My partner and I have been actively looking for various properties around the country for short term investment. One of the areas we landed on was near Yosemite National Park. We are looking to invest in a 3 bed / 4 bath home that can host 6/8 people. Ideally, we will within an hour's drive from Yosemite and few other local attractions. Fire risks aside, does anyone have experience owning/managing a property in the area and want to share their insights.
Hi Brian
When you average our slow season with busy season our occupancy has been about 32%. There is a lot of competition up here. We are in madera county and we just applied for a business license when we were ready to open. Even though our property was in pretty pristine condition I have to say there have been a lot of things arise and with the limited and spotty help to hire that has been a challenge. You definitely won't get a deal on any type of labor up here which has meant we do a lot of the work ourselves. Hiring for electrical work is almost always a month long wait, plumbing 2-3 weeks. Most contractors and licensed personnel are booked well in advance. So those have been my main challenges. We also love the area so that was our big motivation.
Hey Aileen! I have to agree with Judy with the 5+ bedrooms! She knows what she is doing! You can contact me for management of Short term rentals or any questions for startup at 559-395-3099!
Hello, I am remotely based but not far from Oakhurst area. Give me a call and let’s discuss some more when possible.
I’m not sure if you called me, was it a 925 number?
Hello Aileen, That will be a beautiful time in Yosemite! From what we've seen in our property management company, the smaller high end homes (1-2 bedrooms), and the larger (5+ bedrooms) are still doing really well, with 2023 numbers actually exceeding 2022 numbers. There happen to be a couple of homes with some good potential on the market right now. I would love to discuss your goals, and show you around if you are ready... Give me a call 559-797-6797.
Hi Judy, I just called you and left my phone number. Thank you
Hello Aileen, That will be a beautiful time in Yosemite! From what we've seen in our property management company, the smaller high end homes (1-2 bedrooms), and the larger (5+ bedrooms) are still doing really well, with 2023 numbers actually exceeding 2022 numbers. There happen to be a couple of homes with some good potential on the market right now. I would love to discuss your goals, and show you around if you are ready... Give me a call 559-797-6797.
@Dawn LaMattina Asher Here you go:
https://www.mariposacounty.org...
Then click on:
It's not the clearest...feel free to call if you have questions!
Hi Judy,
are there restrictions/hold on new str permit now ?
or is it still possible to get new permit , or what other near by cities/county might be good for str ?
Hello @Ron Singh,
I don't believe there are any new restrictions, and no holds on STR's in the area. The Southern entrance into Yosemite through Oakhurst is in Madera County, while the park itself, and the central entrance through Mariposa are in Mariposa County. So the two counties have different requirements. At this time, Mariposa is stricter with more inspections required. It's a complicated situation in Madera County right now and probably better suited to a phone conversation.
@Dawn LaMattina Asher Here you go:
https://www.mariposacounty.org...
Then click on:
It's not the clearest...feel free to call if you have questions!
Hi Judy,
are there restrictions/hold on new str permit now ?
or is it still possible to get new permit , or what other near by cities/county might be good for str ?
Hi Ron, I am also looking in the area and have been in touch with Judy, you can also give me a call to discuss. If you decide to move forward, I can definitely vouch for Judy as she has an knowledge for the area!
Hello @Ron Singh,
I don't believe there are any new restrictions, and no holds on STR's in the area. The Southern entrance into Yosemite through Oakhurst is in Madera County, while the park itself, and the central entrance through Mariposa are in Mariposa County. So the two counties have different requirements. At this time, Mariposa is stricter with more inspections required. It's a complicated situation in Madera County right now and probably better suited to a phone conversation.
@Judy Wensloff Sounds good, sent connection request
Do you suggest Meriposa or Oakhurst ? based on local str/rental rules
goal is long term hold and use for str/personnel use - vacation
prefer turn key condition or light update needed
Hello @Ron Singh,
I don't believe there are any new restrictions, and no holds on STR's in the area. The Southern entrance into Yosemite through Oakhurst is in Madera County, while the park itself, and the central entrance through Mariposa are in Mariposa County. So the two counties have different requirements. At this time, Mariposa is stricter with more inspections required. It's a complicated situation in Madera County right now and probably better suited to a phone conversation.
@Judy Wensloff Sounds good, sent connection request
Do you suggest Meriposa or Oakhurst ? based on local str/rental rules
goal is long term hold and use for str/personnel use - vacation
prefer turn key condition or light update needed
Hi Ron,
Mariposa county has a maximum occupancy of 10 guests per STR. So depending on the size of home you are purchasing, it can drastically alter your underwriting. We own in Madera County (20 minutes of Oakhurst) and have been under contract in Mariposa a month ago. Both have opportunity, but I would be selective with what you're looking for. Please reach out if you'd like to connect.
Hello @Ron Singh,
I don't believe there are any new restrictions, and no holds on STR's in the area. The Southern entrance into Yosemite through Oakhurst is in Madera County, while the park itself, and the central entrance through Mariposa are in Mariposa County. So the two counties have different requirements. At this time, Mariposa is stricter with more inspections required. It's a complicated situation in Madera County right now and probably better suited to a phone conversation.
@Judy Wensloff Sounds good, sent connection request
Do you suggest Meriposa or Oakhurst ? based on local str/rental rules
goal is long term hold and use for str/personnel use - vacation
prefer turn key condition or light update needed
Hi Ron,
Mariposa county has a maximum occupancy of 10 guests per STR. So depending on the size of home you are purchasing, it can drastically alter your underwriting. We own in Madera County (20 minutes of Oakhurst) and have been under contract in Mariposa a month ago. Both have opportunity, but I would be selective with what you're looking for. Please reach out if you'd like to connect.
Thanks @Cameron Masters
which location is good for both str and ltr(in case needed to convert later) ,so easy to find good ltr tenants,
also for str how much do you charge as a management fee ? do you manage airbnb listing too as a part of pm ?
if you know any existing str for sale currently, could you share details ?
Hello @Ron Singh,
I don't believe there are any new restrictions, and no holds on STR's in the area. The Southern entrance into Yosemite through Oakhurst is in Madera County, while the park itself, and the central entrance through Mariposa are in Mariposa County. So the two counties have different requirements. At this time, Mariposa is stricter with more inspections required. It's a complicated situation in Madera County right now and probably better suited to a phone conversation.
@Judy Wensloff Sounds good, sent connection request
Do you suggest Meriposa or Oakhurst ? based on local str/rental rules
goal is long term hold and use for str/personnel use - vacation
prefer turn key condition or light update needed
Hi Ron,
Mariposa county has a maximum occupancy of 10 guests per STR. So depending on the size of home you are purchasing, it can drastically alter your underwriting. We own in Madera County (20 minutes of Oakhurst) and have been under contract in Mariposa a month ago. Both have opportunity, but I would be selective with what you're looking for. Please reach out if you'd like to connect.
Thanks @Cameron Masters
which location is good for both str and ltr(in case needed to convert later) ,so easy to find good ltr tenants,
also for str how much do you charge as a management fee ? do you manage airbnb listing too as a part of pm ?
if you know any existing str for sale currently, could you share details ?
That I am unsure about. I do not rent any long term markets in that area. Judy is a great resource and could provide more information on which areas have greater long term rental demand.
I'll send you a message and we can chat about what I charge and what kind of properties you are looking for.
Thanks @Cameron Masters! Hey Ron, overall the ZLTR potential is about the same in either area. Probably the main difference between STR and LTR here, is that it's more important to have a garage for a LTR in either area. Please reach out if you want to discuss more specifics. Both Mariposa and Oakhurst cover large areas, so of course there are many nuances within each area.