New rules and regulations were finalized this Tuesday adding numerous restrictions for hosts sharing their home on the ever popular short term housing service. The Los Angeles City Council voted to restrict rent controlled units from being able to be listed on Airbnb as well as limiting the number of days non-rent controlled units are allowed to be rented out.
” They are the city’s first attempt to legalize and simultaneously crack down on short-term rentals, which critics say are creating conflicts in neighborhoods and worsening the housing crisis. […] “With Los Angeles facing a housing crisis and growing homeless population, the trend of commercial Airbnb investors taking homes away from permanent residents has got to end,” Cynthia Strathmann, executive director of Strategic Actions for a Just Economy, a nonprofit in South Los Angeles, said in a statement. “The action by the LA city council today is a major step forward in addressing this growing problem.” “-CurbedLA
Check out the full article for detailed insights into these new regulations, going into effect July 2019.