Mayor Faulconer Proposes Plan for Short-Term Rental Industry in San Diego
Mayor Faulconer Proposes Plan for Short-Term Rental Industry in San Diego
San Diego - Mayor Kevin L.
Faulconer announced a new set of proposed regulations on the short-term
residential occupancy (STRO) industry that will be considered by the City
Council this month.
The topic has sparked over a dozen neighborhoods and town councils to have meetings and forums open for the public. July 12, 2018, Mack Langston of Pacific Coast Commercial was invited to give a presentation at the University City of Realtors luncheon to inform the group about Mayor Faulconer’s proposal. Langston is a seasoned specialist in multi-family commercial real estate and is also actively involved as a member of numerous Associations in San Diego. He brought two additional experts in real estate, Eden Yaege and Kyle E. Yaege, Law Attorney, to share the podium with him.
Photo: Eden Yaege (Left), Mack Langston (Right)
Mayor
Faulconer’s proposal would create the City’s first license-based system to
short-term rentals. Rental properties provide owners a revenue stream in
high-cost cities and they give visitors an alternative to expensive coastal
hotels. However, neighbors have complained in recent years that short-term
rentals can alter a neighborhood's character with over-crowding and disruptive
guests.
Under Faulconer's
proposal, all hosts would be required to register with the city, charge cost-recoverable fees to administer licenses
and enforce code violation. They would also hire additional staff to respond to
complaints about nuisance properties, establish a “Good Neighbor” policy; and
implement a per-night fee that would generate an estimated $3 million annually
for affordable housing projects.
Those with dwellings of
five or more bedrooms would need to acquire a neighborhood use permit. There
would be a two-license maximum per host: one for a primary residence and
another for a secondary home. There would be no license limits in Mission Beach, however. Faulconer
said, “short-term rentals are already part of that community's history and
character. All coastal and downtown communities would require three-night
minimum stays.”
The
proposal is on the agenda for noon, today, July 16, 2018 at City Hall. There is
potential for a vote after an estimated lengthy discussion period and comments
from the public on this controversial topic. This subject has recently been
dealt with in Los Angeles, San Francisco, Santa Monica, Pasadena, Miami Beach
and Boston. At least two other proposals from Councilmembers have been
released. The session on Monday is expected to be a long one.
Additional Information on Mack
Langston’s Guest Speakers
Kyle
E. Yaege, Esq., Partner at the Law Firm of Hickman &
Robinson. Kyle E. Yaege is an experienced advocate with almost a decade of
experience as an attorney in Southern California. Over his career, Mr.
Yaege has helped hundreds of clients ranging from fortune 500 banks, to local
sole proprietors and individuals. Mr. Yaege's practice emphasizes the
areas of real estate, business, and employment law, including litigation of
cases through enforcement in California's State Courts, Federal District
Courts, and administrative proceedings.
Eden
Yaege is the Chair
of San Diego Coalition of Town Councils, the President of Clairemont Town
Council, and on the General Counsel at Square Development Corporation.
Pacific Coast Commercial Website
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