WEHOville

Short Term Rentals: Part 2

Thu, Jul 14, 2016   By David Warren    8 Comments

201607 short term rentalsShort-term rentals may have reduced West Hollywood’s housing supply by 400 units. That is according to a follow-up report by WeHo by the Numbers after last week’s initial analysis of data from Inside Airbnb.

weho by the numbers

David Warren

The new report estimates that there are 700 active short-term rentals in West Hollywood, listed on Airbnb, HomeAway, VRBO and other services. (The report defines “active” listings as those that received a review in the prior six months.) The number is extrapolated from Airbnb listings by assuming that Airbnb has 65 percent of the market in Los Angeles. That estimate comes from a study by the Los Angeles Alliance for a New Economy.

Those 700 active listings currently generate an estimated 28,000 stays on an annualized basis. 28,000 is a snapshot based on the number of Airbnb reviews in April 2016 and an assumption that only half of short-term renters post a review. Calculations for longer periods of time are complicated by rapid growth and turnover.

The report estimates that 400 of the units may have been removed from the housing supply and dedicated to short-term rentals. The report assumes listings are dedicated short-term rentals if the host has more than one listing or if the listing is rented out more than an estimated 90 days a year.

Four hundred units is about 2% of West Hollywood’s rental housing supply. For comparison, Census Bureau data shows about 725 units vacant and available for long-term rent at any given time during the years 2010 to 2014.

The report also looks at short-term renters as temporary neighbors for permanent West Hollywood residents. On an average day, there might be 360 people staying in short-term rentals. That is equal to 1% of the city’s population. Over longer periods, the number of temporary neighbors adds up. The report estimates that for every 10 permanent residents, there might be 12 temporary neighbors over the course of a year, due to short-term rentals.

For the full analysis and comparisons to nearby communities, please see the WeHo by the Numbers article, How common are short-term rentals in West Hollywood?

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David Warren

About David Warren

David Warren, the founder of WeHo by the Numbers, is a West Hollywood resident who explores community issues and the city government’s work through numbers. He welcomes suggestions and corrections at WeHoByTheNumbers.com.

View all posts by David Warren →

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8 Comments

  1. RandyFri, Jul 15, 2016 at 4:11 pm

    Stoneman, shouldn’t you take this up with your HOA? Have you passed rules preventing short term rentals in your building?

    I’ve said this again and again. If you own your home, or multi-family unit (duplex, triplex, etc.), you should be able to do as you please, especially if you live on site. Especially if it is a room in your private home. An outright ban on everything is too much. Property owners should have more rights than that. And I’m not talking about owners of apartment buildings.

    Apartment buildings should be restricted from being turned into hotels. There is not question that that was not their intended use. Nothing else should require city involvement. If the condo owners agree to allow short term rentals through their HOA (unlikely), they should be able to. If an apartment manager doesn’t want sub-letting from his or her tenants, write that into their lease (its a fairly standard clause), and evict them if you find them in violation.

  2. J SimmonsFri, Jul 15, 2016 at 5:11 am

    Hmmm. Personally, I am not into this whole “home sharing with strangers” BUT I am far more concerned about WeHo “local municipal government” attempting AGAIN to try to legislate individuals personal, private, property, or activities that are NOT ILLEGAL under any actual authoritative STATE ELECTED GOVERNMENT and/or is either protected by the US Constition OR the even more protective of individual rights than the US Constitution.

    I am not aware of any authority or violation of existing Constitutional restrictions etc…

    I assume many of the WEHO residents who are renting their apts to STRANGERS (personally Yuck) are RENTERS and if not struggling at least are not the common practice of vilifying Property Owners (Like a small condo owner … Neither cheap to buy and live in, but not a normal means of making excessive profits).

    What does the personal use of existing WEHO residents have to do with the “housing stock”.

    Residents have NO POWER, AUTHORITY OR ABILITY to do anything about the City’s HOUSING STOCK.

    THE CITY COUNCIL HAS CHOSEN TO BUILD COUNTLESS NEW HOTEL TOWERS ON SUNSET.

    THEY COULD HAVE JUST AS EASILY CHANGED THE ZONING IN A DIFFERENT WAY THEN THEY SERIPTIOUSLY TO ADD ALL THESE NEW HOTEL UNITS INSTEAD OF HOUSING UNITS TO REFLECT ANY CURRENT OR EXPECTED LOSS DUE TO THINGS LIKE THE WHOLE ” online strangers being given keys and no supervision of one’s home and possessions) that seems legal (and crazy to me).

    It may be awful for neighbors, but who gets to legislate who can live in a person’s home.

    AGAIN. what if some deep south small town passed a local municipal law saying nobody could rent to ‘gay people’?

    That’s why small cities like wrho, can only legislate daily health, safity and sanitation services.

  3. Blown awayFri, Jul 15, 2016 at 1:46 am

    Any Councilmember that doesn’t nail down every conceivable aspect of preventing this slippery concept will be assuring the public that they have NO resolve and NO backbone. West Hollywood had become a pulverized town that is quite frankly an expensive, filthy, transient town overrun by economic interests with NO sense of a quality of life. Whoever thinks they are immune to this slow, creeping disease is more foolish than can be contemplated.

    Up at HPC on 7/25/16 is an attempt to change a small apartment complex on Norton Ave into a B&B in the midst of a residential neighborhood. The owner, Cherie Woods will be be pitching the “economic necessity” and undoubtedly claim “financial hardship” to the commission. Let’s see how many commissioners have backbone. I’ll be happy to wager that at least one commissioner will be the unofficial cheerleader for Ms. Woods.

  4. StonemanFri, Jul 15, 2016 at 12:07 am

    It is against the West Hollywood ordinance to rent out your place for less than 30 days, period, whether it’s an apartment, condo, room, etc. I’m all for it. I am a condo owner in a building of 53 units, and I am frustrated seeing strangers come and go in my neighborhood, especially since I’ve lived in my unit for 16+ years. Yes, people need to live somewhere, but my neighborhood is not supposed to be some transient community, no matter how wealthy those “transients” are. I could care less about their income, or what the companies they work for have agreed to pay for their temporary stay in my city. Screw them! This is my community and my home, and my building is a condominium building, not a damn apartment revolving – door place, for God’s sake. Ugh. It’s ridiculous.

  5. Blown awayThu, Jul 14, 2016 at 10:38 pm

    Maybe the councilmembers should reschedule their “retreat” a an apartment complex overrun by air bnbr’s surrounded by an army of leaf blowers to get their attention. Please drag the code enforcement inspectors and head into the retreat as well. They should stay “retreated” until they hammer out a fool proof enforceable plan guaranteed by their personal bonds for a probationary period.

  6. Kurt MThu, Jul 14, 2016 at 6:22 pm

    The city won’t enforce the ban on gas leaf blowers, so don’t hold your breathe on short term rentals.

  7. Gary BanThu, Jul 14, 2016 at 6:00 pm

    What is the City going to do to stop this???

  8. WeHo-JThu, Jul 14, 2016 at 5:59 pm

    Again, when will the city enforce the law?

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