The San Antonio City Council voted unanimously Thursday to increase the cost of permits for those operating short-term rentals, such as Airbnb and Vrbo properties. Previously, operators only had to pay $100 for a three-year permit to operate a short-term rental.
Short Term Rental owners will now be required to pay $300 for those who live on site, and $450 for those who don't reside at the property full time.
Previously, operators only had to pay $100 for a three-year permit to operate a short-term rental. To get a permit, owners also had to show proof of property insurance along with a onsite fire extinguisher and carbon monoxide detectors. Operators also had to pay a combined 16.75% in city, county and state taxes.
Even so, the new permit prices are less than the $975 District 5 Councilwoman Teri Castillo initially proposed. “With our permit fees being as low as they are, it’s an easy and profitable decision for investors and commercial businesses to use houses for short-term rentals instead of leaving them in the housing market,” the part-time math teacher said. “We need to make it less profitable for profit-seeking companies to take a scarce resource like housing and pimp it out as a small-scale hotel business instead of renting it to families in our community.
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