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Short-Term Rental (STR) Regulations
In Albuquerque, NM, Short Term Rentals (STRs) are regulated by the city's zoning and licensing laws. Here are some key regulations that an investor should be aware of before purchasing a property for STR purposes:
1. Zoning Restrictions: The city of Albuquerque has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Licensing Requirements: In order to operate a STR in Albuquerque, property owners must obtain a Short-Term Rental Permit from the city. This permit must be renewed annually and failure to obtain the necessary permit can result in fines and penalties.
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