Los Angeles rental listings site RadPad has added short-term rentals as an option for tenants and landlords.
Traditionally, the site focused on long-term rentals and was primarily in competition with sites like Craigslist and West Side rentals. Now, it joins sites like Airbnb, VRBO and Home Away, in offering homes and apartments for short periods of time.
But, RadPad CEO Jonathan Eppers tells KPCC the short-term listings on the site won't be as short as one day. Rather they'll list week-to-week and month-to-month stays.
"It's one of the biggest requests we've got... [renters] want more month-to-month options. They want more flexible leasing options."
USC's Raphael Bostic said he sees a trend in renters wanting more flexibility in leasing arrangements.
"Why do we have such a very structured lease setup? You don't see the three month lease. You don't see the five year lease for that matter. And part of it I think has been conventional wisdom. Part of it's been technology challenges," he said. "So I think what's happening is that we're learning about the market because of these disruptive technologies, and it's leading to the emergence of a whole host of new relationships."