News

Check out market updates

Denver enforcing ban on listing investment properties on Airbnb

By BizWest Staff

DENVER — Officials are cracking down on Denver landlords posting investment properties on Airbnb. Six months ago, the city banned renting out investment properties for less than 30 days and now it’s enforcing the regulations by making suspected Airbnb hosts prove they actually live at the property with a driver’s license or other official documents, BusinessDen reports. So far, five hearings have been scheduled with more planned for the fall. The local short-term rental ordinance also requires landlords to register for a business license and collect taxes — something that has brought Denver $600,000 in revenue in 2017. Of the 2,808 short-term rentals listed on AirBnb as of June, more than 60 percent have a business license, the city said. About 52 properties have been audited since the ordinance passed, most of which were prompted by complaints.

The post Denver enforcing ban on listing investment properties on Airbnb appeared first on BizWest.

Source:: BizWest

Xceligent Login