SANTA MONICA—Debates have arisen regarding the need to restrict or possibly ban short-term rentals from homes and apartments n the city of Santa Monica.
Various complaints, such as noise, overcrowded parking and an increase in the housing costs, have led the city to consider taking action against these rentals. Some people are stating that they would like to live closer to the area, but with so many homes being run as short-term rentals, they are unable to do so. Property owners argue that renting their properties out to guests is often what allows them to afford their homes.
Restrictions that may apply include placing a 14 percent hotel tax and requiring websites such as AirBnB, which provide the majority of the listings for such rentals, to keep a record and report to the city of hosts, locations, and what is being charged. Property owners may also need to stay on the property with the guests as well as obtain a business license.
Though the current law requires rentals to be no less than 30 days, there is little regulation in place. It has been discussed that if the new ordinance is voted into effect, it could be set in place as soon as June 2015.