Hybrid Rental AIRBNB

[Jeff Bonner]

Crazy idea to run by BP.

I have a SF rental with a basement apartment/inlaw suite. The property is 5 miles from a large university, and a little closer to the majority of a relatively vibrant tourist area. Right now, I rent the entire 5/2.5 to college students, and they've indicated a desire to renew their lease for a 2nd 12 month term. Last year, they rented the entire house and then pretty much vanished from the house for the summer. This year I have a new idea that I want to run by the BP community.

What I'm considering is seeing if the current students would renew for another 12 month lease, but vacate the use of the basement apartment for the summer, which would allow me to AIRBNB the basement to tourist for the summer. I have considered many options on how to work this sort of custom lease, but ideally would like to reduce their lease over the summer months while they are not planning on being around, then pursue short term rentals until they return. I would probably have to take over utilities during this time. When they return in August happens to coincide with a slowdown in tourism, so it would probably make the most sense to just work it out where they have the entire house during the school year; but I suppose if they had an interest in just renting the upstairs unit all year, I could consider trying to continue to airbnb the house all year.

Has anyone ever done anything like this, and if so, do you have any input? 

Thanks, Jeff

[Andrew Wong]

You cant rent out rental homes on AirBnB in SF if it is not your primary residence.