Many cities across North Texas are preparing to or have already tackled short-term rentals.
Fort Worth is in the middle of a long-term study about ways to possibly regulate short-term rental properties, such as Airbnb, and in the new year could move forward with some changes.
In September 2019, Planning & Development Director Randle Harwood estimated that there were 1,100 properties marketed as short-term rentals in the city.
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Harwood said the properties generated around $15 million in gross revenue. He estimated that if the properties paid hotel occupancy taxes, the city would net between $1 million and $1.5 million each year.
City leaders said that while many cities have found a way to collect the tax, Fort Worth does not have a mechanism to do so.
Arlington, Austin and San Antonio currently regulate short-term rentals.
“The City wants to hear from residents so existing policies can be updated and address issues to protect guests, hosts, owners and the neighboring residences,” a recent news release stated.
Residents will soon have a chance to voice their opinions about short-term rentals. The city soon re-launch a survey from The Planning and Development department.