Rentals in San Luis Obispo

[Daniel Murphy]

Hey all, I have a client who wants to buy a property in San Luis Obispo to eventually move into as their home when they retire. 

I'm just trying to educate myself on the area. Are STR's allowed in SLO? How is the market for either short, mid or long term rentals?

Any light you can shed on the area would be incredibly helpful! 

[Clayton Plummer]

@Daniel Murphy 

I went to college in SLO.  It's mostly a college town.  There is California Polytechnic State University and Cuesta (the junior college) in the area.  There's also a state penitentiary in the area, the California Men's Colony. 

Most of the inventory in SLO from the 101 north is going to be college kids.

You start heading south on Johnson past the French Hospital and it starts to get residential.  South of downtown is mostly residential heading out on Broad as well.  

Morrow Bay is more of a retirement community.  It's a short drive north from SLO on the PCH.  It is more of a typical sea front town with a lot of seafood restaurants and surf shops.

I don't know if SLO allows STR's (or mid-terms) There are two hospitals: French and Sierra Vista. So, maybe there are nurses rotating through?

SLO is definitely a rad little town.  I know I loved it there.  Lots of stuff going on in town, not just college things.  Tons of outdoor activities because of all the surrounding mountains.  The Pacific Ocean is super close and Avila beach is the best beach to visit in the area.  Hot springs, wineries, farmer's market, the downtown is a fun collection of shops, etc.

Have fun exploring with your clients.