Airbnb Brings In New Billions

Airbnb Brings In New Billions

  Airbnb is not a small startup that can be casually dismissed.  It’s a snowball, now almost the size of the hotel industry.   AirBnB might not have all that much to worry about after all.  New partnerships with travel management companies and even airlines are solidifying the company’s longevity in the vacation rental industry.  So far, legislation to prohibit or regulate the site has been slow to be adopted or enforced.  Santa Monica did just receive the first payout from AirBnB for violations to city regulations.  But that sum pales in comparison to the boost they are receiving from...Read more
LA AirBnB Lawsuits

LA AirBnB Lawsuits

  Lawsuits are beginning to emerge in Los Angeles county as city officials crack down on unlawful short-term rental properties.   Several California communities have recently passed legislation aimed at managing the short-term rental market, particularly as offered by sites such as AirBnB. Anaheim has banned short-term rentals altogether. Many landlords have continued to operate unlawfully, believing laws regarding proper registration, rent control protections, and just cause evictions, would be impossible for the city to police. But Los Angeles is sending a message to landlords who try to skirt short-term rental laws for some quick cash. The Ellis Act protects...Read more
LA vs Airbnb

LA vs Airbnb

Los Angeles Cracks Down On Short-Term Vacation Rentals   Los Angeles city officials are proposing new rules as they contend with a housing shortage that activists blame partly on businesses that convert large swaths of apartments into short-term rentals, which can net more money per night.  The proposed plan would empower Los Angeles to fine homeowners for advertising illegal rentals as well as the sites that hosted the ads. As it stands, short-term rentals are illegal in many residential areas of Los Angeles, but the city has struggled to enforce those rules as Airbnb, VRBO, and other websites have exploded...Read more