SHOULD CITIES & TOWNS REGULATE STRs?
In major cities throughout the United States, including Flower Mound and Lewisville Airbnb is BIG business! In 2018 Airbnbs flourished in Flower Mound and neighboring communities in Lewisville with more than 30,000 homeowners sharing their homes, and more than 24,000 guests staying in STRs (short term rentals) resulting in excess of $2.8 million in rental fees and the numbers keep growing.
WHAT'S THE PROBLEM?
Cities like Flower Mound and Lewisville do not collect hotel occupancy taxes and nobody seems to know exactly who is renting, who are the renters, how long are they staying, how are the renters finding Airbnb, and what impact does Airbnbs have on the economy, the environment, property conditions, people living in residential neighborhoods, and the other neighboring communities?
Neighborhoods are designed for residents and when owners are renting out their homes as Airbnb, neighbors begin to complain about too many occupants, too many cars parked on the streets, unidentified cars, trucks, campers, strange people, loud parties, intoxication, disturbance of the peace, crime and other safety concerns.
If property owners advertise their homes as HomeAway or Airbnb they are subject to paying local hotel tax which varies from city to city and within each state. For example, in Texas, there is a 6% hotel tax and in Flower Mound, there is a 7% hotel tax. Without regulations, neighborhoods are up for grabs, people are complaining, and taxes for some owners renting out their homes as Airbnb are not paying hotel taxes.
WHAT ARE AIRBNBS RESPONSIBILITIES?
Airbnb should have agreements in place that collects a portion of the hotel taxes for each state per the terms of their agreement and collaborate with cities and states.
WHY IS AIRBNBS BIG BUSINESS?
Making easy money is big business for supplemental income to property owners and to pay taxes to the city and state.
In Texas, the 86th Legislative Session is working on Short-term rentals and occupancy regulations. House Bills are under review at the Capitol in Austin.