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Because officials currently lack a good count of the number of short-term rentals operating in the city, the exact amount of revenue that could be raised by the fee is unknown.
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The proposal would levy a 3% fee on the price of a short-term rental. The revenue would go toward affordable housing.
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The St. Louis Board of Aldermen's 6th Ward alderwoman is the first Latina to serve in the legislative body.
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University City-based Matthew Chase is one of the busiest eviction attorneys in both St. Louis, St. Louis County and St. Charles County — as evidenced by the fact that many of the area’s biggest landlords have picked them as their go-to guy.
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Eviction filings have always come fast and cheap in Missouri — a legacy of Missouri’s long history of weak tenant protections. Now, eviction filings are happening faster than before the pandemic.
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The new regulations take effect no later than next year. They require permits to operate properties and limit the number of short-term rentals in a building, among other new rules.
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The regulations include requiring short-term rental operators to get a permit before leasing out their properties on Airbnb and other platforms.
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St. Louis’ assessor says some Airbnb and Vrbo hosts are running unlicensed businesses. They need to pay up.
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The Board of Aldermen returns in September, when a handful of bills designed to help tenants are likely to be introduced.
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“We’re finding that some of these short-term rentals, if not managed appropriately, can be harmful for the housing market for residents who live in our city,” said the Board of Aldermen president.