The Laguna Lido has recently updated their pet policy when it comes to those who are planning to rent a condo in the complex. This includes those looking to do a long term lease and those looking for vacation rentals as well. According to several owners in the building the policy does not effect owners who live there as they are still allowed to have pets. The rule takes aim at those looking to rent at the Laguna Lido as renters are not allowed to have pets. We recently had some clients who were looking to rent the property for one month in the summer time and were told by multiple owners that the new policy does not allow for them to have pets, only for the owners.
Located on the oceanfront, the Laguna Lido is widely considered one of the top condo buildings in all of Laguna Beach. Currently, the large majority of rental properties in this building are for short term vacation rentals with seasonal rates that see a huge spike in the summer months. For example, an ocean front condo that is normally rented at $7,500 a month is now rented during the summer months at $12,000 a month. This is pretty common throughout Laguna Beach and owners try to maximize their returns during the months of July, August and September. This is when the large majority of visitors come to Laguna Beach for a one month vacation. It's all about supply and demand and what owners are able to rent their place out for. It's key to remember that you are still able to negotiate off these prices. We have seen some owners asking for $15,000 a month for a high season summer month to come down to $13,500 after the renter offered 12,000.