Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Christopher Epp

Christopher Epp has started 3 posts and replied 13 times.

@Scott E. What a nightmare!

Post: Patience is a virtue ✨

Christopher EppPosted
  • Developer
  • Long Island NY
  • Posts 14
  • Votes 7

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $330,000
Cash invested: $120,000

Patience is a virtue; thanks grandma 😊
That was the narrative moving forward with this deal. As you can see this one took a couple years of being patient. The owner filed an appeal with the courts the day before the auction and it held up 35K in escrow. I had the option of getting my deposit back, however we would not have gotten lucky with property increases if we did...BONUS !

Post: LA IS ENFORCING SHORT TERM RENTALS !

Christopher EppPosted
  • Developer
  • Long Island NY
  • Posts 14
  • Votes 7
Quote from @Jay Hinrichs:
Quote from @Daniel Smyth:

@Mike Dymski

It just depends on the penalties.

If your property can be liquidated or foreclosed on for non payment, you pay to play.

It depends on the teeth of the regulation.

Non compliance is the American way!


 there was a case in Napa CA.. where the guy just refused to stop and comply I think he might have been criminally charged and got some hefty fines to boot. 

Tough break for those who base their affordability on the short term rental income. 

Post: LA IS ENFORCING SHORT TERM RENTALS !

Christopher EppPosted
  • Developer
  • Long Island NY
  • Posts 14
  • Votes 7
Quote from @Nathan Gesner:

LOL! Jay is right. Enforcing short-term rental rules is very important in LA, but humans crapping on the street or stealing from Walgreens isn't a big concern.

I believe 1/3 of short-term rentals around the country are operated illegally. It's only a matter of time before cities/counties/states start cracking down on them.


 That would be a big game changer for so many 

Post: LA IS ENFORCING SHORT TERM RENTALS !

Christopher EppPosted
  • Developer
  • Long Island NY
  • Posts 14
  • Votes 7
Quote from @Jay Hinrichs:

does this go for illegal camping on the streets as well ? 


 😆

Post: LA IS ENFORCING SHORT TERM RENTALS !

Christopher EppPosted
  • Developer
  • Long Island NY
  • Posts 14
  • Votes 7

Check out this link from ABC....

https://abc7.com/los-angeles-airbnbs-la-city-council-short-term-rentals/11809350/

A study found a third of L.A.'s advertised short-term rental listings have been illegal since the ordinance went into effect

LOS ANGELES (CNS) -- The Los Aneles City Council approved a motion Friday aimed at strengthening enforcement of a city ordinance prohibiting unpermitted and non-compliant Airbnbs and other short-term rental operations.

The motion by Councilwoman Nithya Raman and Councilmen Bob Blumenfield, Mike Bonin and Paul Koretz instructed the Department of City Planning to report back within 90 days on:

Recommendations for how the city can address non-compliant hosts who rent out properties listed as a primary residence but are not used as such, the conversion of affordable housing stock into short-term rentals, the conversion of multi-family residential structures to short-term rentals, short-term rentals engaging in commercial uses/activities, and properties that are rented for longer periods of time than permitted

Enforcement mechanisms such as citations, fines, license revocations and criminal penalties

Home sharing regulatory and enforcement models of other cities, including San Francisco, Austin and New Orleans

Strategies for ensuring all home-sharing platforms that operate within the city enter into platform agreements requiring them to share data with the city

Strategies for implementing and improving data collection

What staffing or dedicated unit, office or department is needed to consolidate various aspects of home sharing compliance and enforcement in one multidisciplinary team.

"In our city, we cannot afford the consequences of losing any more affordable housing units from a supply that is already in a desperate deficiency,'' Raman said. "Failing to fully and adequately enforce the Home-Sharing Ordinance means we are losing housing, subjecting tenants to displacement pressure, and inviting major nuisance and quality of life issues into our communities. [Friday's] vote is an essential step in our ongoing efforts to stabilize and protect our neighborhoods.''

A study from McGill University prepared for Better Neighbors L.A. found that one-third of the city's advertised short-term rental listings have been illegal since the home sharing ordinance went into effect in 2018.

"We passed short-term rental regulations in L.A. to prevent property owners from converting homes for Angelenos into rogue hotels, but enforcement is so lax that operators and platforms are violating the law and worsening our affordable housing crisis,'' said Mike Bonin, who co-authored the 2018 Home Sharing Ordinance. "We are hemorrhaging valuable rental stock, and it needs to stop.''

The Department of City Planning will also draft a report within 90 days for a plan to create a centralized, digital database or platform to better coordinate tracking of non-compliant properties. The platform would be used for monitoring and enforcement purposes.

The motion also instructed the department to ensure within 90 days that the public be able to view whether any property in the city has a home-sharing license, a home-sharing license renewal or an extended home-sharing

license.

"On top of grappling with out of control parties and violent crimes at short term rentals, we have serious concerns about violations of the Home-Sharing Ordinance such as the illegal conversion of our critical affordable housing stock, hosts engaging in commercial activity, and renting out homes that are not a primary residence,'' Koretz said. "In fact, we see any number of violations of the Home-Sharing Ordinance every day in my district, and we need to take a serious look at the program and the mechanisms and resources required to effectively enforce the ordinance.''

@Alex Grullon episode #496

Post: Discrimination Claim Made Against Me

Christopher EppPosted
  • Developer
  • Long Island NY
  • Posts 14
  • Votes 7

@Enyi Ajoku

My wife just said that anyone with ten bucks can get a service dog permit online. People play that game so they can bring their dog on the plane and in the store. This lady sounds like sleepless nights and a migraine headache.

She lied and checked off no pets. Lying on the application should be grounds to disqualify but that's just rational thinking 🙃

@David Pai

Thanks David,

Although we couldn't evict, we were still able to serve and start the process. Getting the clock started is very important even under normal circumstances.

Start the clock, then negotiate!

Thanks :)

He was in his 60's which probably means a lot over the years. It's a shame that some people choose to live their life like that.