by Jon Balilies
The City of Richmond has been discussing altering and revising regulations about short-term rentals (STR’s) and the next action will take place at the Planning Commission meeting on Tuesday afternoon (September 5th). It is an important decision because it is entirely possible the decision by the Commission and ultimately City Council could have a tremendous impact on housing availability, high sale prices, and neighborhood character.
For the last few years, the city has done a good job of holding public meetings and soliciting feedback through various methods and gathering information about short-term rental properties (like AirBnB and VRBO, etc.). Until 2020, they were technically illegal and unregulated but they did exist (they rose to a more visible status when the UCI 2015 Bike Championships came to town).
In gathering information and developing the first ordinance, the city said it wanted to find the right balance to allow property owners to take part, but also make sure it was done right to protect neighborhoods. Some other cities dove in head-first with few, if any, regulations, which led to adverse, if somewhat predictable, effects. Richmond smartly agreed to revisit the ordinance after having some time to evaluate the initial regulations. Currently, in residentially zoned areas, the city requires that owners must claim primary residence at least 185 days (just over half the year) to rent out as a STR. If the property owner has a converted garage, etc., then they may rent that out all year. In commercially- zoned areas, there is no residency requirement being proposed in the new legislation. Continue reading