New restrictions on Airbnb and similar services in Los Angeles went into effect this week, driven by complaints that an explosion of short-term rentals has turned apartment buildings into hotels and pinched the city’s already tight housing supply. In a 2017 report, the city’s planning department said between 6,000 to 10,000 units that otherwise likely would have been rented to long-term tenants were being used primarily as short-term rentals. What’s not allowedThe home-sharing ordinance bars any type of short-term rentals of properties other than someone’s primary residence. Therefore, homeowners can only register one home-sharing property with the city – those who own second homes or investment properties can rent only to long-term residents. How it will be enforcedOnce registered with the city, a host will be given a home-sharing registration number to post on all listings or advertisements.

Source: The Star July 05, 2019 03:22 UTC