P.J. Lennon had a plan for his retirement: To pay his bills, he would rent out the one-bedroom house that sits alongside his home in the Hollywood Hills.artwork and began advertising it online through Airbnb and VRBO. Travelers paid up to $199 a night to sleep in the hideaway with banana trees and a show-stopping view.
City officials have estimated there are between 8,000 and 13,000 listings for “vacation rentals” in L.A. When the new law allowing people to rent out their primary residence for short stays was approved, several council members proposed a second ordinance that would permit people to do so with other properties as well. In February, city staffers tossed out a number of options, including capping the number of vacation rentals for each host.
Bonin added that if mom-and-pop operators are relying on income from a second unit, “it would be great if those units were being rented by people who live permanently in Los Angeles” as tenants. In Eagle Rock, Peter Hwang bought a triplex and is living with his family in one unit, renting another to a longtime tenant, and advertising the third for short stays.
Cross said that with her second child due in November, she is trying to get rid of the furniture in her second unit in Highland Park and find a tenant.
Source: Real Estate Daily Report (realestatedailyreport.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kenya's Eliud Kipchoge smashes two-hour marathon barrierKenya's Eliud Kipchoge has successfully completed the first ever marathon under two hours in the Austrian capital of Vienna, two years since he fell 25 seconds short. If there’s anything you can do, I can do better... BRAVO! First *known person great
Source: cnnbrk - 🏆 393. / 55 Read more »
https://people.comGet the latest news about celebrities, royals, music, TV, and real people. Find exclusive content, including photos and videos, on PEOPLE.com. This Mom Tish is mother of the year. Once again, congratulations to Liam Hemsworth for getting out before it was too late. Ooof they all look so good
Source: people - 🏆 712. / 51 Read more »
As new Syrian exodus unfolds, some fear they will never go homeKurdish doctor Farid Mustafa was one of the last to flee Ras al-Ain as Turkish b... Lovely, gentle people. Put the rest of us to shame with what they have endured. Was that ever even a possibility for them to go home? I never thought they would.
Source: Reuters - 🏆 2. / 97 Read more »
Nearly 1 in 5 Americans are stashing cash at home in fear of a recessionBased on their fears of a potential recession, 17% of Americans have stashing cash at home, according to a new poll from MetLife MakeIt It's called saving, and, it's exactly what every american should be doing MakeIt CNBC has been coming out with the most bizarre fake stats recently MakeIt I thought no one had any emergency money saved.
Source: CNBC - 🏆 12. / 72 Read more »
https://people.comGet the latest news about celebrities, royals, music, TV, and real people. Find exclusive content, including photos and videos, on PEOPLE.com. Justin...
Source: people - 🏆 712. / 51 Read more »
Fast-moving wildfire kills at least one, destroys homes north of Los AngelesA fast-moving wildfire fueled by dry Pacific winds engulfed houses, roads and wo... Donald Trump has tweeted more than 40 times today. Not once about the SaddleridgeFire impacting more than 100,000 Americans. EmmanuelMacron say california is ' Our home' . I bet you have no balls. Said so. And the fires are a least a month early...They knew it was coming... Trump will dump...them
Source: Reuters - 🏆 2. / 97 Read more »