Los Angeles County, Woodland Hills - Airbnb

[David Herzog]

Hello,

I am currently renovating a house in Woodland Hills and am going back and forth on whether or not to do a long-term rental or turn the house into an Airbnb. There are a few similar Airbnb comps in the area that charge around $500 - $600 per night. If I decide to go the long-term rental route, I think I could get anywhere from $6,500 - $7,500 per month.

Going the Airbnb route seems like it could be the most lucrative but the STR laws in LA have me worried. Another thing to consider is that I live in Northern California so I would need to find a reliable cleaning crew / handyman to have on deck.

Any tips from people who have STR experience in LA would be greatly appreciated.

[Michael Baum]

Hey @David Herzog, you are pretty much out of luck as a STR from what I can tell.

Hosts must register for a Home-sharing permit for a yearly $89 fee.

Hosts can only register one property with the city at a time.

Hosts can only register their primary residence (where they reside at least six months of the year).

Hostshare limited to a 120-day cap per year, and can sign up for “extended home sharing” if they would like to host beyond the 120-day cap.

Hosts must display a valid home-sharing registration number on all listings.

Rent-stabilised units cannot be used for home sharing, even if the host is the owner of the unit or property.

https://planning.lacity.org/or...