Short-Term Rental Restriction Fails in San Francisco
Digested from San Francisco rejects anti-Airbnb measure
USA Today (11/4/15) Weise, Elizabeth
Last week San Francisco residents rejected Proposition F, which would have limited short-term rentals in the city to 75 days per year. Fifty-five percent of voters opposed the measure; 45 percent were in favor.
Short-term rental operator Airbnb, which would have been greatly affected by the measure, spent more than $8 million campaigning against it, while those who supported the measure (hotels, hotel unions and housing advocates) only spent about $800,000.
The regulation also had notification requirements that would have required Airbnb hosts to submit quarterly reports to the city stating how often they rented out their residence. The city, in turn, would notify landlords and neighbors that homes, rooms and apartment homes were on the short-term rental market.
Currently, those renting residences on a short-term basis must be permanent residents, registered with the city and are only allowed to rent the residence for up to 30 days. They also must pay a 14 percent hotel tax on short-term rental income.
This isnt the first time Airbnb has come under fire. Earlier this year, Santa Monica, California, instituted a regulation that requires the owner to be present during the duration of the rental. And a New York renter was evicted for profiting off short-term rental of a rent-stabilized penthouse unit.