Monthly Archives: February 2020

Denver STRAC Meetings – Make Your Voice Heard!

Photo by Miguel Henriques on Unsplash

3 Ways to Make Your Voice Heard and show how short-term rentals help support our families, jobs, local neighborhood businesses, and the City’s growth.

#1) Attend and speak at the next STRAC meeting:  
There are opportunities for public comment at these meetings and it is important for your voice to be heard.

Upcoming STRAC (Short-Term Rental Advisory Committee) Meetings:

  • Tuesday, April 14
  • Tuesday, June 9
  • Tuesday, August 11
  • Tuesday, October 13
  • Tuesday, December 8

#2) Speak at City Council Meetings:
Denver City Council meetings take place twice a month on the first and third Monday.  Each speaker gets 3 minutes to speak.  All details can be found here.  If you are interested in learning more and getting involved please email milehighhosts@gmail.com.

#3) Schedule Coffee with your City Council Member:
Email milehighhosts@gmail.com and we will help you schedule a 1:1 appointment with your city council member.  They are happy to meet with you as this is part of their responsibility as representatives of us all.

Best Practice Tips for Hosts: Talk To Your Neighbors

Photo by Christian Stahl on Unsplash

Tell your neighbors you’re operating a short-term rental at your property while away and give them a number to call if any problems or concerns arise. 311 is not currently routing calls to hosts so this helps until a better solution can be put into practice.

Airbnb provides the below guide. Click the image to enlarge the copy.

Local Business Spotlight: Joyful Soul

Photo by JESHOOTS.COM on Unsplash

A Story of Economic Success

Joyful Soul

www.joyfulsoulcleaning.com
Owner: Kayla Darling
Year opened: 2017
Number of employees: 12

Denver is home to some incredible vendors who work hard to ensure that home-sharing can be an excellent experience for hosts, guests and the community at large. One of the key players in your home-sharing success is the cleaning company you choose to hire. Joyful Soul Cleaning mainly employs single mothers.  Their team is skillfully trained to pay attention to the unique details of your property, send you important reports as well as make your home beautifully guest-ready. Joyful Soul Cleaning’s hard work is reflected in the 5-star reviews they consistently help to generate for their customers’ listings.

STR’s Effect on Housing Affordability

Studies Show STRs Modestly Impact Housing Affordability

One of the hottest topics of debate is that short-term rentals (STRs) are to blame for increased pricing and a lack of affordable housing. Some cities, including Denver, claim that the reason they chose the primary residence requirement was to protect housing affordability. However, EXL’s own study contradicts the common misconceptions that STRs are to blame for the lack of affordable housing.

In a Wall Street Journal article published in November of 2019, it was reported that STRs have not significantly contributed to the rise in American housing costs, according to a nationwide study by Oxford Economics. “In the first such study to cover every U.S. county where data was available, the report found that over a four-year period only 0.2 percentage point of the 4.3% rise in inflation-adjusted rent could be attributed to the effects of short-term rentals. For home sales, the increase amounts to less than $9 on the average monthly mortgage payment.”

In April of 2019, Excise & Licenses hired Denver Economic Development and Opportunity to research the impact of STRs on the housing marketing. The findings showed that STRs make up 1% of the housing supply and therefore the report concluded that STR’s do not impact housing prices nor rents.

It’s time to put the affordable housing argument to rest. It’s time to find a way to allow citizens to practice their rights while also ensuring outside investors can’t just swoop up the block.