Aug 29, 2013 7:04 PM by Keli Moore, KSBY News

For rent: Not in SLO

Cal Poly's fall term starts in less than a month, and San Luis Obispo is getting busier as students head back into town.

That means finding a place to rent in SLO just got harder, and as one man found out, it may be next to impossible.

Alex Nishi has been living on his friend's couch for the past three weeks.

Nishi said he originally planned to stay with his friend for a week, and would move out once he found a place, but finding a place has proved difficult.

"Every place that I go to, there are 20 other applicants trying to get the same spot," Nishi said.

According to Curtis Mortenson, owner of San Luis Property Management, this could be due to an increase of renters moving into town from out of the area. He said it also could be that Cal Poly's freshman class is 25 percent larger than last year.

San Luis Property Management started out with approximately 170 vacancies in March, and by the end of July they were all rented out.

Mortenson said, "All the other major management companies are down to two or three units."

San Luis Obispo has a cap on housing developments, and local developers said that there haven't been any major housing projects in the past five years.

Without an increase in supply, the demand for housing has just gotten greater.

In the meantime, Mortenson said that people have resorted to couch surfing or trying to rent rooms out of people's houses.

That is exactly what Nishi plans to keep doing until he finds a place of his own.

"I am just going to keep looking. I have a theory that once college starts and everybody finds their place, there will be less competition," said Nishi.



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