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Venice Update

News of Venice, CA and Marina del Rey CA

Mayor Budgets Short-term Rental Tax Income; Bonin Warns that Fiscal Need Could be Deterrent for Sensible Regulations

The LA Times today reported on Mayor Eric Garcetti”s proposed budget and how important this short-term rental revenue has become to the City coiffeurs. Implication was that short-term rentals were to continue without restrictions.

Councilman Mike Bonin warned that this financial need could “build up a fiscal firewall against physical sensible regulations.” Bonin’s area covers Venice, which has one of the largest concentrations of short-term rentals

In San Francisco, according to Darryl DuFay who submitted the San Francisco story and link, rentals must be registered with the city and the registration number must be on all advertisements with Airbnb and HomeAway. Other advertising rental companies are to do the same. Airbnb has adopted the policy of “One Host, One Home” and length of time has been set at 90 days. The specific rules for San Francisco short-term rentals is unknown.

Supervisors unanimously passed legislation holding advertising rental companies liable for steep fines and criminal penalties if they arrange guest stays at unregistered properties.

The article states that of the 923 listings the company has pulled, it says 317 were entire homes, 26 were private rooms and 580 were shared rooms. Airbnb said in its report these listings could either “impact long-term housing availability” or didn’t provide the “best possible experience on our platform.

Comment (1)

  1. Nick Antonicello

    Safely reelected to a five and one-half year term, Bonin will do nothing and has gone fishing for some higher office to seek. His term of office has done more to gentrify Venice then anyone else.

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