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3 May 2022 | 11 replies
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 permittedEnforcement mechanisms such as citations, fines, license revocations and criminal penaltiesHome sharing regulatory and enforcement models of other cities, including San Francisco, Austin and New OrleansStrategies for ensuring all home-sharing platforms that operate within the city enter into platform agreements requiring them to share data with the cityStrategies for implementing and improving data collectionWhat staffing or dedicated unit, office or department is needed to consolidate various aspects of home sharing compliance and enforcement in one multidisciplinary team."
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14 May 2022 | 8 replies
That however is another topic... quasi-taboo for some.The said fees in general, being a percentage, technically should scale back some for the larger assets, and a higher % for smaller assets; if they are said to be for cost/time recovery. 2% of $100 Million is quite different that 2% of $10 Million.
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4 May 2022 | 6 replies
Therefore, every day that passes, we are technically closer to a recession.
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6 May 2022 | 9 replies
The bank knew about it but it was reasonable and I never technically had the money since the check was made to an outside company.
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11 May 2022 | 13 replies
@Robert Adkins This is not often discussed, but it is pretty typical for commercial lenders to still take DTI into account for newer investors, even if it is technically a "commercial" loan.
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10 May 2022 | 7 replies
As a licensed individual, you are technically obligated to disclose to that individual what fair market value could be for the property should they list.
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7 May 2022 | 24 replies
Even though it should not technically affect the appraisal, they are human and will probably feel the house is nicer when they see it well staged.
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5 May 2022 | 4 replies
Our build technically unincorporated Placer county (not in the Tahoe basin) so I'm not sure what their recent permitting timeframe has been but yes - getting on top of submitting the plans asap.
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6 May 2022 | 5 replies
I do fully trust my partner that no disputes would happen down the road but if he had a deal or property written with his personal name on it, he could technically run off with the profit.
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9 May 2022 | 17 replies
Technically it’s a 4b, as the 5th doesn’t have a closet, but it’s listed as a 5.