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Short Term Rental Task Force

City Councilor Diane Gibson established the Short Term Rental Task Force (via R-18-49) in order to take a comprehensive look at the best practices across the country.

Legislation

In response to the recommendations of the Short Term Rental (STR) Task Force, Councilor Gibson is proposing to require a permit for Short Term Rentals in Albuquerque. This bill, O-20-30, will be on the Letter of Introduction at Monday, August 17, 2020 City Council Meeting and will be referred to the September 14, 2020 Finance and Government Operations Committee Meeting. The bill follows the recommendations of the STR Task Force, see below for a comparison table of the STR Task Force recommendations and the bill, a link to the bill, and the Fiscal Impact Analysis (FIA). The FIA was requested during the drafting of the bill in order to inform the proposed permitting fee amount.  

Materials:

Please send any comments on the bill to:

Background

A short term rental is commonly defined as a rental in a single family residence or apartment of 29 days or less.  In recent years short term rentals have increased in Albuquerque and across the country. Short term rentals bring with them both benefits and challenges. Different communities across the country have taken a variety of different approaches to try to manage the impacts of short term rentals. In response to concerns within the community about Short Term Rentals and in order to take a comprehensive look at the best practices across the country (as relevant to Albuquerque); Councilor Gibson established the Short Term Rental Task Force (via R-18-49) in order to consider:

  • Options for registration of short term rentals.
  • Options for regulation of short term rentals to address concerns about safety, nuisance, and compatibility.
  • Options for the City to collect appropriate registration fees and lodging taxes.
  • Any other relevant and helpful options relating to this issue. 

The Task Force is comprised of a mix of public officials, community members, and representatives from relevant industries.

Read the Final Report

Note: The narrative in Section 3.5 was updated on June 26, 2019 to reflect a clarification in the tax language.

Public Meeting

On Tuesday March 19th, 2019, Councilor Gibson and the Short Term Rental Task Force held a public meeting regarding Short Term Rentals in Albuquerque. The meeting was held from 6:00 – 8:00 p.m. at the REALTOR® Bldg., Greater Albuquerque Association of REALTORS®, 1635 University Blvd. NE, 87102. The meeting provided an opportunity for the public to learn about what the Short Term Rental Task Force has been considering and for the Short Term Rental Task Force to get public input on what the task force has discussed and considered regarding the regulation, registration, and administration of Short Term Rentals in Albuquerque.

Resources

Project Contact Information

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Petra Morris, Council Planning Manager, 505-768-3161, [email protected]