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Real Estate
Reply to "RENTERS: No license, no rent "
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[quote=Anonymous][quote=Anonymous]PP here. Let me add that there are two Airbnb basement rentals within a half block of our row home, neither is dodgy, and both bring in tens of thousands of dollars a year income. [/quote] Really, a year?! Under the new laws that started being implemented [checks the calendar] 6 months ago? Is this a projection? Let’s see how you go. Still need a license of sorts though. Under the new law, any D.C. homeowner who wants to rent out a bedroom, basement, or entire home on Airbnb or any other platform has to get a short-term rental license from DCRA. (The two-year license costs $104.50.) If the owner is present in the home during the rental (say they post their basement unit for Airbnb), they can host short-term renters as long as they want over the course of each year (but for up to 30 days each time). But if they are not present (say they are renting their primary home while they are gone during the summer), those rentals are limited to a combined 90 days each year. Short-term rental licenses are not allowed for second homes. Lawmakers crafted that distinction as part of what they said was a legislative balancing act — it allows people the ability to rent out spare bedrooms and basements to make some additional money, while preventing property owners and companies from using entire apartments and houses for short-term rentals instead of for long-term leases. [/quote]
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