Are people using cohosts?

[Clay Lyddane]

How are folks in highly regulated STR markets getting around residency requirements when they are investing out of state? Are you paying a cohost or is there another smarter way?
There are a number of cities like San Francisco, which don't let you own any short term rental unless you are a resident of the city.  I already don't want to manage the property myself so maybe just a local managing group, but I am not sure if that meets the criteria.

[Andrew Street]

Great question! Cities like San Francisco do have strict residency rules for STR so managing a property from out of state can be tricky. Most investors rely on local co-hosts or professional management companies, but in some cases, that alone doesn't satisfy the city's residency requirement.

If you’re not planning to manage the property yourself, the safest approach is to work with a reputable local management group and verify the city rules first. Sometimes investors also explore nearby areas with more flexible regulations.

Navigating these rules can be confusing, but with the right local partners, it’s definitely possible to invest and manage remotely without any headaches.

If you want to chat about this further, let me know, I’m happy to help!