CorporateHousingSolutions.com | Dec. 15, 2017
Denver has recently extended its Lodgers Tax to AirBnB rentals meaning the price for short-term, vacation rentals are expected to go up as a result. Renters are having to up their rates in an effort to mitigate the tax liability. The Denver Post reports,
“Denver is doing a poor job of tracking and enforcing its new short-term rental regulations, the city auditor says, with some applicants receiving licenses they shouldn’t have, putting the city at risk for a lawsuit.
The findings, released Thursday, come a year after the Denver City Council passed regulations for short-term rentals allowing the rental of a primary residence for 30 days or less and requiring hosts to collect the 10.75 percent lodger’s tax from guests. The tax has generated nearly $2 million since January — a figure that’s expected to rise.” (Denver Post)
While this has made it more difficult to find affordable short-term housing in the Denver area, there are other options.
Executive Rentals in Denver
Executive rental companies are reportedly not affected by the Lodgers tax. Which is great news for company executives that want to take advantage of a short-term rentals in the Denver area without the addition of these new taxes.
Companies like Corporate Housing Solutions who offer a wide range of furnished homes, apartments and condos for short-term rentals can still offer their same prices. Anyone who has looked into BnB rentals knows that you often pay extremely high prices usually by the week. Utilizing an executive rental instead of a short-term BnB rental can save a company money while putting employees in temporary housing in the Denver metro area. In addition, Short-term Executive Rentals, can be leased out by the month and longer if necessary.
While it can be hard to find good housing for temporary employee stays it is best to avoid these BnB rentals and utilize companies that specialize and cater to executive rentals in the Denver area.