Despite the Los Angeles City Council cracking down on Airbnb hosts in the last two years, the home sharing business is still booming, it seems. A new report by CBRE came out on January 27th indicating that in the fourth quarter of 2019, LA had the most active home sharing units in the country. Home sharing includes units from Airbnb, Homeaway, Sonder, and more.
Short Term Rental Restrictions
The city of Los Angeles has enacted a variety of rules restricting home sharing over the last few years. In July 2019, some rules that went into effect included hosts having to register with the city, renters needing landlord approval to host, and rent controlled units were banned from participating in home sharing, among other restrictions. However, these…
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