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So, we have bought and/or are in the process of buying several houses in Pueblo, all within a block of each other. These are simple, modest, but clean homes. Our intention, in a few years is to include them in an Autistic community here. Until then, we have been planning to live in one and rent out the other 2 [possibly 3] There is only one that has 3 bedrooms [the others have 2] and as soon as it closes we will be moving into it, either as our permanent home or just for the minimum year required in HUD owner occupied homes.
so, we were planning at renting the other 2 [possibly 3] and possibly get a room mate. Then we started thinking maybe we should rent out the room as an airBnB. At $30 a night, occupied half the time, that would come to $450 a month.
Which made us wonder if possibly we should rent out full houses as airBnBs'. heck, MAYBE after we have actually grown into an Autistic community, we could probably rent out houses for people to stay in or a week or so to get involved with our community in order to help them start an Autistic community in their oown area.
What I envision. as far as commerce, education, healthcare, recreation, etc. are all scheduled until long after my personal schedule has run out. but now, UNTIL people come, what do you think about going at least partially airBnB?
What does your local zoning permit ? Doing that where I live would make your homes into hotels which would not be permitted in residential zones.
Check with your local municipal zoning department. You don't have to give them addresses but just explain your general scenario and see what they say. Get it in writing if at all possible.
You also need to check with an accountant and discover how you would have to tax your guests, how this would impact your yearly income, etc. Lots of bookkeeping and time on your part as you would be running a business.
Let me ask you a question. What do you think would happen to the neighborhood if there are homes within it occupied by transients ? That's what AirBnB is- transients. If I was looking to buy a house there is no way I would buy next to a property that was being used as an AirBnB rental. Even more so if I looked at the neighborhood and realized that a number of homes were being used as motels. Do you think property values might drop ?
Last edited by willow wind; 01-03-2016 at 02:30 PM..
Please research news articles concerning the uprising neighbors are having about airbnb. You may find that the hassle isn't worth it. And the idea of different people coming and going, who will have different needs, may very well keep you running more than you want to. You'll have to clean up each time a guest leaves and get it ready for another. Much easier, imo, to have long-term tenants.
I wouldn't want to do it, and I know my neighbors wouldn't want me to. Vacationers have a way of not caring about the area. And since it sounds like you plan to be in that spot a long time, being a good neighbor is important. You simply can't vet airbnb'ers the way you can long term tenants.
Let me ask you a question. What do you think would happen to the neighborhood if there are homes within it occupied by transients ? That's what AirBnB is- transients. If I was looking to buy a house there is no way I would buy next to a property that was being used as an AirBnB rental. Even more so if I looked at the neighborhood and realized that a number of homes were being used as motels. Do you think property values might drop ?
This is causing a huge uproar in the neighborhood one over from mine where investors have bought up $500K houses and rent out the entire thing to loud, obnoxious bachelor and bachelorette parties. There is talk of lawsuits and more city rules/regulations. And quite a few angry neighbors who bought expensive houses not knowing they were moving into a "motel row".
This is causing a huge uproar in the neighborhood one over from mine where investors have bought up $500K houses and rent out the entire thing to loud, obnoxious bachelor and bachelorette parties. There is talk of lawsuits and more city rules/regulations. And quite a few angry neighbors who bought expensive houses not knowing they were moving into a "motel row".
Short term rentals seem to be very popular in some places. In one Oregon town that I am following on CD, the city recently limited the number and density of these due to neighbor's complaints of noise and traffic and imposed other restrictions. Also there were complaints that landlords, preferring the more lucrative vacation rentals, were contributing to the town's dire shortage of long term rentals and high rents. Most seemed pleased with the new regulations but many complained that the restrictions were unfair and violated the landlord's freedoms and free enterprise. In my southwestern city, short term rentals are considered a commercial activity and not allowed in single family residential areas (R-1).
This sounds like a great plan, particularly the AirBnB room for those wanting to find out more about your autistic community.
Check out your zoning first, of course.
Good luck.
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