From KPPC Radio, April 29, 2015
Property owners in Santa Monica, who rent out their properties using sites like AirBnB and VRBO, may soon find it’s hard to do business in the city.
The Santa Monica city council will debate a proposal Tuesday night that would do away with most short-term rentals, often referred to as vacation rentals. Hosts in Santa Monica would only be allowed to rent their property to short-term guests if they stay on the premises with them. Those hosts would also need to obtain a city business license, and collect a 14 percent hotel tax, which they would pass on to the city.
The proposed ordinance would also require rental sites like Airbnb, Home Away, and VBRO to share information with the city regarding the Santa Monica properties using the site.
Officials in Santa Monica estimate there are 1,700 short-term rental units within city limits – those units previously provided long-term housing to local residents.