New home-sharing regulations are in place for the city of Los Angeles, changing the way hosts from Airbnb and other rental platforms can book vacation stays and short-term rentals.
Starting July 1, 2019, hosts must register and pay an $89 fee to the city. Hosts can only register one property with the city at a time and the property must be their primary residence (where they live at least six months out of the year). Rentals are limited to a 120-day annual cap, and rent-stabilized units are no longer allowed to be used for home-sharing—even if the host owns the unit.
The city’s planning department has put together a detailed FAQ on the home-sharing ordinance with more information on how to register and pay fees before enforcement of the regulations begin on November 1, 2019.
Alternative Title Everyone Knows a Realtor
As a home owner or home buyer, there are a lot of real estate agents and brokers out there to pick from but precious few have worked in the business as consistently and diligently as I have. Let me explain.
As home sales volume declines, "part time agents" continue to go back into hiding with some expected to “pop up” again once the market returns to full strength.
There is a direct correlation between home sales volume** and agent licensing with licensing movement changing 6-12 months after a consistent change in home sales volume.
Today’s decreased license renewal rate is directly related to the flat-to-down home sales volume experienced since 2016 with 79.3% renewing in 2018 versus 81.4% the year prior 2017. Additionally new sales agents have declined about 10% from 2017 to 2018.
The next substantial increase in sales agents won’t occur until the next boom in real estate sales volume...
Temps start to soar when days start to get longer. Stop your energy and water bills from soaring, too, with these summer home maintenance tips:
#1 Stop Buying Cheap Tools
Repairs and home improvement projects go much smoother with quality tools — and you'll like the results more. Take advantage of sales to buy quality brands for less or buy used tools at a local auction or estate sale. Then ditch those make-do tools that have always frustrated you.
#2 Stop Heat-Drying Your Dishes
You're already paying extra to pump cool air into your house. Don't pay even more to use the heat-dry setting on your dishwasher. It can double your electrical load. Instead, open the dishwasher immediately after it runs, and pull out the racks. The evaporating steam will speed-dry the dishes. Some dishwashers have an air-dry button that will automatically prevent heat drying.
#3 Stop Watering Your Lawn So Much
Lawns are a bit picky about their drinking schedule. Rather than daily soaks, they prefer deep, infrequent watering, which promotes deeper root growth. In general, lawns need about 1 inch of water per week. In a well-watered lawn, you can stick a screwdriver 6 to 8 inches into the dirt without resistance.
#4 Stop Putting Bricks in the Toilet
Summer may be water-conscientiousness season but putting a brick in your toilet is the wrong means to that well-meaning end. Brick crumbles when exposed to water for too long. Instead, switch to a high-efficiency toilet. At $100-$300 per toilet, the $230 annual water savings is worth it. Or just swap your brick with a half-gallon milk jug filled with sand.
Source: CAR Client Direct
One of the most earthquake-prone urban areas in the nation, Los Angeles is likely to be rocked by a major temblor within the next few decades. As nerve-wracking as it may be, preparing for the big one is part of living in LA.
According to the United States Geological Survey, there’s a 60 percent chance an earthquake measuring in at magnitude 6.7 or higher will strike the Los Angeles area in the next 30 years; there’s also a nearly one-in-three chance that earthquake will measure in at 7.5 on the Richter scale.
Given that, it’s good to know what you’re up against.
Crissi Avila will teach you how to buy smart. We’ll look at location, development, and turnover so you can spot opportunities long before most even start considering them.