Skip to Content
Central Oregon

As Bend home prices soar, interest in short-term term rental properties also on the rise

'What makes short term rentals most appealing for them is the ability to generate some rental income'

BEND, Ore. (KTVZ) --As Bend-area home prices soar to record levels, the interest in buying short-term rental properties in Bend is also on the rise, according to real estate broker David Gilmore.

"So whether someone is a big outdoor enthusiast and they’re into hiking, biking, kayaking, mountain climbing, we have all of those sports readily available in Bend," Gilmore said Wednesday.

Gilmore, who works for Coldwell Banker, Bain has been selling real estate in the Bend area since 2010. He said over the years, he’s noticed more people looking specifically for rental-ready properties.

"Many of my clients do come in from out of the area, and what makes short-term rentals most appealing for them is the ability to generate some rental income, but also the flexibility for personal use," Gilmore said.

The city of Bend currently has 1,015 short-term rental operating licenses on-file since starting the licensing program in 2015. 

Gilmore said buyers are more interested in units that are already established as a rental property.

"So most clients looking for that type of property are wanting ones with existing permits or transferable permits because they realize that the process may be quite lengthy and difficult to establish a new one," Gilmore said.

When asked if the properties Gilmore oversees have voiced concerns about short term-rental properties in their community, he acknowledged that some visitors do have a party-like mindset when staying in a short term rental, But he added that he knows conscientious owners will try to take care of those concerns.

"It’s always an unknown, as far as who’s going to be renting that particular weekend, but I think most owners try to be aware of that, to minimize the impact on surrounding neighbors," Gilmore said.

We tried to reach out to viewers who contacted NewsChannel 21 to complain about short-term rentals hurting their neighborhoods and hurting an already tight housing market, but they declined to go on camera.

There are requirements in the city rules for at least 250 feet of separation between short-term rental properties in residential zones. You can learn more about the licensing and permitting process and details here.

Bend / Business / Government-politics / Local News / News / Top Stories
Author Profile Photo

Leslie Cano

Leslie Cano is a multimedia journalist for NewsChannel 21. Learn more about Leslie here.

Comments

25 Comments

    1. Why not? As I understand it, property taxes are predicated on the appraised value at the time of sale, the more often the property sells, the more often the county gets to feed at the trough. But hey, No worries, Creepy Sleepy China Joe Obiden will fix everything!!!!!

      1. No one is talking about that dementia ridden old fart. Why do you have to bring him up so much? Are you obsessed with him? Do you love him?

      2. I’m going to call you out as not being an oregon native if you don’t even know your own states property tax code. Property tax doesn’t have anything to do with the price of a house when it resells… only when it first sells or what the assessment value was when measure 47/50 went into effect. Read up on 1990’s Measure 5 and the follow-on 47 and 50 to understand Oregon property tax code better.

      1. short term rentals are the main reason why we have such a housing crisis. They are bad for community livibility and have driven up the cost of rental housing

    1. My short term rental near Spork has had 340 nights of occupancy since Memorial Day 2020. I’m glad the city made it clear that vacationers could come during Covid….haha. I even raised the rates and still filled it.

      Now I have realtor inquiries almost weekly. And with the state middle housing bill forcing Bend to update zoning laws, I have a chance to tear it down and replace it with a four-plex and really make bank.

      I’m grateful to our progressive city and state politicians for helping me make money off of what was once a crummy old mill house.

      1. Neighbors to mine complain now and then. I’ve got a policy that if there’s a complaint I keep the deposit.

        It seems to be bachelorette parties that are the worst offenders in the noise and mess department. I hear that from the cyclepub folks too…worst customers are the same groups. I try to weed them out, but they sneak in sometimes.

  1. The city should consider requiring noise monitors for all STR’s that alert the owner and/or the city when a certain decibel level is reached in a property after 9 or 10 pm. We rented a place in Tahoe last year that had one and think it is a great idea to protect neighbors and the neighborhood. If the alarm goes off because the tenant is making a bunch of noise after hours, they risk losing their significant deposit. This would curtail the drunk trail patrons from renting within city limits and next to our neighbors with children, or those simply trying to live peaceably.

    1. Nah…we have a housing crisis because of the UGB. Which I love since it restricts supply. Open it up and homebuilders will cover the land with crappy tract home sprawl, but there will be homes.

    2. It sure contributes to the problem, doesn’t it? Everyone complains about the lack of affordable housing here, and yet we approve short-term rentals. We also have lots of hotels and motels who have to deal with the competition. Doesn’t make sense.

      1. Supply of the STR’s has been limited by the city, so those of us who have permits can print money. Hotels serve a need, but I rent to groups of 6-10 who just want to hang together and party. Makes sense…sucks for my neighbors and for those who need longer term housing, but when the city limited permits, those of us who already had them became strongly incentivized to keep them and use them to full extent. Don’t like it? Ask council to eliminate them.

        1. Yeah, they are a great investment all right. We almost had a contractor friend build a rental duplex for us perhaps 15 years ago, but decided not to….didn’t want the hassle of managing rentals.

  2. I think I will purchase about 50 tents, and set them up in public places, then rent them out to the “Short term” rental seekers, they will be nice four, and six person tents, with a bucket for indoor plumbing.
    I’m thinking around an affordable $850 a month?
    This will include a maid to come in once a month, to tidy up, and dump the bucket.

    1. don’t forget to add your sharps bin, or when moving out, you will have to pick up a big pile or needles, or just ask politely they throw them in county on site garbage receptacle that’s provided.

Leave a Reply

Skip to content