All Forum Posts by: Alex Persons

Looking for information around STR rules and duplexes in LA. I live in one side which would be my primary, but does anyone know about LA STR for the other side? Wondering if it falls into the 120 day exemption rule since it's 1 building with 2 units or how to obtain a STR permit for that vacant side.

@Michael Porche Hey Michael, thanks for your insight! I wasn't sure if the fact that the number of rentals are below triple digits that this is an issue. Good to know it may not be good or bad but may be riskier. And we're comfortable with the seasonality. I heard of investors from the Midwest having a higher CapEx than the sunshine states so glad this isn't an issue! This is very helpful. Thank you!

@Jason Kudo Hey Jason, that’s great. Nice to meet someone local! We were still looking for properties in the desert there but couldn’t find one we like or make the numbers work at the moment. Did your client in Fox Lake get back to you? Thank you

@Andy Smith that’s a great thought, maybe somewhere in the Lake Geneva area may work better with the rules and regulations and be better for taxes. Let me know what you find and we’re looking for financing!

@Andy Smith Hey Andy, really appreciate your insight! Do you know which townships do or don’t allow STRs? Not sure if they will have ordinances for STRs at any point? Thank you

@Jonathan Klemm Hey Jonathan, thanks for the insight! We’ve been doing all this research and forgot to check how many active airbnbs there are in fox lake. It’s looks like there’s 33…and about 50 in Antioch…I’m not sure if this is an opportunity or an issue. We’ve gotten in contact with the Village Hall and haven’t gotten a definite answer on the ordinances of STRS

@Jason Kudo Hey Jason, that so helpful. I didn't know that about the future of STR in Joshua Tree. I see you're in Pasadena and that's where I work! Do you have the contact of the local agent in Fox Lake and would I be able to reach out?

@Kenneth Garrett Hey Kenneth, thank you! I’ll contact Fox Lake and and try to learn more about the special use permit process 

@Robert Reynolds that's great news! We're still looking in Joshua Tree. We jumped out of yucca after talking to the less than pleased to talk about STR City Hall, and learning more about the ordinances. I guess the cap is 10% and if you ever wanted to sell the permit is non transferable. So we got out of Yucca because of that

@Robert Reynolds Hey Robert, I've been looking in the Joshua Tree area for rentals but the market has been tough. I also saw there is a 45 halt on issuing STR permits on properties in the San Bernardino County. Do you know the future of STR's in San Bernardino County?