All Forum Posts by: David Lowe

@Jermaine Chad Ingram As long as you have a Transient Occupancy Registration Certificate, you can do short term rentals. Owner wants to charge me $7k/month 

@Michael Baum Thank you. How can I make this property work in your opinion? Owner of the building is looking to re-finance so is looking for $7k/month as a rent. 

@Dan H. Thanks for the really interesting insight. I appreciate the thorough info and your wisdom. Still learning about City vs State regulations. How can a City pass something and the State not? How does anyone know what they can and cannot do if the City & State can't agree on anything? That seems crazy and a system that is destined to fail. I heard that San Diego legalized cannabis but the Feds can essentially close businesses down if they don't like them. 

@Paul Sandhu Fair point. I was just concerned if a bathroom was being shared between 2 bedrooms and it was occupied, the other bedroom would need an emergency bathroom. Nice idea re: displaced people. 

@Michael Baum Thanks for the link. Have you done any ventures in SD? Yes, a 30 day min would definitely help build the coliving community versus STR higher revenue.

@Jermaine Chad Ingram Excellent point. Could you answer the questions assuming a 1 week minimum stay? And have you experienced any coliving spaces? Sounds like you value community which is awesome. 

@Paul Sandhu Thanks for answers. 
1. OK
2. I've updated and added the question. 
3. OK
4. I haven't seen this done for Airbnbs but maybe that's because they are the ones operating illegally. 

The opportunity: 
7 bed house in North Park, San Diego. 1 shared bathroom per 2 bedrooms. Large communal kitchen, living room, outdoor lounge area. I want to create a coliving community. 

The questions: 
1). What could I charge per room per night bearing in mind each bedroom shares a bathroom with another bedroom? 
2). There is an opportunity to turn 1 bedroom with its own bathroom into a communal area/extra bathroom for the community. You lose a bedroom but you gain a bathroom in case one of the bathrooms is occupied within the shared arrangement. Keep it as a bedroom or turn it into a lounge? 
3). Who would you market this to?
4). What channels would you use to market this?  

@Byron Cowart Thanks! Pushing hard for a Spring 2020 launch. I foresee Tijuana being the next San Diego suburb. I am meeting so many Americans moving there from SD. 

@Bruce Lynn Thanks for the recommendation. I used to live in Austin for 5 years! I'll check them out. Do you know the owner well? Could you introduce us?