In August, SBAOR’s South Bay YPN hosted a Networking & Knowledge reception in Redondo Beach. This well attended event hosted the Beach Cities Mayors – of Manhattan Beach, Hermosa Beach and Redondo Beach – in a panel discussion about a range of real estate issues affecting our area.
Before the panelists began their discussion, SBAOR’s REALTOR® members recognized the need to support the needs faced every day by foster children in the South Bay.
Every attendee brought a new backpack, all of which were sent directly to benefit foster children. Why was this important? In Los Angeles County, thousands of abused and neglected children in foster care move from one placement to another an average of four times. Many of these children do not have any bags to carry their textbooks to and from school, and are forced to carry their belongings in tattered plastic bags.
We are grateful to our members for helping us do our part in benefiting those among us who need it most.
Panel Discussion: Short Term Rentals
Our panel discussion covered a wide range of topics, however a large part of it addressed the matter of short term and vacation rentals. All of the Beach Cities Mayors noted that their cities have banned rentals for less than 30 days due to complaints from residents and concerns from law enforcement and code inspectors.
However, a good discussion followed which attempted to find a balance between private property rights and the need to protect the health and safety of surrounding properties. This issue is exacerbated by new technologies such as VRBO and AirBnB which make these rentals easier, faster, and more profitable.
The issue of short term rentals in our cities will probably not go away any time soon, despite recent actions by local city councils to heavily regulate or ban it outright.