Protect Los Angeles Vacation Rentals

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Los Angeles is a major tourist destination for the State of California. People choose to visit Los Angeles for its vibrant culture, often choosing to stay in vacation rental homes for a uniquely authentic LA experience. In addition to providing lodging options for travelers, vacation rentals generate extra income for homeowners and families, improve neighborhoods, support local jobs, and spread tourism dollars across the city.

LATEST NEWS

As California rolls out short-term rental regulations, investors look elsewhere

inman.com    11-12-2019

California is a patchwork of regulations when it comes to short-term rentals, but real estate professionals on the front lines are already seeing impacts in the market.

Short-term rental restrictions eased in Los Angeles

connect.media    11-01-2019

The Los Angeles City Council voted to approve a softer version of the Rent Stabilization Ordinance that went into effect in July.

Marina green-lights short-term rentals, with some conditions

montereycountyweekly.com    10-17-2019

Marina is becoming the next city to legalize and regulate short-term rentals. Marina City Council voted 4-1 on Oct. 11 to approve an ordinance permitting short-term rentals in the city, with some changes to an earlier version of the ordinance first approved in September.

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FACTS ABOUT LOS ANGELES VACATION RENTALS

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FACTS ABOUT LOS ANGELES VACATION RENTALS

SUPPORTING GOOD JOBS


Vacation rentals in Los Angeles supported over 14,000 jobs in 2016, including those like cleaning services, landscapers, contractors, and the local retail stores and restaurants that benefit from vacation rentals.

ALLOWING LOCALS TO EARN EXTRA INCOME


93% of vacation rental owners and managers are residents of Los Angeles. 89% of vacation rental owners in Los Angeles own 1-3 properties. By renting these properties to travelers, these local residents earn extra income to cover their mortgage, pay for their child's education, and save for retirement.

DRIVING ECONOMIC BENEFITS


In 2016, vacation rentals in Los Angeles generated $1.5 billion in economic activity.

SUPPORTING LOCAL BUSINESSES


In 2016, visitors who stayed in vacation rentals spent $583.7 million on local transportation, food, beverage, and entertainment.

WHAT LOCALS ARE SAYING ABOUT VACATION RENTALS

“I was in my late fifties when I lost my job in the economic crash of 2008. Being able to vacation rent my property saved me financially from inevitable bankruptcy and foreclosure.”


LA Vacation Rental Owner

“The funds generated from the venture has allowed me to continue to make improvements to a property that was previously an eyesore on the street and a magnet for trash to be abandoned on the property. My neighbors love what I have done for the beautification of the street.”


LA Vacation Rental Owner

“We employ a crew of house cleaners, gardeners, and various handymen who benefit from our rental, supporting the local economy.”


LA Vacation Rental Owner