But overall, says auditor Tim O’Brien, “I think the city is doing a pretty good job."
The city only allows short-term rentals in a landlord’s primary residence. That's forced professional landlords to make adjustments.
Just 327 out of an estimated 3,000 hosts have obtained their short-term rental license as the city readies enforcement.
The most controversial part of the new legislation states that the necessary license will only be granted to landlords who rent out their primary residences.
- A proposal up for a final vote would legally recognize the popular alternative to hotels -- and would effectively ban many of them.Read more
With the City Council poised to take up proposed rules that would ban most vacation rentals here, the industry is making a last-minute stand.
The sharing economy is making online transactions far more personal, which can lead to some unintended consequences.
- The most controversial part of the measure -- a requirement that landlords only rent out properties they live in -- remained intact.Read more
“We're talking about big, big numbers here,” said study co-author David Corsun, an associate professor at the University of Denver.
Denver officials estimate there are about 2,000 short-term rental listings right now in city. The question: How to regulate them.