Updated almost 7 years ago on . Most recent reply
Calm down Los Angeles! (rent control and AirBnB)
In the span of 48 hours or less, I find out: LA county just upped rent control from 3% to 4%, and they just banned the better part of ALL vacation rentals- AirBnB, VRBO, short-term period, etc.- for investment properties, and capped owner-occupied property rentals to a certain number of days per year.
4% works well for me as a landlord, bad for me as a renter. And I had just been pondering whether I should AirBnB one of the units in my Venice duplex rather than get another long-term tenant, but now I have my answer for that.
Is it just me or did LA County just go wild with housing rules overnight? (just when I thought we skirted the rent control drama in the last election)