Short Term Rentals

Colorado short-term rentals (STR) is a flourishing industry. More and more Municipalities, Cities, and Districts are requiring
property owners to file proper business licenses, State Sales Tax license, and lodging taxes to operate a STR.

The rules and taxes are aimed to ensure the safety of renters and mitigate the impacts on Municipalities infrastructure, roads,
neighborhoods and housing affordability. It also creates a more level playing field for traditional hotel operators who are required
to collect a lodger’s tax.

Currently, all entities and individuals doing business in Summit County, which includes Wildernest, are required to pay sales tax.
This includes the short term rental of a property.

The BMMD Board of Directors is currently studying the issue and the impacts of STR’s on the Wildernest community. The laws
and regulations that govern the short-term rental market are constantly changing. As demand grows, more and more vacation
destinations are taking steps to protect residential neighborhoods and guests alike. The BMMD will continue research of
what type of rules fit best for the Wildernest community.

BMMD will continue to communicate with residents about any potential regulation on the STR industry in Wildernest. We welcome
your input and opinions on this topic. You can email your comments to shellie@bmmd.org.