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<br /> <br />PREPARED BY: ARN ANDREWS, Assistant Town Manager <br /> HOLLY ZAPPALA, Management Analyst <br /> <br /> <br />Reviewed by: Town Manager, Assistant Town Manager, Finance Director, and Town Attorney <br /> <br /> <br />110 E. Main Street Los Gatos, CA 95030 ● 408-354-6832 <br /> <br />TOWN OF LOS GATOS <br />COUNCIL AGENDA REPORT <br /> <br />MEETING DATE: 10/02/2018 <br />ITEM NO: 8 <br /> <br /> <br />DATE: SEPTEMBER 27, 2018 <br />TO: MAYOR AND TOWN COUNCIL <br />FROM: LAUREL PREVETTI, TOWN MANAGER <br />SUBJECT: DISCUSS AND PROVIDE DIRECTION REGARDING POTENTIAL REGULATIONS <br />FOR SHORT-TERM RENTALS. <br /> <br />RECOMMENDATION: <br /> <br />Discuss and provide direction regarding potential regulations for short-term rentals (STRs). <br /> <br />BACKGROUND: <br /> <br />Short-term rental (STR) is the practice of renting a portion of or an entire home to a person or <br />group of people for periods of less than 30 nights. In recent years, there has been exponential <br />growth of STRs offered through “sharing economy” websites, such as Airbnb (by far the leader <br />of the group), VRBO, Flipkey, and Homeaway. To illustrate the growth in STR platforms, seven <br />million guests used Airbnb to rent out rooms or homes in California in 2017, according to Matt <br />Middlebrook, Airbnb’s Public Policy Lead for California. The growing popularity of STRs is <br />forcing municipalities across the country and the world to develop strategies in response. <br /> <br />A review of Airbnb’s website shows between 50 and 100 STR properties currently in Los Gatos. <br />The majority (about 45 percent) are guesthouses/cottages, followed by about 30 percent room <br />rentals and approximately 20 percent entire houses for rent. There were also a couple local <br />hotel rooms listed and even a camper/recreational vehicle (RV). Currently, STR listings do not <br />include the address of the rental, making them difficult to locate based on public listing <br />information; however, based on information from one popular STR information aggregator, the <br />picture below illustrates the units currently available in Los Gatos. Another STR information <br />aggregator places the STR inventory at approximately 104 units in the 95030 and 95032 zip <br />codes. <br /> <br />