All Forum Posts by: Account Closed

@Walker Hinshaw I know there is the ParkHill one (f/k/a A mart) and have been told the area doesn't have enough density to warrant a large grocery store. Yes, the delivery is quite handy and the new Natural Foods is going in RiNo soon. 

@Walker Hinshaw Curious about if there is an update regarding a grocery store in Clayton?

@Lia Martinez From what I understand, you can claim depreciation and expenses as a percentage of the house that is rented, but if you aren't claiming it on your taxes, that's another issue altogether. If you go to buy another property, won't the lender want to know where the extra cash is coming from/how it's being accounted for? If there is a stove in the basement, fire laws will also come into play if not permitted.

@Bill S. The fact remains it is still the law and I believe there are square footage per person requirements on top of that. The fact that we ran into it three times last year for private renters tells me that they have some reason they don't want to take on that liability (personal experience perhaps). I do agree that the purpose of the law should be readdressed. 

@James Carlson Yes, that's true. I know when we were looking for rentals (private landlords only), they refused to allow us to have roommates due to the unrelated tenants law, as they were unwilling to take on that risk. These were in full out houses with 3 bed/3 baths and ones that were 2 bed/1 bath. I'm guessing they were doing it based on experience or knowing their neighbors may complain. It's very interesting to me that airbnb gets around this legality, or so it appears. I would think that based on the affordable housing crisis, they would allow for more unrelated tenants vs airbnb guests, but perhaps they receive more tax from airbnb. 

@James Carlson Considering it's zoned SFH, that's a lot of income for what it is by code. I'm guessing feds wouldn't care, but it's a pretty big risk considering zoning laws.

@Lia Martinez Are you concerned that the amount of income you are taking in will be a red flag when you do taxes? 

Thank you @Drew Fein! I will need to do some more research on this and about the tax implications. I don't like surprises so would love to find a tax person/attorney that has experience with this. 

This is what I found: How many guests are allowed to stay in an STR?

STR hosts have the ability to set their own guest maximums. However, per the Denver Zoning

Code (DZC), STRs are accessory to primary residential use, meaning the overall character of the

property should remain residential. The DZC also explicitly states that STRs do not include rental

of a dwelling unit for commercial events, such as parties or weddings. Additionally, only one

rental contract may be allowed at a time in any STR. Multiple rental contracts to separate

parties in an STR are prohibited.

Oh, right, it would be the same problem with the unrelated tenants limit. It seems I continue to go in circles with a legal solution. Due to the fact that there is a shortage of affordable housing in Denver, it seems a bit silly. So it appears the only legal solution would be to get married and have 1 unrelated tenant (or airbnb person) legally. Then, would we be able to get a permit from the city for an additional person, making it legal to have 4 total people (us 2) and then 2 extra people? 

If I got married, we could only still have only one additional tenant though since the third person wouldn't be related to us right? Well owner occupied airbnb is not illegal, but we would need to add an egress or just rent one room.