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Short-Term Rental (STR) Regulations
As of 2021, Austin, TX has specific regulations in place for Short Term Rentals (STRs) that investors should be aware of before purchasing a property for this purpose. Some key regulations include:
1. Type 1 and Type 2 STRs: Austin differentiates between Type 1 (owner-occupied) and Type 2 (non-owner-occupied) STRs. Type 1 STRs are limited to 30 days per year when the owner is not present, while Type 2 STRs have no limit on the number of days they can be rented out.
2. Licensing and Permitting: All STRs in Austin must be licensed and permitted by the city. This includes obtaining a Short Term Rental License and a Building Permit for the property.
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