San Diego STRO Ordinance

[Cory Kerr]

Hi BP,

I'm trying to understand the new San Diego short term vacation rental ordinance that will go into effect July 1, 2019.

The ordinance refers to regulating "Dwelling Units" but in looking up the definition I now how questions on what the differences are for other structures and if they are a way around the regulations.

What's the difference between a Companion Unit and a Dwelling Unit?  Would a Companion unit not fall under the STRO regulations?  The Multiple dwelling unit definitions seems to exclude Companion Units as Dwelling Units.

Thanks,

Cory

[Cody L.]

If you have a duplex, or a house with another unit on the same lot, you can rent that other unit as a STR. Your "main" unit can be leased as STR for 50% of the year. I have friends with STRs. Some of them 1-2 units. Some of them 10-20+. All have a few ideas of loopholes on how to get around the law.

Oddly enough, none seem worried.  And I guess that's the common feeling as I've seen zero softness in the market.  I figured you'd have some STR owners trying to not be the last one to unload but that's not happening.  The market to buy is still just as hot. 

If San Diego really actually enforces the law, then maybe these owners will sell.  But I doubt it.