30 Day Minimum Short Term Rental Analysis & Risks in Los Angeles

[Kim Hopkins]

Hello!

I'm an experienced industrial real estate investor, but a completely inexperienced potential short term housing rental investor.

We recently moved from Los Angeles to Flagstaff, Arizona. We kept our home in Los Angeles and would like to still visit so are not yet ready to sell. We are contemplating turning it into a short term rental. 

The rules in Los Angeles apparently say that we can only rent for a minimum of 30-day periods since it will not be our primary residence. I'm trying to assess three things: 

1. How do I get some data on rental rate and yearly occupancy % for Los Angeles with a 30-day minimum period so I can put together a pro-forma on if the numbers make sense? I can't find anything like this since most websites like Air DNA seem to focus on short term (no 30 day minimum) rentals. 
2. Does anyone know or have a guess to the laws pertaining to evictions with these kinds of stays? I would think that I can always evict a guest at the end of the rental term regardless of any moratorium but I want to be damn sure the current Covid LA eviction moratorium and any other crazy LA eviction laws don't apply to this short-but-long-term rental situation. 
3. Is there anything else I should consider, pros or cons, before doing this that I may not be thinking of? 

We are in general very hesitant to do any business in California (all our properties are outside the state), but I thought this would be hopefully low risk and offset some of the mortgage and other costs on the house. 

Thank you!
Kim