San Diego – A new web-based rental account alleged Bungalow has confused into San Diego, alms adolescent professionals a adventitious to alive in a ample house in a prime adjacency for beneath than what they’d pay for a flat apartment.
Bungalow is already in 6 added cities, and now manages three homes in San Diego. One is in Bankers Hill, the added two in Point Loma.
Andrew Collins, Bungalow’s CEO and Co-Founder, says he created the aggregation afterwards actuality aghast with the rental acquaintance he had out of college. He capital to acquisition a way to let bodies alive a bigger affairs back they started their careers.
The aggregation searches rental listings for large, comfortable homes. They again acquaintance the buyer and align a three-year lease. Bungalow again rents anniversary alone allowance in the home.
Residents can accouter their own rooms. Meanwhile, the accepted areas are furnished. And several amenities like cable, internet, housekeeping and landscaping are all included. The aggregation additionally organizes and pays for accumulation outings to let association get acquainted with anniversary added and with their neighborhood.
Collins says Bungalow’s rooms about hire for 20-30 percent beneath than a commensurable apartment.
“What Bungalow does is we absolutely absolutely advice these individuals bung into and appoint in the association and become astonishing association for San Diego,” says CEO Andrew Collins.
Rents in San Diego accept skyrocketed in contempo years. According to a address by Market Pointe Realty Advisors, the boilerplate hire in San Diego is about $1,900 per month. The website ApartmentList.com says the boilerplate amount for a one bedchamber in San Diego is $1,550 per month. A two bedroom’s boilerplate amount is $2,020.
But Bungalow’s neighbors aren’t thrilled. In Loma Portal, area Bungalow manages a six bedchamber house, bodies who accept lived there for years say they anguish about parking issues. They additionally abhorrence that the website turns single-family homes into mini-apartment complexes, which could agitate the feel of the community.
“I apperceive it’s adamantine to get rentals actuality that are affordable, but I anticipate this is activity one footfall above that,” says Glynns Mueller, who additionally didn’t like the abstraction of a bartering acreage affective into her neighborhood. “I’d like to see it break residential.”
Neighbors additionally say they anguish it could about-face into an Air-BNB appearance rental, with a alternating accumulation of bodies affective in and out.
Collins says that won’t happen. He told 10News that Bungalow’s boilerplate charter is 10 months, and the armpit has an 80% face-lifting rate.
He additionally says anybody that moves in goes through all-encompassing accomplishments checks, including a bent accomplishments check, acclaim analysis and references.
“These are highly educated, abundant bodies with ambitious jobs that are in their backward 20’s and aboriginal 30’s,” says Collins. “They are in there for the continued haul.”
People like Elizabeth Meunier, who rents a allowance in the Bankers Hill Bungalow. She says she spent weeks attractive for an affordable apartment, but couldn’t acquisition anything. Again she begin Bungalow.
“As anon as I saw photos, it was like it was too acceptable to be true,” says Meunier.
She now shares the accommodation with three added people. Meunier says she could never accept afforded a abode like that after Bungalow.
“To be able to accept the befalling to alive in a admirable defended and safe adjacency is aloof a bold banker for me,” she says.
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