CLINTON — The city council gained some insight Tuesday about how bnb-type short-term rentals function. The council is working on developing ordinance language regulating short-term rental operations located in residential area.
Alex Lovell, owner of Grimsley’s Flowers, gave commissioners a survey on how AirBnB and Vrbo, two popular short-term rental booking companies, function. Lovell operates a short-term rental over his business and said he was notified the council might be seeking information.
Lovell said short-term rentals generally were houses, apartments or one-bedroom units typically rented for 30 days or less. The properties can be owner-occupied, owner adjacent or owner absent rentals.
“Website like AirBnb and Vrbo make short-term rentals easier and safer for both property owners and consumers,” Lovell said.
Lovell said AirBnb offers property owners reimbursement coverage for damage caused by renters. He said such services has helped increase demand for the short-term rentals.
Local governments benefit from short-term rentals through increased earnings for residents operating them, as well as taxes paid to municipalities they have agreements with and sales tax collected from visitor purchases, Lovell said. He said the typical AirBnb proprietor earns around $900 a month. Lovell said the additional income is helpful when his regular business is going through slower periods.
He added the addition of a short-term rental above his business was a plus when applying for a small business loan, citing their reliability as income generators.
• See the complete story in the Friday, Jan. 20, print edition of the Clinton Journal or now in the Journal E-Edition for subscribers.