Reply to RENTERS: No license, no rent

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[quote=Anonymous][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]

Man you really are clueless.  Yes, the new law is new and less than a year old, but before then Airbnb’s WERE legal across the board and many landlords saw that they WERE making more money that way than with long term rentals AND THATS WHY THE LAW CHANGED IN THE FIRST PLACE.

If anything, the new law will make renting your basement out legally through Airbnb eve more profitable than before, not less, because there will now be fewer Airbnb’s on the market and that will drive demand, prices, and occupancy up.  The DC government estimated that changing the law would remove 79 percent of Airbnb renters from the market.  How do you think that is going to impact the remaining 21 percent?

You really need to get a clue. [/quote]

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