HomeMy WebLinkAbout3A - PresentationVacation Rentals
City Council 11/10/22
Item 3A
OFFICE OF
SPECIAL
PROGRAMS 3A - 1
Vacation RentalMultiple Property Owners
OFFICE OF
SPECIAL
PROGRAMS
23 Permit Holders 2 Properties
1 Permit Holder 3 Properties
1 Permit Holder 4 Properties
1 Permit Holder 11 Properties
3A - 2
Event Homes
•Calls to Vacation Rental Hotline were reviewed
between April 2017 to August 2022
•142 calls to properties that have or have had an Event
Home License
•Unable to determine if, at the time of call, an Event
License was held
•Currently, there are 21 Vacation Rentals that hold and
Event License. 1/3 are managed by an agency
OFFICE OF
SPECIAL
PROGRAMS 3A - 3
Event Homes
•Calls to Vacation Rental Hotline were reviewed
between April 2017 to August 2022
•142 calls to properties that have or have had an
Event Home License
•14 citations issued
•(3) for too many vehicles
•(10) for music violations
•(1) for multiple [vehicles and music]
OFFICE OF
SPECIAL
PROGRAMS 3A - 4
Event Homes
•Calls to Vacation Rental Hotline were reviewed
between April 2017 to August 2022
•142 calls to properties that have or have had an
Event Home License
•16 calls mentioned “event” from the Code
Officer
•(2) citations issued for “event” violation
OFFICE OF
SPECIAL
PROGRAMS 3A - 5
Attrition
•Average attrition rate by year: 16.03%
•Attrition rate declining
OFFICE OF
SPECIAL
PROGRAMS
20.63
23.62
16.03
14.11 13.40
8.41
0.00
5.00
10.00
15.00
20.00
25.00
2017 2018 2019 2020 2021 2022
Attrition Percentage by Year
3A - 6
Closure review
•Average attrition rate by year: 16.03%
OFFICE OF
SPECIAL
PROGRAMS
Count of Properties that closed between 2017-2022 and are not operating 1301
Count of Properties that closed between 2017-2022 and are operating 462
Average Closure per property that closed 1.10
Average closure per year between 2017 and 2022 322
Review of properties that closed at a point in time and not currently operating
Closed 1 time 1221
Closed 2 times 74
Closed 3 times 6
Closed 4 times 0
Review of properties that closed at a point in time and are currently operating
Closed 1 time 390
Closed 2 times 60
Closed 3 times 10
Closed 4 times 2
3A - 7
Contract Summary Review
•The Table below states number of properties and associated number
of Contract Summary submissions
OFFICE OF
SPECIAL
PROGRAMS
Number of
Contracts 2019 2020 2021 2022
Number of
Contracts 2019 2020 2021 2022
Number of
Contracts 2019 2020 2021 2022
1 190 227 214 230 13 28 56 28 69 25 2 54 49 74
2 117 98 79 89 14 43 44 51 76 26 6 56 62 61
3 98 77 67 67 15 29 46 39 69 27 3 44 62 74
4 64 86 37 59 16 24 42 48 65 28 5 57 61 72
5 55 51 43 58 17 26 66 47 72 29 2 45 67 57
6 58 51 39 51 18 33 55 45 92 30 0 52 57 29
7 39 53 42 75 19 21 61 53 72 31 3 38 70 49
8 34 39 34 76 20 19 68 44 69 32 1 36 79 37
9 30 37 41 68 21 15 65 55 76 33 0 52 60 21
10 46 44 41 67 22 13 50 63 87 34 1 26 75 16
11 41 43 38 71 23 15 60 53 68 35 0 21 66 12
12 50 43 32 82 24 9 40 59 77 36 0 21 73 13
3A - 8
Contract Summary Review
•The Table below states number of properties and associated number
of Contract Summary submissions
OFFICE OF
SPECIAL
PROGRAMS
230
92
13
0
50
100
150
200
250
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
Contract Summaries and associated contract summary
submission
2019 2020 2021 2022
3A - 9
Contract Summaries and TOT Review
•The below table and graph illustrates Contract Summaries and TOT
revenue by fiscal year.
OFFICE OF
SPECIAL
PROGRAMS
Fiscal Year TOT Contract Summaries
2016-2017 7,580,033
2017-2018 8,352,287 22,040
2018-2019 9,276,352 33,540
2019-2020 7,451,890 39,445
2020-2021 15,366,457 72,812
2021-2022 18,284,223 56,702
2022-2023
(Jul -Sep)2,290,492 14,423
18,284,223
72,812
020,00040,00060,00080,000
05,000,00010,000,00015,000,00020,000,000
TOT and Contract Summaries by
Fiscal Year
TOT Contract Summaries
3A - 10