Blog Post

Short Term Rental Changes

Dustin Edwards • Jan 29, 2021

New Long Beach Policy Limits Short Term Rentals

Short Term Rentals
There is no doubt that with the popularity of platforms such as AirBnB and VRBO that short term rentals have garnered quite a bit of attention in popular cities such as Long Beach. When you add to the fact that there are streaming shows that highlight the short term rental trend then it should be no surprise that cities have had trouble adapting.

Short term rentals have caught cities and hotel operators by storm in the same manner that Uber and Lyft have taken on taxi services. Homeowners that own property in popular destination locations from Long Beach to Palm Springs have realized they can enjoy a strong yield if they keep their occupancy levels high. Of course, just like many popular new service offerings that disrupt existing industries, the short term rental market hasn’t necessarily been embraced by existing hoteliers. The City of Long Beach has enacted changes that will limit short-term rentals in Long Beach. If you own a property where you have rented it on AirBnB, VRBO, etc, then read on to find out more.

While short term rental management hasn’t been the focus of Beach Cities Management, seeing as we operate the largest portion of our business within the City of Long Beach we have long recognized the value property owners have enjoyed as vacation rentals. The City of Long Beach has a complete breakdown and even FAQs regarding this new legislation and if you don’t have time to read it in detail, please consider the following:

  • Maintain the Long Term Housing Availability - A goal from the city council is that limiting the number of permits will help to maintain the longer term rental options within the city.
  • Limited Number of Permits - The number of permits shall be limited to 800 permits at any given time. Considering the number of properties in Long Beach and population of nearly 500,000 this is a modest number of permits.
  • ADUs as Short Term Rentals - ADUs shall not be rented as short term rentals. This may not come as a surprise to many as even in nearby Lakewood this type of policy has been a restriction for quite some time.

If you have been operating your home or condo in Long Beach as a short term rental and you didn’t get a permit you still could make it to the waitlist and see if you could get a permit in the near future. When you don’t want to wait, consider that with a relatively low number of rentals on the market now may be the perfect time to transition your short term rental property into a long term rental property. As a long term rental you won’t be competing against the likes of Marriott, Hilton and more which gives you a great opportunity to develop your property for strong long term cash flow.

Public policy can change how you operate your property incredibly quickly. To find out how we can help you to transition your property from a short-term rental to a long-term rental call us today at (562) 888-0247 to hear how we can help. If you want to have a quick check to see how much your property could fetch in rent we invite you to fill out our Free Rental Analysis where we perform a comprehensive comparison to share your rental stacks up to the competition.

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By Dustin Edwards 01 May, 2024
Everyone wants to feel safe in their homes. As an investment property owner, it's up to you to decide whether or not to include security measures in your property. Many of the costs associated with the security measures can be included in the rent, meaning not only can you keep your property safe, but you can earn more income in the long run. However, you would still want your tenants to have renters insurance to protect their assets. Today, we’ll discuss the top five security measures you can add to your property and why they're beneficial to you and your tenant. Security Cameras Cameras are probably one of the first security measures people think about when asked about security. Cameras provide more benefits than just surveillance. They provide an extra level of security for the safety of the tenants and their belongings. Additionally, security cameras can be useful when repairs are required. Cameras can aid in supervising repairs and maintenance to ensure you’re receiving the agreed-upon work. During vacancies when the property is empty, security cameras can help keep the property safe from potential intruders. Doorbell cameras are incredibly popular now. They provide the aforementioned safety of a camera that can be accessed remotely, as well as the ability to communicate with visitors. Although one must be careful never to say you're not home, just say you're unavailable to strangers. Security Lights Security lights with motion detectors are another effective tool when adding security measures to your property. These lights brightly if a potential intruder attempts to get near your home. They can provide enough illumination to see the intruder or, at the very least, scare them off. Nowadays, you can find a combination of security cameras and motion-activated security lights, such as the floodlight cam wired plus from Ring . Additionally, because these lights only turn on when motion is detected, they’re more cost-effective than traditional lights with a switch. Illuminate the Property Light generally deters intruders as it's more difficult to hide. Adding lighting to the landscaping can increase the security of the property while creating a relaxing atmosphere. Lights can also be used in other areas of the property to accent features such as trees, benches, or artwork. This can help your property stand out while giving your tenants an additional feeling of safety. Keyless Entry Keyless entry is seen as both a convenience feature and a security feature. They usually use an electronic passcode, biometric data, or grant access through a smartphone app. Physical keys can be lost, stolen, or duplicated. You reduce the risk of unauthorized entry by eliminating the need for a physical key to enter the property. Many keyless entry systems include several features, such as remote locking and monitoring. Although keyless entry is a great new technology for keeping your tenants and properties safe, they’re best used with other security systems. Security Company Nothing beats having an extra pair of eyes on your property for security. This is where security companies like ADT and SimpliSafe come in. While companies may deal with security in varying ways, they aim to protect your investment. While safety is the primary role of a security company, remember that many tenants may be willing to pay more for a premium amenity like a home security company. Keeping your property and tenants safe is incredibly important to the longevity of an investment property. If you’re looking to improve the security of your Long Beach rental property or need help managing your beach city rental property, we invite you to call us today at (562) 888-0247 or fill out our Owner Application online .
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