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All Forum Posts by: Olena M.

Olena M. has started 22 posts and replied 86 times.

Post: San Diego Social--NORTH COUNTY

Olena M.Posted
  • New to Real Estate
  • San Diego, CA
  • Posts 101
  • Votes 78

@Amit P. we will be partying all night and we will sure miss you.

Post: San Diego REI Social - Friday September 7th

Olena M.Posted
  • New to Real Estate
  • San Diego, CA
  • Posts 101
  • Votes 78

@Account Closed we will see you there!

Post: San Diego REI Social - Friday September 7th

Olena M.Posted
  • New to Real Estate
  • San Diego, CA
  • Posts 101
  • Votes 78

See you all tonight! If it starts raining, we may need to move inside. Again, just look for bigger pockets signs. :)

Post: SD council votes to limit Airbnb rentals to primary residences

Olena M.Posted
  • New to Real Estate
  • San Diego, CA
  • Posts 101
  • Votes 78

Since there is a 3-day minimum rule on all short-term rentals in downtown and coastal areas, I propose that the same rule is applied to all hotels in those areas. In addition, $1,000 fee per year per room is charged to any hotel that wants to rent their rooms for more than 6 months out of the year... sounds fair? 

What we will see more of is people putting their properties on the market because they will never be able to break even with long-term tenants. It is possible that those homeowners in PB and OB that lobbied against short term rentals will see significant decline in their property value. 

They estimate there are about 11,000 airbnb properties in San Diego currently and 80% of them will be eliminated by the new rules. You do the math.

Post: SD council votes to limit Airbnb rentals to primary residences

Olena M.Posted
  • New to Real Estate
  • San Diego, CA
  • Posts 101
  • Votes 78

@Keith Meyer, the way I read the ordinance, granny flats and ADUs on the same parcel are  excluded from the 6 month limitation, but I think the owner must be present on property. 

"The adopted regulations (Municipal Code Chapter 5, Article 10, Division 1) allow hosts to rent their primary residence for six months out of the year as a whole home rental with a license and one additional license for one dwelling unit that is on the same parcel as the host’s primary residence. Home share does not require a license and is allowed for the entire year with registration." ...... 

..... "Home share is the use of a room or rooms in a host’s primary residence with the host residing on the premises during a guest’s stay for less than one month."

Post: Detached garage conversion

Olena M.Posted
  • New to Real Estate
  • San Diego, CA
  • Posts 101
  • Votes 78

@Andrew B. We are currently converting/permiting an old garage into a detached studio.

I would definitely look into zoning and talk to the contractors first. 

There are some restrictions and challenges you will have to face with conversion of an old structure. The inspectors in San Diego are quite picky and we are totally behind schedule and overbudget on our project. 

Post: San Diego REI Social - Friday September 7th

Olena M.Posted
  • New to Real Estate
  • San Diego, CA
  • Posts 101
  • Votes 78

@Victor G. definitely! Is @Michael Swan coming?

Post: San Diego Real Estate Investor Happy Hour in July?

Olena M.Posted
  • New to Real Estate
  • San Diego, CA
  • Posts 101
  • Votes 78

@Bradley Kirschbaum We have the next one coming up on Friday, September 7th. Check out events page 

Post: San Diego REI Social - Friday September 7th

Olena M.Posted
  • New to Real Estate
  • San Diego, CA
  • Posts 101
  • Votes 78

Our next event will take place on Friday, September 7th. Please RSVP if you are planning to attend. The event will be held on the patio. Look for BP signs. 

If you would like to be added to our mailing list to stay informed about upcoming events, please DM Olena McCormick or @Travis Rasmussen

Disclaimer: This event is not sponsored by anyone and there will be no sales presentations. Come enjoy local beer and network with real estate investors/professionals just like you.

See you all there.