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1 RiversideCA.gov
1 RiversideCA.gov
SHORT-TERM RENTALS (STRs) UPDATE
Land Use, Sustainability, and Resilience Committee
August 14, 2023
Finance Department
RiversideCA.gov
2 Short-term rentals (STRs) defined in the Riverside
Municipal Code (19.910.200) and regulated in Title 5.
“The rental of a dwelling, or a portion thereof, by the owner to another person or group of persons for occupancy, dwelling, lodging or sleeping purposes for a period of less than 30 consecutive calendar days. The rental of units within city- approved hotels, motels, and bed-and-breakfast inns shall not be considered to be a short-term rental.”
BACKGROUND
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2 RiversideCA.gov
3 1. 10/2018: Council approved VCA for Airbnb to collect Transient Occupancy Tax (TOT).
2. 5/2019: Airbnb amended VCA requiring City to
ensure collection enforcement of TOT.
3. 11/2020: City terminated VCA and contracted with
HdL to provide TOT Management and STR services.
• During transition process City collected TOT.
4. 7/2021: HdL started STR services and collection of TOT.
DISCUSSION
RiversideCA.gov
4 AirDNA data not a true reflection of STR landscape.
AIRDNA DATA
Zip Code Area Entire Home Private Room Shared Room Total 2019 2021 2023 2019 2021 2023 2019 2021 2023 2019 2021 2023 92501 27 27 63 13 5 13 0 1 0 40 33 76
92503 8 10 41 12 16 38 7 4 0 27 30 79
92504 8 7 31 11 15 10 0 0 0 19 22 41
92505 8 10 27 18 8 8 0 0 0 26 18 35
92506 13 13 52 31 22 22 2 2 0 46 37 74
92507 17 16 60 25 27 48 2 2 1 44 45 109
92508 2 10 26 19 12 14 0 0 0 21 22 40
Citywide 83 93 300 129 105 153 11 9 1 223 207 454
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3 RiversideCA.gov
5 AirDNA HdL
Data inflated due to tracking listings that may
be advertised on multiple online platforms.
Data is tracked by property.
Data may not filter out STR’s over 30 days. Data is filtered to only include 30 days or less as defined by RMC.
Self-reporting aspect is solely at discretion of
renter (advertising entire home on one
platform vs. private room on another).
Data can be very fluid as homeowners have discretion to list and remove advertisements on any given month.
AIRDNA DATA VS. HdL DATA
RiversideCA.gov
6 Comprehensive STR platform by Deckard Technologies.
Identifies, tracks, and reports STR registrations, booking activities, licenses, and TOT.
HdL DATA
Zip Code
Area Current Balance
Due Delinquent Pending Account
w/ Client Closed Inactive Total
92501 28 2 8 7 9 54
92503 15 1 4 1 4 7 32
92504 91 2 1 3 4 20
92505 61 15 6 19
92506 26 3 9 13 14 65
92507 19 1 4 1 6 11 42
92508 71 1 4 1 5 19
Citywide 110 2 9 32 3 39 56 251
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4 RiversideCA.gov
7 1. Prior to FY 19-20, revenue reported with all City TOT.
2. Beginning FY 19-20, Hotel TOT and STR TOT separated.
3. Current FY projected increase of 52% from last FY.
REVENUE DATA AND FISCAL IMPACT
$215,334
$93,884
$209,659
$278,278
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
STR TOT Revenue by FY
FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 YTD
RiversideCA.gov
8 Strategic Priority 5 – High Performing Government
Goal 5.2 – Utilize technology, data and process improvement strategies to increase efficiencies, guide decision making and ensure services are accessible and distributed equitably throughout all geographic areas of the city.
Cross-Cutting Threads
STRATEGIC PLAN ALIGNMENT
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5 RiversideCA.gov
9 That the Land Use, Sustainability, and Resilience
Committee receive and file a report on the status of STRs operating in the City of Riverside.
RECOMMENDATIONS
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