Los Angeles Prepares to Regulate airbnb

LA councilmembers push to regulate Airbnb

From KPPC Radio, June 2, 2015

Los Angeles city officials are proposing new regulations on Airbnb and other home-sharing sites that would curb the amount of business the industry does in the country’s second-largest city.

The proposal introduced Tuesday by Councilmember Mike Bonin and Council President Herb Wesson would ban hosts from renting out properties other than their primary residence, or any apartments protected under the city’s rent stabilization ordinance.

How many listings this would affect is not clear. But Airbnb says that more than 80 percent of its rental properties in L.A. are primary residences. That would leave roughly a fifth of its listings that are not owner-occupied. A spokeswoman from Airbnb said it does not track which units are under rent control.