What to Expect from the Short Term Rental Ordinance
On February 23, the San Diego city council passed a short-term rental ordinance to regulate the vacation rental industry. When enacted, property owners will have extra rules to keep in mind in order to keep their business within the laws of San Diego and Mission Beach.
These new additions range from restrictions on available licenses available per person to putting hard limits on response times for maintenance and owner intervention on disturbances, all of which are very important to keep in mind if you own a property in the area. On top of the aforementioned points, the ordinance brings into effect several other new rules for property owners to consider in San Diego.
A cap on outside-Mission Beach whole-home short-term rentals at 1% of the city’s housing stock, which in turn will lead to a smaller number of available properties from which to choose for the prospective rental owner.
Capping whole-home Mission Beach rentals at 30% of the community’s housing stock, which will lead to a similar effect as above.
Part-time short-term rental operators can obtain a license at lower annual fees to accommodate high visitor events.
There are no caps on home-sharing when the owner lives on-site. Fundamentally, this encourages you, as a property owner, to stay on-site to maximize profit.
Instates a yearly assessment of the program to determine if it is equitable and effective.
Under the new ordinance, a local contact who is able to respond to a disturbance at the property in one hour or less is required. This will essentially require having someone “on hand” at all times to monitor your property regardless of the size of your operation.
Short-term rental owners are given a maximum of one license per person.
The ordinance creates a detailed Good Neighbor Policy along with strict enforcement guidelines, a fine structure for violations, and a license revocation.
Steps Moving Forward
While open to review every year for updates or alternations, these short-term rental regulations take effect immediately and set clear limits on owner-managers looking to enter this market. Of particular note are the several instances that require property owners living on or close to the property in order to maximize profit or ensure coordination in prompt response times to disturbances.
As a property owner, these regulations are all things that are important to keep in mind when you are looking to rent out property you own in the San Diego area.
At 710 Beach Rentals, we are dedicated to providing excellent service and memorable stays to keep our guests coming back year after year! Partner with our San Diego property management team, and allow us to take the stress out of owning a vacation rental, all while generating more money for you as an owner!
For a free property evaluation, be sure to fill out the form above and our team will follow up with you soon. With the new short-term rental ordinance, now is the best time to use trusted property management in San Deigo CA to ensure your vacation rental is compliant and meets all requirements necessary in the area. Do not wait any longer! If you have any remaining questions, please do not hesitate to contact us!