In 2007, Brian Chesky and Joe Gebbia found themselves struggling to pay rent for their San Francisco apartment. The Industrial Design Conference resulted in all hotels being fully booked, so they had the idea to offer attendees airbeds, breakfast, Wi-Fi, and a work desk. Shockingly, this innovative approach turned into a market disruptor worth more than Hilton and Wyndham combined and only second to Marriott.
Airbnb grew rapidly, taking advantage of lax regulations on short-term rentals worldwide. However, areas with a high Airbnb presence saw massive noise complaints, issues with parking, trash, and rising rent prices, which further limited affordable rental housing options. Governments across the globe have since tightened restrictions on short-term rentals.
Let’s take a closer look at California’s destination locations and their approach to such restrictions. In San Francisco, short-term rentals are permitted for permanent residents, but only within units where they spend at least 275 nights a year. One must own and register the unit and have a business registration certificate with no city complaints. Only 90 unhosted nights per year are allowed.
On the other hand, Carmel-by-the-Sea forbids renting a home for less than a month, but Monterey County has no such restrictions. Santa Monica City Council prohibits short-term vacation rentals altogether while only condos are eligible for such rentals in Mammoth Lakes, and you must get licensed and obtain a Business Tax Certificate and Transient Occupancy Tax Certificate. San Diego mandates that short-term rentals under 30 days must get licensed and pay 10.5% of the listing price as San Diego’s Transient Occupancy Tax.
Before becoming a host, do your research, as some cities enact laws that restrict the ability to host paying guests. It’s crucial to be aware of these laws and procure the necessary permits before listing your property. Moreover, understand that penalties may include fines or other forms of enforcement.
While short stays were typically a place to lay one’s head, platforms such as Airbnb have led to creative spaces for overnight accommodations. Some hosts worldwide have promoted unique environments, from a UFO-looking tiny home close to Joshua Tree National Park to a Boeing 737 converted to a two-bedroom villa with a wing-top terrace and infinity pool. Other destinations include a floating tiki hut off the coast of Key West, Florida, and a shark suite in Paris submerged 33 feet deep in an 800,000-gallon tank.
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