Are MF also under the short term rental control risk in SD?

[Michael Ndjondo makadi]

Last year a short term rental law that limits short term rents in residentials in San Diego was passed then rescinded.

I was wondering if that legislation is enacted in the future, will that concern MF (>= 4 units) also. I have been thinking on buying a first MF here in San Diego and rent it short term as a way to quickly grow my portfolio with the potential higher cash flow. Any advices will be very welcomed. 

[Donald E Appleberry]

@Michael Ndjondo makadi

Hey man,

There a lot of back and forth in the city politics about this right now. A lot of the candidates are using AirBnb/short term rentals as a big point in their running platform. So it's hard to say for sure. However, I know a few investors with >4 unit buildings who do short term rentals with them. I think the big pushback is for condos and SFR in beach areas like PB. If you're outside downtown or not directly in the center point of busy areas you're USUALLY good.

I have one guy I work with that bought a multi million SFR on a golf course that found out after close his building was the only one not allowed to Airbnb. (I wasn't his agent btw) haha. SD has a lot on paper but what they actually enforce or abide by seems to be hit or miss.

All the best,

Donald Appleberry