For "hacker short-term bedroom rentals", I wonder how much of a premium the market puts on transit access (or being in downtown PA/MV).
I've been looking in Menlo Park (North Fair Oaks), and assuming buying a 2/1 with 1/1 detached studio could get $50/night or so for the 1/1, if set up properly. But NFO doesn't have great transit.
To be clear, I think the price ($40 / night) is a decent. Cheap enough for most, particularly given the flexibility. Enough money for the landlord (my guess is they can easily pull in $5 - $8 k / mo) to provide decent services. I would like to see more competition ... e.g. include use of laundry, breakfast, etc.