping:

I. Binding Agreement

Airbnb has a section on data scraping in its Terms and Conditions:

Airbnb API Scraping

However, terms and conditions posted on websites require the agreement of both parties to be legally binding – in this case: Airbnb and data platforms. So how can we prove that both parties come to an agreement? Here are the 2 ways to express concurrence:

1. Browsewrap Agreement – Most websites use this form because of its sheer convenience. This agreement is seen to be made as long as the user is on the website. 

The website owner has the burden of proof to show that the user is aware of the terms and conditions. And let’s admit it: who takes the time to visit, even read, and mostly understand a website’s terms and conditions? This is the simple reason why most courts do not see browsewrap as a legally binding agreement.

2. Clickwrap Agreement – This is seen as a foolproof agreement between website owners and users. Users must click a button or checkbox usually placed at the bottom of the terms and conditions. Usually, clickwrap agreements happen once a user creates an account on the website. In fact, Airbnb has won a case at Florida Supreme Court on the basis of its use of the clickwrap agreement. 

However, data scraping is an automated process that does not require a log-in use. This means that users do not express consent to the website’s specific terms and conditions. But if the terms and conditions are not agreed upon by both parties, can website owners still sue people who scrape publicly available data?

II. Publicly Available Data 

The US Ninth Circle of Appeals has made a landmark ruling: Scraping publicly available data is legal. The legal question of whether the practice of scraping publicly accessible data was already resolved in the HiQ Labs v. Linkedin case. 

HiQ Labs is a data analytics company that scrapes publicly available data from LinkedIn profiles to provide insights to its clients. LinkedIn then argued that the scraping violated its terms of service and constituted a violation of the Computer Fraud and Abuse Act, which has a provision for hacking. Linkedin claimed that scraping was equivalent to hacking since it was already a violation of its terms of service, just like what Airbnb has with its terms and conditions above. 

The Court found Linkedin’s argument a bit of a stretch. Since Linkedin invoked the CFAA, the Court clarified that the CFAA was “a statute designed to prevent unlawful intrusion into otherwise inaccessible computers” This affirmed that data scraping is, in no way, a form of hacking since the data involved is publicly available. 

The CFAA, however, is understandably strict with data “containing national security information or financial data and those operated by or on behalf of the government.” API scraping of short-term rental data analytics companies does not even touch national security concerns, thus making it legally permissible. 

This landmark case finally shed a light on the legality of scraping publicly available data. But who really owns data scraped by short-term rental analytics companies: Airbnb or its users?

III. Copyright 

You might be thinking that since the data comes from Airbnb, the company owns them outright.  But facts or data cannot be copyrighted in the United States. Airbnb is headquartered in the US.  

While Airbnb has its own database, the company has to meet minimum requirements for copyright protection. This is clarified in the case of Feist Publications, Inc. v. Rural Telephone Service Co. 

Feist Publications, a publisher of directories, had copied a substantial portion of Rural Telephone Service Company’s directory into its own publication without permission. Rural Telephone Service Company sued Feist for copyright infringement, arguing that the white pages directory was a “compilation” and therefore protected by copyright.

However, originality is the minimum requirement for copyright protection. This is what Rural Telephone failed to prove. The Court states: “[s]ince facts do not owe their origin to an act of authorship, they are not original and, thus, are not copyrightable.” The same is also applied to Airbnb since its database merely holds information only original to the facts themselves.

In 1991, the Feist v. Rural Telephone decision established an important precedent for copyright law, clarifying that not all compilations are eligible for copyright protection and that compilations must have originality and creativity to be protected. This ruling also had a significant impact on the publishing industry, as it allowed for greater freedom in using and republishing factual information, just like in the case of short-term rental data analytics companies. 

IV. Fair-Use

Even if we live in a world where Airbnb data is protected by copyright, we could still have another legal doctrine as a recourse. Fair use permits the unlicensed use of copyrighted materials, of course, in allowable circumstances. In short-term rental data analytics, such applicable factors are:

1. “Transformative” use – Short-term rental data analytics companies do not just scrape data from Airbnb. They make these data easily understandable and available to the general public by creating web applications. Just by looking at multiple data analytics apps, you can see how Airbnb datasets are transformed and presented in their own ways.

2. Creative expression – Creativity is an essential ingredient in making a successful app that stands out from the competition, engages users, and delivers value. By using creativity to enhance the UI/UX design, features & functionality, branding & marketing, and problem-solving, app developers can create a product that is both innovative and memorable.

3. Benefit to the market  – The benefit of fair use to the market is allowing for the creation of new works that build upon existing copyrighted material, which can lead to innovation and economic growth. Of course, fair use is not applicable if you intend to compete against the copyright owners. This is not the case with short-term rental analytics companies. What they do is the opposite: they encourage more people to stay on Airbnb platform by guiding them to earn more revenue. This is a win-win situation for both Airbnb and data analytics companies.

Financial Corporations and Data Scraping

Financial and media companies are the pioneers of data scraping, which has given them huge profit margins. Only a few people know that data scraping has been around for decades.

In fact, the finance sector pioneered this practice by scraping data from stock exchanges, banking institutions (investment, commercial, and central banks), and rating institutions worldwide. Below are some of the companies that have built a fortune on data scraping:

Data Company Subscription
Bloomberg $27,660 (yearly)
Reuters Eikon $22,000 (yearly)
Standard and Poor’s Capital IQ $30,000 (yearly)
FactSet $12,000 (yearly)

Conclusion

The discussion on data scraping has been around for a long time. It has often been demonized in light of the paranoia about data sensitivity. While data sensitivity should be observed, data scraping is an important tool that aims to democratize information that can guide a lot of Airbnb investors and hosts.

We have learned that big corporations have been doing data scraping and have been operating without any legal implications. The same condition should also be applied to data startup companies.

Data scraping has, of course, limitations. It is not supposed to include personal information about someone. But this is not covered by Airbnb API data scraping. The information on Airbnbl data analytics is already publicly available. These include the number of listings, occupancy rate, nightly rate, and seasonality, among others. So rest assured that you are legally allowed to use an Airbnb analytics tool.

Categories
Airbnb Rules All About Airbnb

What You Need to Know About the Airbnb Regulations NYC 2022

On the Monday afternoon of December 5, 2022, the New York City officials held a public debate with multiple property owners over the proposed New York City short-term rental law. The Airbnb regulations NYC is expected to shut down more than 10,000 Airbnb listings in the city while also making it difficult for hosts to list their apartments on short-term rental platforms.

According to an official post in the NYC Office of Special Enforcement, all short-term rental hosts will be required to register with the Mayor’s Office of Special Enforcement (OSE). The booking platforms such as Airbnb, VRBO, Booking.com, and more are also prohibited by the government officials to allow transactions from unregistered short-term rentals. The regulations include the following Airbnb NYC rules: 

  • All short-term rentals must be registered in the Office of Special Enforcement
  • Hosts are required to list the full legal name of all permanent occupants of the dwelling along with their relationship with the host.
  • Hosts should provide their lease if they are renting to certify that they understand the zoning requirements.
  • A registered host is not allowed to give rentee an exclusive access to a dwelling.
  • A short-term rental can only be rented if the host is within the same property.  

These are only among the many rules enforced by OSE. For more information, you can visit their website at nyc.gov. The implementation of this new law will begin on January 9, 2023.   

Hosts who fail to comply with the requirements will face penalties enforced by the law and would have to pay a $5,000 fine for their transgression. As for the booking service, they would be fined $1,500 per violation

Mayor Eric Adams’ Office of Special Enforcement informs concerned parties that the legislation is created to strengthen the enforcement of existing laws and apply stricter measures. The former law being the one passed under former Mayor Bill de Blasio wherein it is stated that renting out an apartment or other dwelling unit is illegal without the presence of the host.

As the enforcing body, OSE is in charge of regulating the home-sharing industry in New York City and they would be responsible for vetting the registration process as well as enforcing the rules. Along with this, OSE is also responsible for alerting the landlords and building owners on how they can apply to prohibit short-term rentals on their property.  

airbnb regulations nyc

airbnb regulations nyc
Photo taken from Bebeto Matthews/Associated Press

Airbnb and hosts reaction to New York City Short-Term Rental Law 

As expected, the short-term rental hosts and Airbnb itself didn’t take the new regulation well. When OSE opened its site to hear the public’s opinion on the matter, hundreds of hosts around the city submitted their comments in hopes of being heard. 

One Queen-based Airbnb host named Aimee Thrasher argued that the social security and pension hardly cover her cost of living in New York and without her income from her Airbnb, she wouldn’t be able to pay for the mortgage and she would likely lose her home. Similar cases had been put forward by other hosts as well. Airbnb is also forced to comment on the matter. 

According to the New York Post, Airbnb already reviewed the regulations and described the law as “draconian” for its harsh and severe nature. Airbnb’s spokesperson even said: 

“The bill passed by the DeBlasio administration, as interpreted by the Office of Special Enforcement, will create a draconian and unworkable registration system that will prevent lawful and responsible hosts from listing their homes at a time when New York families are navigating the rising cost of living.” 

In the words of Airbnb’s spokesperson, they will continue to engage in conversation with Adams’ administration to enforce a regulatory framework that will target illegal hotel operators and support responsible short-term rental hosts. 

While Airbnb and its hosts are in turmoil, hotels across the city are giving their full support to the city council in reinforcing the Airbnb laws in NYC. 

According to Vijay Dandapani, the President of the Hotel Association of New York City, “We are fully supportive of the City’s Local Law 18 which will require registration of short-term rentals,”

Numerous hotels and unions that represent the hotel workers have long been advocating for a stricter rule on short-term rental properties since having Airbnb around cuts into their market share. Furthermore, hotel associations reason that Airbnbs doesn’t hold the same safety standards as hotels.

Bottomline 

The Office of Special Enforcement will review all of the submitted feedback by the concerned hosts before implementing the final law on January 9, 2023.  

Airbtics
Categories
Airbnb Rules All About Airbnb

Airbnb Rules in Ireland

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! 

Airbtics
Categories
Airbnb Rules All About Airbnb

Airbnb Rules in 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
Categories
Airbnb Rules All About Airbnb

Airbnb Rules in 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
Categories
Airbnb Rules All About Airbnb

Airbnb Rules in New Orleans

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

Home > Resources > Airbnb Rules > 

Airbnb Rules in New Orleans

New Orleans rules

Airbnb Rules in New Orleans

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

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! 

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Keep Reading

Annual Airbnb Revenue in Needham massachusetts, USA

Needham, Massachusetts| Airbnb Market Data & Overview | USA Needham, Massachusetts Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Needham, …

Read More →
best places in portugal to buy property
Best Places in Porto, Portugal to Buy Airbnb Investment Property

best places in portugal to buy property Key Takeaways • Porto’s stable economic conditions, quality of life, and tourist market have helped hosts to earn …

Read More →
Annual Airbnb Revenue in North platte nebraska, USA

North Platte, Nebraska| Airbnb Market Data & Overview | USA North Platte, Nebraska Airbnb Market Data & Overview USA Is it profitable to do Airbnb …

Read More →
Annual Airbnb Revenue in Clinton washington, USA

Clinton, Washington| Airbnb Market Data & Overview | USA Clinton, Washington Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Clinton, …

Read More →
Annual Airbnb Revenue in Kings lynn and west norfolk, UK

Kings Lynn and West Norfolk| Airbnb Market Data & Overview | UK Kings Lynn and West Norfolk Airbnb Market Data & Overview UK Is it …

Read More →
Annual Airbnb Revenue in East wenatchee washington, USA

East Wenatchee, Washington| Airbnb Market Data & Overview | USA East Wenatchee, Washington Airbnb Market Data & Overview USA Is it profitable to do Airbnb …

Read More →

Airbnb Data
Airbnb Data

Join The Club!

Get a free weekly
Data-DRIVEN REPORT

will only send you value bombs

ARE YOU IN?

Get Access to our weekly data-driven airbnb report!