College - Author 1

College of Architecture and Environmental Design

Department - Author 1

Construction Management Department

Degree Name - Author 1

BS in Construction Management

Date

6-2019

Primary Advisor/Subject Matter Expert

Andrew Kline, Phil Barlow

Abstract/Summary

This paper explains how a comparative case study was conducted to determine why some single-family homeowners in the San Luis Obispo area are converting their residences into multi-unit rental properties that can be rented out to several students rather than one family or couple. Through individual, semi-structured interviews, information was gathered on the homeowners' thoughts and experiences regarding the process and results of construction, the rental market as a whole, and the newly realized convenience or difficulties associated with the change in client base. It is important to note that one of the properties is divided into two sections. One of these sections is dedicated to multiple student rental units while the second section is where the homeowner lives and manages the property. The second property is divided into four units that are occupied only by students while the homeowner lives and manages the property in a separate location. This distinction enables the comparative case study to identify what may contribute to the convenience or difficulties associated with coordinating these multi-unit rental properties. Both homeowners found the conversions to be profitable even with their different situations and levels of conversion.

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Real Estate Commons

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