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The short-term rentals working group of Little Rock's Planning Commission held its first meeting April 20. Little Rock is expected within the next several months to review an ordinance on setting regulations for short-term rentals.
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Hot Springs has proposed a draft ordinance that would cap the number of short-term rental businesses at 1,000 in the city's five residential zoning designations.Īn ordinance adopted in March put a four-month moratorium on short-term rental licenses prohibited short-term residential rental businesses, which the ordinance defined as accommodations offered for periods of not more than 30 days, from operating in the city without a business license and established an annual tax of $50 per bed. No parties are allowed, and parking is limited by the underlying zoning district.
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Operators also will have to pay the city's 2% hotel, motel and restaurant sales tax, get insurance and have a representative who can be on-site within three hours in case of emergency.Ī maximum of two people per bedroom can stay in a home. Anyone operating such a rental in a zoning district that doesn't allow hotels will have to obtain a business license and a building safety inspection from the city. "We should follow others because we don't have the market that other, larger cities have."įayetteville's City Council voted last month, after several amendments, to approve regulations for short-term rentals. "I don't think we should be the city that blazes the trail," Council Member Terry Williams said. Multiple City Council members said during the meeting that they would not vote for the ordinance because they didn't want Maumelle to be the city leading the charge when it comes to regulation of short-term rentals. "The concern is events will grow if it's not addressed."
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Wedding venues have also been rented out like this as well, and it's not fair to the people who have invested in homes that they thought were going to be in a residential area. "It's difficult to track right now to tell if this house is an Airbnb or not. "We have seen on social media houses being rented out for parties where they are charging money for entry," Krebs said. The need for regulation arises out of concerns about noise complaints and unregulated events that could be held in neighborhoods, City Attorney Melissa Krebs said.
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Maumelle's City Council last Monday voted down an ordinance that would have required that properties offered for short-term rental be registered with the city and regulated in relation to events permitted on the properties.Ĭity code doesn't currently specify which rental properties are required to register as businesses. "That is one of the major reasons they are creating ordinances, so they can tax them like a hotel," he said. Gatlin said short-term rental organizations such as Airbnb and Vrbo collect state taxes automatically, but municipal taxes have been left up to individual cities. Yet along with the rise of such properties nationally comes an increase in the number of cities concerned about the effect that short-term rentals are having on local tax revenue, as well as how the industry can turn residential homes into commercial enterprises with little government oversight. "We actually expanded to Hot Springs and are taking on another four properties in Texarkana, and took on one in Florida as well. "We just now opened up to manage other people's properties in January and added 14 properties," he said. Gatlin and his wife listed eight properties on Airbnb about eight years ago, and since then Hosting NWA has grown into a full-service vacation rental management company with more than 20 properties statewide. "Definitely feels like that, the way vacations and vacation rentals are going, because even though there isn't as much service as a hotel, it's still your own private place, usually in a good location, and the feel of it people seem to love." "We think this is the future," Nick Gatlin said. Short-term rentals are attractive to property owners because they often offer a better return than long-term rentals, according to Nick Gatlin, who along with his wife, Danielle, operates Hosting NWA. Online marketplaces such as Airbnb and Vrbo have found a niche listing short-term rental properties that are often used for vacation or other activities, but the rise in popularity comes with concerns about how the properties affect local tax revenue. Short-term rental properties are a growing industry in Arkansas, which is leading some cities to look at ways to implement regulations on the properties.