Introduction

In Bernalillo County, New Mexico, short-term rentals (STRs), commonly referred to as "Airbnbs," are legal and subject to specific regulations. Hosts must obtain a Short-Term Rental permit from the city of Albuquerque along with a business registration, which requires submitting a fee and various documents, such as a floor plan and proof of insurance. There are specific occupancy limits, and hosts are mandated to collect a 5% Lodgers' Tax and a 1% Hospitality Fee on short-term stays. Properties that thrive here include urban apartments in Albuquerque and rural cabins that attract outdoor enthusiasts, primarily catering to tourists, particularly those visiting for events or natural attractions, though there is also significant demand from business travelers. The enforcement of regulations can vary, sometimes allowing non-compliance to go unchecked, making it essential for hosts to stay informed about local laws. The primary regulatory authority overseeing STR operations in Bernalillo County is the Bernalillo County Planning Department and the City of Albuquerque's STR office. For more details, visit the official websites: Bernalillo County Planning and City of Albuquerque STR.

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Disclaimer

Lodge Compliance is not a licensed tax or financial advisor. Therefore nothing in the above article should be construed as tax, legal, or financial advice. Contact your local tax office for information regarding your personal circumstance.

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