Santa Monica council votes 7-0 to crack down on Airbnb

Re:Santa Monica council votes 7-0 to crack down on Airbnb by imaginenore on Wednesday May 13, 2015 @07:01PM (#9542540)

> She nets about $1000 a month doing this and manages to take 3 single residential units off the market in the process.

That doesn't make any sense. $333 from an apartment per month in Santa Monica.

You've been lied to.

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Re:Santa Monica council votes 7-0 to crack down on Airbnb by jboggan on Wednesday May 13, 2015 @07:54PM (#9542739)

I said nets, not grosses. She has two places rented out 10-20 days a month and the total revenue pays for all three rents plus about a grand left over. She lives in whichever apartment seems to get the least interest on AirBnB and occasionally switches it up.

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Re:Santa Monica council votes 7-0 to crack down on Airbnb by melvinmt on Thursday May 14, 2015 @02:03AM (#9543659)

Still, netting $1,000 for managing 3 apartments (it takes a lot of work, my wife used to do this for others), is not really worth the trouble?

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Re:Santa Monica council votes 7-0 to crack down on Airbnb by gekkonaut on Thursday May 14, 2015 @03:27AM (#9543854)

If this also covers the place she's living, it might not be such a bad deal.

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Re:Santa Monica council votes 7-0 to crack down on Airbnb by anigbrowl on Wednesday May 13, 2015 @08:02PM (#9542767)

Net, not gross. That's after all the mortgages and bills.

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