Presentation is loading. Please wait.

Presentation is loading. Please wait.

COMMUNITY FEEDBACK SESSION The Home-Sharing Industry in Boston.

Similar presentations


Presentation on theme: "COMMUNITY FEEDBACK SESSION The Home-Sharing Industry in Boston."— Presentation transcript:

1 COMMUNITY FEEDBACK SESSION The Home-Sharing Industry in Boston

2 COMMUNITY FEEDBACK SESSION on the Home-Sharing Industry AGENDA 1.Brief background on the home-sharing industry 2.Public comment on the home-sharing industry

3 The goal of this meeting The City of Boston has been contacted by various home- sharing industry stakeholders and neighborhood representatives In response, we’ve been gathering information about the home-sharing industry This meeting is part of our effort to hear from all interested parties before we determine the role the City may play with this industry

4 What is home-sharing? Home-sharing is most commonly defined as property rentals fewer than 30 days in length Increasingly these are facilitated through internet-based platforms such as Airbnb, HomeAway, and FlipKey Facilitating platforms provide an interface similar to online hotel reservations, but the lodging is provided by individuals, rather than hotels

5 How big is home-sharing? In the past 5 years, facilitating platforms have increased the ease of offering and securing home-sharing arrangements, driving a proliferation of short-term rentals within Boston As of August, 2014: – Boston had ~2,000 home-sharing listings – Boston listed units from ~1,200 hosts – ~40,000 visitors used home-sharing options in Boston per year – ~80% of hosts rented out their primary residence

6 Where is home-sharing happening? As Airbnb’s data shows, there are listings throughout Boston, but they are most prevalent in the downtown core: Source:

7 What are other cities doing domestically? CityRegulationsTaxed Scheme Portland, OR Allowed by any Portland resident in a single family home, apartment, or condo Requires hosting resident to have a City permit, which requires landlord notification Does not allow more than 25% of units in one building to be short-term-rental permitted Hosts paying an 11.5% tax (6% city lodging and 5.5% county) San Francisco, CA Allowed by any SF resident Requires all hosts to register with the City Limits the rental of entire homes to 90 days per year; allows shared spaces, ie, part of a home, to be shared 365 days per year Requires each listing to carry $500,000 in liability insurance Establishes guidelines for enforcement by the Planning Department Taxed as hotels New York, NY Allowed for those who live in a 1 or 2 family home If dwelling is a multiple home building (3+ families), then only allowed if listing is a shared space Not allowed in rent-stabilized units Not currently taxed

8 What are other cities doing internationally? CityRegulationsTaxed Scheme Amsterdam, Netherlands Allowed only by those registered by the City as a primary resident in the particular abode (host is registered as living at address) Allowed up to 60 days per year, before the host is eligible for investigation; allows up to 4 guests at a time Homes must meet all fire and safety rules Authorities may restrict home-sharing based on prior poor behavior Violators risk fines, a bill for back-taxes, or the loss of their home All applicable taxes – income and tourist – must be paid Paris, France (Applies nationwide) Allowed in primary residences; host must live there at least 8 months per year No authorization or registration required If in secondary and other residences, subject to local law Tourist taxes are due; platforms can remit taxes on behalf of hosts Hamburg, Germany People who occasionally host do not need permission / registration if: 50% of host’s property is rented 100% of the time or; 100% of host’s property is rented 50% of the time Beyond 50% limits, host needs a permit Tourist taxes are due (unless guest is staying for business travel)

9 We want to hear from you To help us hear from all stakeholders: – Please keep comments relevant, concise (~90 seconds), and civil – Two microphones – one for comments in favor of home- sharing, one for comments against. We will alternate speakers – If you are neither for nor against, please go to either microphone Comments in favor of home-sharingComments opposed to home-sharing

10 Additional comments? Contact Eleanor Joseph at or (617)


Download ppt "COMMUNITY FEEDBACK SESSION The Home-Sharing Industry in Boston."

Similar presentations


Ads by Google