Airbnb Los Angeles

Airbnb experiences bring the most profit for investors and landlords.  #airbnb #losangeles

The LA Loft Blog provides an up-to-date breakdown of the best ways to make a profit with short term rentals on Airbnb. This post includes 3 real case studies of Airbnb rentals in the Greater Los Angeles Area including Downtown, Beach Cities and Big Bear, starting with the most profitable and ending with the biggest loser. Airbnb is generally used to find guests to stay in rooms or entire homes for several days to several weeks, or sometimes just one day, usually less than 6 months. The most profitable homes on Airbnb tend to be the short-term rentals that offer the most “experience,” that is a special feeling of fun, excitement or enjoyment from unique attributes such as decor, architecture, furnishings, location and amenities of the short-term rental. Those near tourist areas, theme parks, beaches, snow skiing, lakes, rivers and entertainment venues have the most profit potential.

Popular attractive furnishings, dishes, appliances, games with professional cleaning and maintenance are key to happy guests and maximum price. Investors should check to make sure local hotel prices are rising and not dropping.

Before listing a home on Airbnb, landlords and investors must be aware of the local ordinances and homeowners association rules that govern what homeowners may and may not do with short-term rentals. Most cities and municipalities have laws regarding hotels and hotel taxes. At a minimum, investors and other homeowners with homes listed in Airbnb must collect and pay hotel taxes to the city in which the short-term rental is located. Some localities may not allow short-term rentals under 6 months at all. Most condominiums are not suitable for short-term rentals because the CC&R rules normally specify that condo unit owners may not do short-term rentals at all, and all lease must be for at least 6-months. Additionally, each resident must in most cases coordinate their move-in with the HOA homeowners association manager and pay a move-in fee.

To make a tidy profit, the investor must have or hire someone with skills and experience in local real estate, interior design, hotel management and marketing. The property must be obtained for a cost that will be substantially lower expense than the income that the rental will attract. It must be near public transportation if in the city or provide convenient parking if not.

The “bnb” in Airbnb stands for bed and breakfast, which means that the owner is there helping, conversing and sometimes even cooking for the guests. In many cities, the owner must be staying in the residence with the guests or else the short-term rental is illegal and may face big fines. Owners should have sufficient insurance and take steps to prevent disasters such as wild parties.

Some renters try to sub-rent their leased loft to Airbnb, but this is usually not allowed under most lease agreements.  They usually specify that the unit can not be sub-leased or sub-rented at all without the property owner’s permission.  Because of these rules, it is hard to find Downtown lofts on Airbnb.  When one is found, there is a good chance that the person who listed it is breaking a HOA rule or violating a lease agreement.  That being said, there are some buildings, HOAs and owners who are more or less likely to enforce these rules.  The LA Loft blog often receives word on which buildings are enforcing and which buildings are Airbnb havens.

Here are the three recent real-life Airbnb scenarios, and what made them make or lose money, in order of profitability:

MOST PROFIT:
Teddy Bear’s Cabin in Big Bear – This super profitable modern luxury log home garners $500 to $1,000 per night.  It is a nice, big cabin with modern kitchen and bath, romantic fireplace in the master bedroom, lots of games and videos, and walkable to the lake.  Up to $15,000 per month makes this a super-profitable Airbnb rental.

PROFITABLE:
My Little Paris in Los Angeles – This brick loft is booked up for the next 6 weeks at $135 per night.  That is over $4,000 per month for a loft that normally rents long term for around $2,400 per month. That brings a tidy profit for the owner who is lucky enough to get away with it.

BIGGEST LOSER:
Rancho Palos Verdes house – A traditional large home just a few blocks from the beach was purchased for the purpose of offering short-term rentals on Airbnb, but the RPV community cracked down big time and outlawed short term rentals in residential homes. The investor is struggling to pay their $10,000 per month mortgage, and bleeding cash.

Get a list of the best Los Angeles investment properties for doing short-term rentals on Airbnb. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Downtown Los Angeles Lofts and Condos with Swimming Pools #dtla #pool

While more  loft lovers demand a fitness center gym over a pool, there is nothing more refreshing and enjoyable during a summer heat wave than being in the comfortable water of a nice swimming pool. #dtla #pool

Downtown L.A. Toy Factory Pool

Here is a list of the condo buildings and lofts for sale and for lease with pools in DTLA:

1100 Wilshire – 1100 Wilshire Blvd, 90017     1100Lofts.com
Barker Block – 510 S Hewitt St & 530 S Hewitt St, 90013    BarkerBlockLA.com
Biscuit Company – 1850 Industrial St, 90021    BiscuitLoft.com
Bunker Hill Tower – 800 W 1st St, 90012    BunkerHillTowerLA.com
Concerto Lofts – 901 Flower St, 90015    ConcertoLoft.com
Cornell Building – 746 S Los Angeles St, 90014    CornellBuilding.com
Eastern Columbia – 849 S Broadway, 90014    EasternColumbiaLoft.com
Eckardt Building – 738 S Los Angeles St, 90014    EckardtLoft.com
Elleven Lofts – 1111 S Grand Ave, 90015     EllevenLoft.com
Evo – 1155 S Grand Ave, 90015     EvoLoftsLA.com
Little Tokyo Lofts – 420 S San Pedro St, 90013     LittleTokyoLoftsLosAngeles.com
Luma – 1100 S Hope St, 90015     LumaLoft.com
Market Lofts – 645 W 9th St, 90015     MarketLoftLA.com
Metropolis Los Angeles – 8th Street and Francisco    LosAngelesMetropolis.com
Molino Lofts – 500 Molino & 530 Molino St,  90013    MolinoLoft.com
Mura Condominiums – 629 Traction Ave, 90013     MuraLosAngeles.com
Ocenwide Plaza – 1100 S Figueroa St, 90015     OceanwideDTLA.com
Promenade Condominiums – 121 S Hope St, 90012    CondoPromenade.com
Promenade West – 880 W. 1st St, 90012     PromenadeW.com
Ritz Carlton Residences – 710 W Olympic Blvd, 90015   RitzyLofts.com
Rowan Lofts – 460 S. Spring St, 90013       RowanLoft.com
Santee Village – (See EckardtCornell and Textile)
Savoy Condominiums – 100 S Alameda, 90012    SavoyLosAngeles.com
SB Grand (Shybary Grand or Shy Barry Grand) – 312 W. 5th St, 90013   SBGrand.com
Skyline Condominiums – 600 W 9th St, 90015    SkylineCondoLA.com
TEN50 – 1050 South Grand Ave, 90015    LATen50.com
Teramachi Homes Senior Condos – 267 S. San Pedro St, 90012   TeramachiHome.com
Textile Building – 315 E 8th St, 90014    TextileLoftLA.com
Toy Factory – 1855 Industrial St, 90015    ToyFactoryLoft.net
Vero – 1234 Wilshire, Los Angeles CA    VeroLoft.com

Biscuit Company Lofts, Los Angeles

RENTAL LOFTS AND APARTMENTS  (213) 478-0499  LAloftTour.com

717 Olympic – 717 W Olympic Blvd, 90015
8th and Hope – 801 S. Hope St, 90017
Apex – 900 S Figueroa St, 90015
Brockman Lofts – 530 W 7th St, 90014

Eastern Columbia Building DTLA
Eastern Columbia Building Pool

Canvas L.A. – 138 N Beaudry Ave, 90012
Eighth and Grand – Grand Ave, 90017
Emerson – 225 S Grand Ave, 90012
Factory Place Lofts – 1308 Factory Place, 90013
Great Republic Lofts – 756 S Spring St, 90014
L.A. Loft Tour – (213) 478-0499  http://www.LAloftTour.com
LEVEL DTLA – 888 Olive St, 90015  http://www.LEVELDTLA.com
Long Beach Avenue Lofts – 1250 Long Beach Ave, 90021
Medici – 725 S Bixel St, 90017
Mercantile Lofts – 620 S Main St, 90013
Met Lofts – 1050 S Flower St, 90015
Metropolitan – 315 West 5th Street, 90013
Mozaic at Union Station – 888 N Alameda St, 90012
Museum Tower – 225 S Olive St, 90012
One Santa Fe – 1 Santa Fe, Los Angeles, CA 90012
Orsini Apartments – 550 N Figueroa St, 90012

Watermarke Tower, Downtown LA

Pacific Electric Lofts – 610 S Main St, 90014
Pegasus – 612 S Flower St, 90017
Peterson and Tansey Lofts – 1250 Long Beach Ave, 90021
Piero – 312 E 12th St, 90015
Promenade Tower – 123 S Figueroa St, 90012
Roosevelt Lofts – 727 W. 7th St, 90017
Santee Court – 716 S Los Angeles St, 90014
SB Grand – 312 W. 5th St, 90013
Visconti – 1221 W 3rd St, 90017
Watermarke Tower – 705 W 9th St, 90015

Downtown L.A. never lets us down.  Every resident in DTLA has free daytime access to swimming thanks to the pool and bar of The Rooftop at The Standard Hotel open to the public for plenty of urban fun, drinks and wetness.

Bunker Hill Tower

 

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

Lofts For Sale                

SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
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DOWNTOWN LOFT & CONDO LISTINGS:  FOR SALE  |  RENTALS  |  NEW LISTINGS

 

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Your Home Sold GUARANTEED or I’ll Buy It*

Corey Chambers, REALTOR®
(213) 880-9910
coreychambers@yahoo.com
http://www.laloftblog.com/

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449  Not associated with the homeowner’s association, seller or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

#condos #condominiums #lofts #downtownla #dtla

Based on information from the Association of REALTORS®/Multiple Listing as of [date the AOR/MLS data was obtained] and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

*seller and Corey must agree on price and time of possession – details and conditions visit coreychambers.com