New Short-Term Rental Legislations in Atlanta

11 Alive News: City of Atlanta cracking down on Airbnb, short term rentals

As you know, Atlanta's short-term rental market has just been hit with a big shockwave: the city is tightening the rules on this vacation accommodation alternative. As part of the new legislation, a person can own a maximum of two short-term rentals (similar to Airbnb), one of which has to be their primary residence. Additionally, owners must be Atlanta residents, countering the number of corporate-owned, out-of-state rentals. Undoubtedly, this will result in a sharp decline in short-term rentals across the city.

It’s legislation that has been met both with thunderous applause, and frustration at the loss of revenue. There are certainly benefits to short-term rentals. That unique getaway experience when traveling truly can’t be beat. However, in the housing crisis we are currently facing, immediate action like this makes a huge impact by creating viable housing options for Atlantans struggling to find a home. Per the US Census Bureau, there has been a 37% decrease in available long-term rentals in Atlanta since 2019. Only 4.9% of rentals in the city are currently available for long-term rent. In the housing crisis we are currently facing, immediate action like this new legislation is making a huge impact by creating viable housing options for community members to help Atlanta thrive.

In the end, as frustrating as this may be for some, we have to decide what our goals here are. Are we looking to build a better community or a better revenue source? What are your thoughts? Let us know at thoughts@microlifeinstitute.org.