Tuesday, September 24th

Announcements:

Monday, September 30th, 6:00 pm, 65th Annual Installation Dinner, Bali Hai, Hawaiian attire requested.  The installation of the 2019-20 Board of Directors, Officers and new Club President Jeff Fischbeck

NO BREAKFAST MEETING on October 1st

Tuesday, October 8th, Breakfast Meeting, 7:00 am, SDYC, Speaker to be announced

Tuesday, October 15th, Breakfast Meeting, 7:00 am, SDYC, Speaker to be announced

 

Pres Steve Doyle & new member Matt Griffith

Program:

Matt Griffith was officially welcomed into the Optimist Club of Point Loma today.  Matt is a Point Loma resident and works for Centura Wealth Advisory.  He is excited to be an Optimist and is a strong believer of giving back to the community and providing for the youth of our community.  Welcome Matt!  We are glad to have you as a member of our Club!

 

Sea Breeze Vacation Rentals was founded in 2002, and it started with just one home, the company’s owner’s home!  Today they are one of the largest vacation rental management companies in the industry with over 400 properties under management.  They specialize in Southern California beach homes and offer properties in Cabo San Lucas, Mexico and Costa Rica for international travelers.  “Our success has been predicated on our ability to provide an exceptional guest experience while building a trusting relationship with each property owner.  We do this by treating each home as if it was our own,” this according to Lucas Murdock, the company’s Vice President and General Manager.

“We like to spend some time getting to know our prospective properties and their owners.  We will provide the owners with income projections from vacation rentals and compare the income to that of a more traditional long term rental.  The difference can be startling,” he told us.  Most of their new owners are considering vacation rental benefits for the first time.  But, these benefits also come with some risk and costs that do not occur with the longer, traditional rental program.  Properly preparing the home for vacation rentals in important.  Whether the home is currently furnished or in need of furnishing, Sea Breeze can help owners select the appropriate pieces, materials and required accessories.  Lucas believes the best owner/vacation renter experience occurs when both parties enter into a short term lease with equal expectations.

Lucas Murdock, VP of Sea Breeze and Pres Steve Doyle

Sea Breeze Vacation Rentals manages the property for the owner.  Sea Breeze will find the renter, qualify the renter, collect the rent, provide housecleaning services, 24 hour security for the home, and ensure all house rules are followed.  “We have a “no second chance policy”.  If a guest is not following the rules, they will be contacted immediately and told to cease or be required to vacate.  We will even involve local law enforcement, if necessary.  Luckily, we have not had to go to that extent yet,” he shared.  Sea Breeze believes in a “good neighbor” policy and will work with local residents to provide them with a 24 hour phone number to report any “bad behavior”.

Sea Breeze is also very involved in the local and state politics surrounding the vacation rental business.  A recent San Diego ordinance was recalled and may be up for consideration again later this year.  At the state level, a new “rent stabilization” law was recently passed by both legislative houses and sent to the governor.  As of 9/24/19, the governor has not acted on the bill (AB-1482).  How this new law may impact vacation rentals is not yet determined.  Lucas told us, “We will be watching this bill closely to see what impact it may have on short term rentals.”  But, the language in the bill exempts single family residences unless owned by a real estate trust or a corporation.  That leaves the issue of vacation rentals for attached units undefined.  If you have interests in the vacation rental business model contact Sea Breeze Vacation Rentals through this link.  Thank you Lucas, for the interesting presentation.

 

 

 

 

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