Cohousing-L Mailing List: Re: Rental Percentage? Participation Levels?

[fergyb2 (fergyb2]

Swans Market Cohousing in Oakland, CA has 20 units only one of them rented, 
currently.  We have had as many as 2 rented (10%) in the past.  Our owners have 
agreed to rent only to people who want to participate in the community and for 
the most part that has worked out well for us.  We have had a couple of short 
time renters who were not a good fit and they moved on.  Our current renter 
family is about to buy a recently available unit which makes us happy, as they 
have  been a valued family in our community for years.  We don't have a cap 
currently but lenders are reluctant to lend when the percentage of renters in a 
condo association rises above 10% so that is something to consider.
     Bonnie Fergusson
     Swans Market
     Oakland, CA.

Sent from my iPad

On Mar 20, 2016, at 9:44 AM, Susan McFee <susan.mcfee2020 [at] gmail.com> wrote:

> 
> What is your percentage of rental homes?
> How are your participation levels in comparison to that amount?
> Our community had a discussion when we were close to 10% full suite rentals
> and there was no consensus around capping it. Now that we are at 26%
> rentals and inching closer to 70% home owners there are a few questions
> being raised about participation and parking, especially since other
> stratas cap their full suite rentals at 10% or follow rules such as "first
> home owner of a unit may rent - when the unit is sold, future home owners
> may not rent".
> We haven't compared the mix of owners who participate and owners who don't
> to the renters who participate and renters who don't - so that may be a
> step prior to community discussion.
> We are also in a transition phase between consensus and Sociocracy, and the
> new levels of transparency appear to be encouraging action in a wider
> variety of areas.
> Thank you for any insights, stories or suggestions you respond back with,
> Susan McFee
> WindSong Cohousing
> susanmcfee2020 at gmail dot com
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