Is Airbnb legal in Anaheim?
The answer is, of course, yes. The new legislation reverses a 2016 restriction on short-term rentals and phases them out. The 2016 STR limitation was difficult to execute due to decades of ongoing operations by STR owners. Under Anaheim Airbnb rules most STRs conform to strict requirements and good neighbor policies. Yet, the current policy still prohibits the establishment of entirely new short-term rentals.
There are currently 1,257 Airbnb listings in Anaheim, with 6,4% of entire houses earning up to $4,508 a month, 18% managed by professionals, and 49% managed independently. Apart from complete houses, Anaheim Airbnb offerings include 12,2% of private rooms. According to short-term rental data source Airbtics, a 2-bedroom apartment in Anaheim can make up to $31,500 each year.
Here we will provide some useful information that can help you better understand the short-term rental regulations in Anaheim.
Short-Term Rentals Policy
- Allows the 235 permitted STRs to continue operating in Anaheim.
STRs must follow good neighbor rules or risk losing their permits;
- STRs must close by December 2022 in communities where homeowner associations have banned them.
- Homeowner associations may restrict STRs from operating in the city if they are shut down.
- Prevents new STRs from opening (other than relocations as noted above).
- Permitted STRs that continue to operate will pay the city’s transient occupancy tax.
Anaheim Airbnb Rules
- There must be a local contact who can respond to reported concerns and complaints within 45 minutes, 24 hours a day, 7 days a week, if necessary.
- Short-term rental owners or agents must rent their units for a least three nights.
- STR owners and operators must provide neighbors with contact information.
- Renters of an STR in Anaheim must be at least 21 years old.
- Guests must keep quiet between the hours of 10PM and 9AM.
Fees and taxes
To obtain a short-term rental permit, the following payments must be paid:
• A business license ($260).
• Permit for short-term renting ($250).
Each stay requires payment of the City’s 10% Transient Occupancy Tax (TOT).
Reference| Anaheim.net
Pros and Cons of running Airbnb in Anaheim
Now that we’ve defined vacation rentals and long-term rental properties, let’s look at each component of rental properties that explains both the benefits and drawbacks of a short-term or long-term rental.
Pros
Flexibility – You have the freedom to rent for as many days, weeks, or months as you choose. You can rent as much or as little as you want. There’s also the option of traveling at the drop of a hat and earning money while you’re at it!
Privacy – Short-Term Rentals are ideal for families. They provide guests with more privacy and space than standard hotels.
Earns more money than a long-term rental – It’s simple to calculate: 1 vacation week for $1,500 compared. $1,500 each month for a year’s rent.
Excellent Deductions – There are many popular deductions available to rental property owners. Cleaning and maintenance, insurance, management fees, and utility bills are just a few examples. With enough deductions, you may claim a loss and avoid paying taxes entirely.
Tax Breaks – Short-Term Rental Owners receive the best home-related tax breaks.
Less Wear and Tear on the Property – With renters coming and leaving regularly, you can keep up on minor repairs before they become major issues!
Social Perks – There are many intriguing individuals out there, and many of them travel! Your next Short-Term Rental acquaintances could become lifelong pals!
Cons
Less payment consistency – If you rely on a consistent income, a yearly renter is a far better bet. There is a chance you will go weeks or months without a Short-Term Renter.
Must cover the utilities – Utility costs are usually paid by long-term renters. Short-term tenants do not.
Increased risk – Due to the sheer volume of people passing through your doors, there is a higher likelihood of theft, breakage, or problem renters.
Requires extra effort – In most cases, you become the innkeeper. You’ll be in charge of collecting rent, scheduling customers, and doing anything else necessary to bring in new tenants. Instead of doing it every 5 years or so, you’ll be doing it every week!
Additional maintenance expenses – As the landlord, you are responsible for housekeeping, yard work, pool maintenance, and general upkeep. Not always the case with a long-term renter.
Some HOA-managed neighborhoods make it tough and complicated to rent short-term Rentals. Everyone wants peaceful, pleasant circumstances where they feel safe and know everyone, not a constant stream of strangers in and out at all hours. They may submit complaints, and some HOAs may sue Short-Term Rental Owners.
Conclusion
If you’ve made it this far, you’re thinking of starting an Airbnb.
We’ve been assisting folks like you, who are first-time Airbnb hosts. We don’t provide consulting since we aren’t experts in running Airbnb businesses; instead, we are a data company that provides helpful information to Airbnb hosts.
You may use the Airbtics dashboard to figure out how much money you can make doing Airbnb in your city. Unlike other online Airbnb income calculators, it will provide you with a lot more useful information, such as
- which neighborhood to target,
- which amenities are in high demand,
- what is the market’s historical performance,
- what are the occupancy rates of a two-bedroom house,
- should I do a two-bedroom house or a three-bedroom house?
The tool might be a little too complex for you in that case, visit our tutorials – it will walk you through how you can get meaningful and actionable insights from the data dashboard.
Well, if you are new, there are many Airbnb host communities on Facebook. Simply type “Airbnb host” in the Facebook search, and you’ll see plenty of active communities where you can get help from experienced Airbnb hosts.
To see full data of Anaheim– Click Here
