Landlords wonder how many days of a short-term rental would it take to break even with a long term rental. For Venice it is 83 days. Rent it for 83 days on Airbnb and you have made approximately what you would make in a year of long-term rental.
Inside Airbnb’s Murray Cox released data showing that affordable housing will be lost if short-term rentals are permitted for as few as 60 days per year in some Los Angeles neighborhoods. Los Angeles Alliance for a New Economy (LAANE), analyzed the data and found that across all Los Angeles neighborhoods it takes an average of just 83 nights per year to earn more on Airbnb than can be earned in a whole year of renting to a long-term renter.
The other “advantage” for landlords renting short-term to vacationers is that one does not have to abide by LA Housing Department requirements to end tenancies of longer-term residents.