July 17, 2016
Under the Los Angeles rule, rental hosts who fail to register with the city or otherwise break the rules would face $200 in fines per day of rental. However, this should be made steeper in order to act as a serious deterrence. For example, the city’s $2,000 per day penalty for hosts who rent their properties beyond the maximum number of days allowed is much more intimidating and would act as a serious financial disincentive. Before Los Angeles enacts new short-term rental regulation, it needs to make sure it’s able to back up strict new rules with equally strict penalties….
Source: http://dailybruin.com/2016/07/17/editorial-los-angeles-must-prioritize-enforceability-in-new-airbnb-regulations/
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