LA County rules on short-term rentals

-

The Los Angeles County Board of Supervisors recorded new regulations for short-term rentals in areas outside city jurisdiction. Here are the main points in simpler terms:

  1. Registration and Fees: Hosts using platforms like Airbnb and VRBO must register annually and pay a fee of up to $914. This fee covers administration and enforcement costs.
  2. Residency Requirement: Short-term rentals are limited to the host’s primary residence. Accessory dwelling units and rent-controlled homes cannot be used for short-term rentals.
  3. Guest Limits and Events: There are restrictions on the number of guests, length of stay, and types of events allowed at short-term rentals.
  4. Enforcement and Appeals: Companies doing business similar to popular Airbnb must comply with these rules and set up processes to enforce them. There will be an appeals process for customers who violate these regulations.
  5. Community Involvement: The county consulted extensively with residents through meetings and webinars since August 2020 to develop these regulations.
  6. Impact and Exceptions: These rules apply only to unincorporated areas of the county and do not override city regulations. Coastal areas like Marina del Rey and Catalina Island will have separate rules from the California Coastal Commission.
  7. Support and Opposition: Various groups and individuals have expressed both support and opposition to these changes, citing concerns over neighborhood integrity and impacts on housing availability.

These measures aim to balance the benefits of short-term rentals with preserving neighborhood quality and long-term housing availability in unincorporated areas of Los Angeles County.

*This article originally created by the ABC7 News and has been rewritten for better understanding.

Location: Los Angeles, CA, USA

Comments

Post a Comment

Popular posts from this blog

California homeowner struggles to reclaim property from Airbnb renter.

-
  Nikeeta Sriram's dream of living in her Mid-Wilshire home has turned into a nightmare as she battles to reclaim it from an alleged rogue tenant. For two years, her property has been listed on Airbnb without her consent, causing significant damage and legal turmoil. The Problem Tenant Sriram, 31, bought the Mid-Wilshire home for $1.675 million in March 2022 but couldn't move in immediately due to an existing lease on another property. She decided to rent out the new home and initially chose a different tenant. However, after they moved out early, she rented it to Nicholas Jarzabek, who she thought was a perfect tenant. Jarzabek, who also goes by the musician name Nick Diver, seemed ideal. He had over $1 million in the bank and impressed Sriram during the walk-through. However, his true intentions soon became clear. Without Sriram's knowledge, he turned the property into a lucrative Airbnb rental. Discovering the Deception For the first year, Jarzabek paid rent on time and
Read more

Should you refinance if it's just 0.5% drop?

-
Image
In August loan applications reached their highest level since January of 2024. But was that driven by home-buying activity? Lowering your interest rate for at least 0.5% can be a smart move. We saw an apparent surge in home loan applications, driven not by home-buying activity but by homeowners rushing to refinance due to falling mortgage rates. The Fannie Mae Refinance Application-Level Index (RALI) showed a 32% weekly rise in refinance applications, with a 94.4% increase year-over-year. For homeowners with mortgage rates of 7-8%, refinancing to around 6% could offer significant savings. Traditional wisdom suggests that refinancing becomes worthwhile when interest rates drop by at least 0.5%. Lower mortgage rates haven't sparked homebuyer demand, likely due to unchanged housing prices, leaving analysts puzzled.
Read more