AirBnB Arbitrage Opportunity in Los Angeles

[Albert Budnitskiy]

Hi All!

This is my first post on BiggerPockets as an interesting opportunity has fallen into my lap.  My neighbor is moving out of her apartment, which is rent controlled in West LA.  She is open to the idea of collaborating to Airbnb the property.  

However, I've read about the new regulations that the city enacted in December 2018 which limit the total number of days rented to 120 per year, and bars the renting of property where the resident isn't living in, not to mention banning the renting of rent controlled apartments altogether.  This all goes into affect in July. 

https://www.businessinsider.com/airbnb-vrbo-regulations-los-angeles-what-it-means-for-hosts-renters-2018-5.  

How are current AirBnb'ers in LA are approaching these impending regs and what options there are to keep this strategy going? 

Thanks,

Albert

[John Underwood]

@Albert Budnitskiy Renting a property as a STR when the laws are against it is one then but to try and sublease out a rent controlled apartment would likely really get you in even more hot water.

I wouldn't even attempt to do this given the situation.