HomeMy WebLinkAbout07-06-2021 Short-Term RentalsShort-term Rental
Policy Discussion
6 July 2021
CITY OF
Federal Way
Presentation Outline
• What is a Short-term Rental?
• Why might short-term rentals be a problem?
• What are the Policy Alternatives?
• What are the Policy Considerations?
• What potential limitations might be pursued by the
City?
• Alternatives for Consideration
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Ci7Y OF
Federal Way
Defining Short -Term Rental
• "Short -Term Rentals" shall include Airbnb, FlipKey,
HomeAway, Vrbo, and other internet-based short-
term vacation rental platforms as well as private
parties utilizing dwellings in the City for short-term
rentals.
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UTY OF
Federal Way
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Why Might Short -Term Rentals be
a Problem?
• Growth in short-term rentals
• Collecting missed revenue
• Controlling nuisance Issues
• Limiting community Impacts
• Protection of health and safety
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Ci7Y OF
Federal Way
Listed Short -Term Rentals
•' Show Polygon
Show Polygon • 250m
• Tripadvisor-owned
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• Priceline-owned
516
• Other
• Expedia-owned
• Airbnb
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Median Nightly Rate
(USD)
$97
Unit Types
Source: Granicus.com, April 2021
Partial Homes
Entire Homes
Unknown Room Type
Policy Alternatives
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Prohibit Limit
Monitor - no
1. By Zone regulations
2. Owner occupancy
3. Max # of bedrooms
4. Max # of vehicles
5. Max/Min # of nights
6. Permitting/Licensing
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CITY OF
Federal Way
Policy Considerations
• Create a legitimate process that can be followed and monitored
Create a level playing field between short-term rentals and other
vacation/travel choices such as hotels
• Minimize nuisances and neighborhood disruptions
• Allow residents the opportunity to gain income from their residence
• Minimize risks to public safety
• Create a straight -forward process that can be enforced by the City
with existing resources
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Ci7Y OF
Federal Way
Questions?
1. Does the City want to impose additional limitations on STRs?
2. Some Combination of the following topics could be incorporated into new
legislation:
Limit zones?
* Cap by SF zone?
* Owner occupancy?
* Limit number of bedrooms and/or occupants?
* Require Business License?
* Require Permit?
* Limit # of vehicles?
* Require Notice (adjacent properties)?
* Require guest logbook?
* Require operational landline?
* Require safety Inspection?
* Applied to all dwellings including apartments?
CITY OF
Federal Way
Light Touch
1. Business License
2. Require Permit
3 Alternatives
Moderate Regulations
1. Business License
2. Require Permit
3. Tie parking to # of
bedrooms rented
4. Require logbook
Heavy Regulations
1.
Business License
2.
Require Permit
3.
Tie parking to # of
bedrooms rented
4.
Require logbook
5.
Cap by zone
6.
Limit # of occupants
7.
Require Safety
Inspections
8.
Require operational
landline
9.
Limit by Zone
Federal Way
