This isn't something that we can deal with.Our bond council and underwriter (top 5 firms) suggested that we gather a group of private investors to back the bonds through the construction and fill up period (first 18 months).

Big Bear is a great place to have a STR; however, they have shifted and the council has still been back and forth on a moratorium for STRs in Big Bear and Big Bear Lake.

I can see the writing on the wall with our overly left city counsel, don't get me wrong they have done a lot of good , but when one council member starts thinking that a rent boycott is a good idea ???

Last, I noticed you have storage in Council Bluffs.

Renting it out, vetting tenants, carrying out fixes, receiving letters of complaint from the council (grass not being mowed, or things like that), and whatever else I don't yet know about, which I'm more concerned about.

I have a few friends who went to a council meeting this week I'm going to ask around...

What we really need is a new city council.

I would highly recommend you seek legal council.

-Md-W.V.0.00 2.2590Omaha-Council Bluffs, Neb.

David if you fly to the area see what other buildings in the close proximity are doing.If all include utilities tenants for the area will be conditioned to it and go down the street if you try to sub meter out.If most buildings have been sub metered for the area then it might make sense.As far as redevelopment you have to look at future use.Maybe the city will allow your current zoning say for example of 100 units to be changed to a more dense project of 400 units on the same property.By the city offering tax credits or bonds you will add new product with a higher assessment to improve the look of the area plus put more money into the cities budget.I talk to council reps for their districts in my states.What's on their mind is how to balance the budget and how to improve their district with quality and more money coming in.At some point the old units will be torn down even if performing and regenerate.Every area regenerates.It might take 50,60 years etc. but it will.This is why in high density cities where no more land is the buildings will be torn down and built new again.No more space is there so you have to go up in size and a more efficient design.When I look at a property I think of all the possible exit strategies with it and what it could become.If the location is great developers will pay a premium to tear down and rebuild new.When the boom happened everything was expanding and banks and developers had the "build it anywhere and it will not fail" mentality.Now that they have been stung hard with banks having bad loans and developers and corporate companies having failed projects or failed locations selection is the key.Development will come back but it will be much more selective.