Montana is an attractive place for entrepreneurs to bring new business, for families to grow and flourish, for outdoor recreationists and so much more. More people are discovering the “hidden gem” that is The Treasure State. With this comes an influx of travelers who are seeking lodging options, and investors are capitalizing on this trend by buying up large swaths of housing to convert into short-term rentals. Unfortunately, taking this valuable housing off the market has had a negative impact on affordable housing options for residents and also impacts the community fabric. As the short-term rental industry continues to grow in Montana, lawmakers must consider the needs of long-term Montana residents who deserve stability and security in their neighborhoods.
When it comes to creating appropriate laws to regulate the short-term rental industry, lawmakers must strike a vital balance that prioritizes both the interests of tourists and the concerns of local communities.
We’ve actively participated in Montana’s legislative landscape, focusing on short-term rental bills in recent years. Thankfully, HB 268 – a bill that would have limited how local leaders can regulate short-term rentals – was defeated in the legislature last year. We will continue to monitor any similar legislation that is considered in the future.
In Whitefish, 75% of Airbnbs are now commercially operated – up 56% since 2019 – taking 1,067 homes off the market.
In Big Sky, 73% of Airbnbs are now commercially operated – up 38% since 2020 – taking 1,117 homes off the market.
In Bozeman, 71% of Airbnbs are now commercially operated – up 21% since 2020 – taking 928 homes off the market.
In Missoula, 75% of Airbnbs are now commercially operated – up 75% since 2020 – taking 579 homes off the market.
Lawmakers Eye Changes To Short-Term Rental Regulations
Tenants Group Calls On Bozeman To Ban Many Short-Term Rentals
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