In the L.A. area, many homeowners are opting out of short-term rentals due to increasing regulations and the threat of fines, leading to a notable decrease in active listings. Short-term rental registrations dropped from 4,228 to 3,972 within a year. Platforms reported varying decreases, with a significant 44% drop in listings year-over-year. Wildfires contributed to the decline, destroying numerous homes and affecting availability. Overall, short-term rentals are becoming less appealing for many landlords due to the ongoing challenges involved in management and regulation compliance.
Katherine Taylor, who relied on her Westside guesthouse rental income through Airbnb, decided to remove her listing due to new regulations and the risk of fines.
Registered short-term rentals in L.A. decreased from 4,228 last July to 3,972 this July, marking a 6% decline.
Various platforms reported a substantial drop in short-term rental listings in the L.A. metro area, with estimates showing a 44% decline year over year.
The decrease in rental listings also coincides with significant losses from wildfires, with some areas like Altadena experiencing a 56% reduction.
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