is it possible to airbnb a room in an RSO unit in Los Angeles city? I own a triplex and currently living in the owner occupied unit. Is it possible to airbnb a separate room??
No, they made it clear that multifamily cannot be used for short term rentals.
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@Carlos Martinez , you can rent a room in your primary residence, so if you’re referring to a bedroom in your owner-occupied unit, then the answer is YES!
You can also Airbnb the other units but only for 30 days minimum.
@Jon Schwartz you can only book multifamily units for a 30 day MINIMUM? What would be the difference between this and a normal month to month lease?
@Rudy Necoechea there is no difference than renting month to month. The City has made it clear that RSO units cannot be used for Airbnb. Los Angeles County alone is short something like 500,000 units to house people. The City needs the inventory for their permanent residences. I'm all for property rights and being able to do what you want with the property, but I do understand their position. They are working on provisions to make exceptions if you live there and you are renting the SAME unit (a bedroom in your unit for example). However I haven't read any language that says you can yet.
Here is a link from the City: https://planning.lacity.org/od...
Also in case anyone was wondering, ADU cannot be used for short term rentals either. Although people do. It really comes down to getting caught.
@Rick Albert that makes perfect sense thank you!
With all that said, is Airbnb arbitrage a real thing in your experience? (Renting to rent)
Only one of my investors has been approached by a tenant to use that strategy. Otherwise I don't know anyone who has done it. It's a strategy that makes sense, but as a landlord would want to make sure I'm protected (appropriate leases, insurance, etc).