Do you know who your neighbors are?
Corporate greed, NOT responsible home share hosts are to blame for destroying the fabric of our community. There are over 70 homes alone on Malibu Rd. that are full time vacation rentals pushing out long term affordable renters and valuable community members.
Malibu is essentially turning into one big ‘hotel’ community.
Monday May 7, at City Hall, 6:30 p.m. the Malibu City Planning Commission will hear the community’s input and review the proposed Short Term Vacation Rentals Ordinance.
Are you ready to take your residential area back?
Malibu resident and realtor James Weekley, BRE# 01996821, provided The Local with these graphics detailing the staggering growth in the vacation rentals industry in Malibu and with LA City passing some new guidelines for short term rentals, it opens the doors for these corporations to move their income producing properties to Malibu, already overrun by corporate entities scooping up properties and turning them into hotels.
There are responsible home share hosts managing their properties by being present on site, however, unless guidelines and laws are put in place to regulate and ensure properties are managed by owner-operators who actually occupy the premises, Malibu will be overrun by corporate run vacation rentals and completely lose the quiet, rural coastal beach town vibe we all moved here for.
According to Airdna, LLC as of 5-3-18, they have listed 585 active rentals in Malibu with 86% of those being
the entire home.
Once summer hits, predictions are that it’s possible Malibu will reach 1000 active rentals in 2018 and growing each year.
If you cannot make the meeting in person at City Hall, please email your concerns to kstecko@malibucity.org and include the Agenda Item No 5C in your email subject line.
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