May 21, 2015— With summer approaching, city officials approved an emergency ordinance aimed at quelling the growing tide of property owners who offer up their homes and apartments as short-term rentals in this beachside community.
Airbnb, VRBO and Homeaway – which market short-term rentals – have exploded in popularity in Southern California, prompting homeowners and investors to take advantage of carving out a niche to make extra money.
Some of those properties are single-family homes in quiet neighborhoods near downtown or the beach. Others are apartment buildings rented out weekly.
In their action Tuesday, the Laguna Beach City Council approved a 45-day moratorium to research options. Among those options: an outright ban, making already dense residential areas off limit, adding city staff to monitor ads and holding websites legally accountable.
They are also considering options, similar to a decision last week in Santa Monica, in which property owners can “home-share” – in which a host stays in the house and rents out a spare bedroom or couch space. Santa Monica banned short-term rentals last week and officials there said they likely removed 1,400 of 1,700 vacation rentals advertised on short-term lodging websites.[button href=”http://www.ocregister.com/articles/city-662555-beach-term.html” style=”emboss” size=”small” color=”#dd9933″ target=”_blank”]READ MORE[/button]
[button href=”http://www.ocregister.com/articles/city-662555-beach-term.html” style=”emboss” size=”medium” color=”#1e73be” hovercolor=”#dd9933″ target=”_blank” icon=”external-link”] Source: OC Register[/button]