Investing in Airbnb properties in Oxnard can yield high returns due to its popularity as a vacation destination.
Investors must navigate specific regulations. The city has implemented strict short-term rental (STR) ordinances, including permit caps and a 100-night annual limit for rentals in beach neighborhoods. These regulations can make it challenging to operate profitably compared to more lenient markets.
Despite these challenges, there is demand for vacation rentals in Oxnard due to its desirable location and climate. Investors who understand and comply with local rules can still find success in this market, provided they are prepared for the regulatory landscape and associated costs.
There are two types of short term rental permits available in Oxnard:
Grandfathered Short Term Rental Permit: This permit is available for property owners who consistently paid Transient Occupancy Taxes to the city since 2019 and have complied with the city’s STR regulations. Grandfathered permits do not expire as long as the permit holder remains in good standing with the city.
Temporary Short Term Rental Permit: This permit is available for property owners who operated an STR in Oxnard before March 25, 2019 but were not paying Transient Occupancy Taxes to the city. Temporary permits are non-renewable and expire after one year.