Gas Price Hike, Minimum Wage Increases and Airbnb Changes: New Laws in California July 1st - California Globe
Summary
This article discusses new laws in California, effective July 1st, including gas price hikes, minimum wage increases, and changes potentially impacting the short-term rental market. Hosts in California should be aware of these changes and understand their potential impacts on operational costs and profitability.
Key Insights
- •The article mentions new laws coming into effect, including gas price hikes and minimum wage increases, which will likely impact the operating costs of STRs.
- •The article mentions Airbnb changes, which hosts need to stay informed of.
Action Items
- ✓California hosts should research these new laws and understand the specific impact on their STR business expenses and operations.Effort: lowImpact: medium
Watch Out For
- ⚠Failing to comply with new regulations could result in increased operating costs or even penalties.
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