How to Rent a Room Share Los Angeles
Los Angeles is home to more than 5 million Airbnb hosts, many of whom are seeking to make money off the Airbnb platform, but some are also looking to rent out their homes.
A study conducted by Airbnb in January found that about one-third of all hosts were looking to earn money by renting out their rooms, though it is unclear how much income Airbnb makes from the process.
The study found that roughly 80 percent of hosts said they had rented out their home in the last six months, and the average rent per bedroom in the United States is $1,972.
Airbnb has been targeted by the U.S. government for possible tax evasion and money laundering.
In May, Airbnb agreed to pay $6.4 million to settle charges it was hiding its profits in foreign tax havens.
While the company has yet to officially comment on the study, a spokesperson said the company is working with tax authorities to identify hosts with properties in foreign countries.
Airbnb is not the only platform to seek to profit off the popular Airbnb platform.
Airbnb said in March it would offer a new service, “rent-a-room,” in which hosts would pay an additional fee to rent their rooms out for an hourly rate.
The service would allow hosts to rent the same property out to guest, or a family member or friend.
Airbnb also has a program in the works called “renting a room share” where hosts would be able to rent a room out for a flat fee.
The company also said that it will begin offering “shared home sharing” for families with children and pets.
Airbnb, which also allows people to rent rooms out to family members, has also been targeted for a crackdown by the IRS over potential tax evasion.
Airbnb had $5.4 billion in total revenue in 2015, according to a report by the Tax Policy Center.