LA sues Airbnb, accusing rental platform of price gouging after January fires - LAist
Summary
The city of Los Angeles is suing Airbnb, alleging price gouging after January fires. Hosts in LA and potentially other markets where disasters occur should be aware of potential legal actions related to pricing strategies during emergencies.
Key Insights
- •LA is suing Airbnb for price gouging, implying a potential scrutiny of pricing practices during and after emergency situations.
Action Items
- ✓Review your pricing strategy to ensure compliance with local regulations, especially regarding pricing during emergencies and disasters.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to comply with local pricing regulations could result in legal action from the city and potentially significant fines. Consider reviewing insurance policies to understand coverage for potential pricing related disputes.
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St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
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