Is your rental at risk? Understanding California law SB 584's 15% tax

Summary

The video discusses the potential impact of a new bill that could impose an additional 15% tax on short-term rentals in California, bringing the total tax burden to around 30% and significantly affecting profitability. The video emphasizes the importance of understanding the implications of the legislation and planning how to minimize the impact, and recommends diversifying with mid-term rentals to mitigate potential losses.