Keller - Roanoke - Northeast Fort Worth - August 2022

Short-term rentals at a glance

Nights booked over 12 months This chart breaks down the percentage of short-term rentals by the number of nights booked between August 2021-July 2022. About 26% were booked for 15 nights or less.

Deckard Technologies researched the use of short-term rentals for the city of Fort Worth between August 2021-July 2022. Here are some ndings.

$155 Average daily rate (excluding cleaning and other fees) 23.42% Occupancy rate over 12 months 40% Oer use of single bedroom spaces

10% Oer use of four or more bedrooms 33% Had ve stays or fewer over 12 months 13% Had more than 40 stays over 12 months

30%

26%

25%

20%

16%

15%

11%

10%

8.3%

7.9%

7% 6.2%

5.5% 4.8%

4.2% 3.3%

0% 5%

SOURCES: DECKARD TECHNOLOGIES, CITY OF FORT WORTHCOMMUNITY IMPACT NEWSPAPER

According to the consultant’s report, the city had the potential to collect more than $1.2 million from the esti- mated $13.3 million in revenue that short-term rental operators collected between August 2021-July 2022. Handling violations The city investigates violations to its short-term rental ordinance on a complaint basis. When it comes to short-term rentals, code enforcement ocers must conrm that a property is being used as a short-term rental before a violation can be issued. Under the city’s standards, an online listing alone cannot be used as the

basis for a violation. In FY 2020-21, the city looked into 71 complaints involving short-term rentals. Those complaints required 278 inspections by sta to conrm whether a short-term rental occurred, according to Burghdo. City sta have opened 147 cases so far in FY 2021-22 involving possible zoning violations of short-term rent- als. Those cases have required 710 inspections by sta trying to conrm a violation, according to city data. Among the city’s proposals is one requiring operators to register with the city to advertise a short-term rental with an online platform.

THE PERCENTAGES DO NOT EQUAL 100% DUE TO ROUNDING.

Number of nights booked between August 2021-July 2022 SOURCES: DECKARD TECHNOLOGIES, CITY OF FORT WORTHCOMMUNITY IMPACT NEWSPAPER

“That will make it much easier to do the enforcement,” said Shannon Elder, an assistant director with the city’s code compliance department. During a Q&A session in July, sev- eral residents spoke about a home- owners’ right to use their property as a short-term rental. “Property owners within Fort Worth are subject to zoning,” Burghdo said. “They’re not allowed to have the

short-term rental activity if their zon- ing does not allow that use.” Fort Worth City Council members are expected to reconvene in the coming weeks to discuss short-term rentals and give the public a proposed timeline for any changes.

For more information, visit communityimpact.com .

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KELLER ROANOKE NORTHEAST FORT WORTH EDITION • AUGUST 2022