Council's Proposed Short-Term Rental Law Could Rattle Cleveland's Airbnb Market

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Kerry Mccormack Nachrichten

Jenny Spencer,Airbnb,City Council

On most days in Cleveland, there are some 3,500 listings for short-term rentals, half of which are occupied on average, giving homeowners extra cash in their pockets, or real estate investors a leg of income.

Legislation would ban stays over 30 days, require hosts to acquire a license, limit the number of guests, and restrict the amount of short-term rentals in any given area/building

The move, years after Council passed a lighter measure in 2016, is necessary, McCormack said, to weed out both bad actors herding good properties away from home-seekers and put the kibosh on noisy and unruly Airbnbers causing apparent havoc to neighbors. Or, will a flood of Airbnbs, maintain the same culture."Transient visitors taking the place of permanent residents can destroy the unity," the legislation reads,"communication and accountability between permanent residents ... and contributes to the shortage of affordable housing."

For McCormack, who can rattle off a long list of incidents of property damage or odd party shootings at Airbnbs in Ohio City, forcing a license should help curtail misuse and heinous behavior. And for any violations? A $150 fine, and $500 for any following. Quite a difference from $1,200 a month, Cleveland's current median rent for long-term, full-time rentals.

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