View of the Reno Sparks night skyline from Rancho San Rafael Regional Park
View of the Reno Sparks night skyline from Rancho San Rafael Regional Park

What If I Rent Out My Guesthouse Or Casita?
The rent you are charging would need to be equal to or less than the HUD median market rent in order to qualify for the 3% cap. The higher cap would apply unless it is a new property for this year, which does not have a cap.