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Los Angeles approves short-term rental regulations. What will they mean for you?

TO GO WITH AFP STORY by ELOI ROUYER
A woman browses the site of US home sharing giant Airbnb on a tablet in Berlin on April 28, 2016. - Berlin will from Sunday, May 1, 2016, restrict private property rentals through Airbnb and similar online platforms, threatening hefty fines in a controversial move meant to keep housing affordable for locals. (Photo by John MACDOUGALL / AFP)        (Photo credit should read JOHN MACDOUGALL/AFP/Getty Images)
JOHN MACDOUGALL/AFP/Getty Images
A woman browses the site of US home sharing giant Airbnb on a tablet in Berlin on April 28, 2016

On Tuesday, LA’s City Council approved regulations for short-term rentals such as Airbnb, restricting people to renting only their “primary residence.”

On Tuesday, LA’s City Council approved regulations for short-term rentals such as Airbnb, restricting people to renting only their “primary residence.”

This comes more than three years after the regulations were proposed and after much heated debate, with neighborhood groups and the hotel industry battling companies like HomeAway and Airbnb, as well as the people who use these platforms to rent out property.

So what exactly are these rules that will take effect in July? If you’re a host on a platform such as Airbnb, what will these restrictions mean for you? If you were a proponent of regulating short-term rentals, what do you think of the new rules?

Call us at 866-893-5722.

Guest:

Emily Alpert Reyes, reporter covering City Hall for the Los Angeles Times; she has been following the development of short-term rental regulations; she tweets

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