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Denver's Airbnb Rules & Regulations
August 30, 2018
I get a lot of questions from buyers regarding Airbnb. Many are interested in purchasing a home, condo, or apartment for the sole purpose of renting it out on apps like Airbnb and VRBO to make a little extra money or cover the mortgage for a few months out of the year. And while there is nothing wrong with that, Denver has recently put some restrictions on these types of rentals.
Over the past 5 years, cities like New Orleans have had huge problems with Airbnb. In some neighborhoods, 90% of the residences were used as rentals. Neighbors complained about not having "real neighbors", renters trashing the streets, and having loud parties.
In an effort to avoid Denver neighborhoods turning into one big hotel, the city has established some laws and regulations. Here is a quick snapshot-
You must be legal residents of the United States.
The property must be your Primary Residence.
Written permission must be obtained from Landlords or Owners.
Verify that your rental is insured. Many platforms offer insurance that fulfills this requirement.
Your STR must have an operable smoke detector, carbon monoxide detector and fire extinguisher.
Obtain your Lodger's Tax ID; Hosts are responsible for collecting the 10.75% Lodger's Tax.
Obtain your Business License and post the Business File Number (BFN) in all online listings.
Adhere to Zoning Code Requirements.
For more information, you can go to the Denver county website by clicking here or contact me and I can give you my expertise and experience with assisting buyers purchase an income property.