CHAPMAN UNIVERSITY COMPLIMENTARY BREAKFAST EVENT/JANUARY 27, 8 am-10 am
Short Term Rentals: Are they compatible with residential communities? Are efforts to limit them an affront to property rights?
Internet-based STR companies such as Airbnb have built a burgeoning industry connecting homeowners with vacationers, who rent out rooms or entire houses for short-term stays. It’s a fascinating example of the New Economy, but this new business model has run up against stiffer opposition than expected.
These room-sharing operations have been very popular with tourists and those who rent out their properties. But the main obstacle to their growth has been residents in neighborhoods where STRs are commonplace, especially in beach and tourist areas in Southern California. Continue reading