I'm looking to buy a STR property up in Big Bear. It's somewhere we would like to use when not rented out. I'm curious to know if there is a big difference between city vs lake for STR yields. The home prices are pretty high right now but city is relatively cheaper.
Big Bear Lake typically rents better. Big Bear Lake goes off of city guidelines, where Big Bear City goes off of San Bernardino guidelines. I like Moonridge, it’s almost split right between Big Bear Lake and Big Bear City so you can go with whichever fits your criteria.
Prices are high now and the market is pretty saturated with STR's, so I would wait, or possibly search other markets.
Big Bear Lake typically rents better. Big Bear Lake goes off of city guidelines, where Big Bear City goes off of San Bernardino guidelines. I like Moonridge, it’s almost split right between Big Bear Lake and Big Bear City so you can go with whichever fits your criteria.
Prices are high now and the market is pretty saturated with STR's, so I would wait, or possibly search other markets.
Hi there, I am an agent in the Big Bear area. Big Bear Lake is definitely the more popular of the two areas for vacationers. Prices tend to be a bit lower in the Big Bear City area because you're farther from the " attractions". In my opinion it is still a good market to get into despite the higher prices. Even with the amount of STR's we have here there are still people having trouble finding a place to stay. Finding a good agent and property manager who can run the numbers for you will help find a property that will cash flow. Let me know if I can help in any way!
Hi there, I am an agent in the Big Bear area. Big Bear Lake is definitely the more popular of the two areas for vacationers. Prices tend to be a bit lower in the Big Bear City area because you're farther from the " attractions". In my opinion it is still a good market to get into despite the higher prices. Even with the amount of STR's we have here there are still people having trouble finding a place to stay. Finding a good agent and property manager who can run the numbers for you will help find a property that will cash flow. Let me know if I can help in any way!
Hi there, I am an agent in the Big Bear area. Big Bear Lake is definitely the more popular of the two areas for vacationers. Prices tend to be a bit lower in the Big Bear City area because you're farther from the " attractions". In my opinion it is still a good market to get into despite the higher prices. Even with the amount of STR's we have here there are still people having trouble finding a place to stay. Finding a good agent and property manager who can run the numbers for you will help find a property that will cash flow. Let me know if I can help in any way!
How much are STR managers charging currently?
Hi Gabe, STR Managing fees can vary. Typically anywhere between 6-12%. We were being charged 10% on our STR, they supplied all linen and cleaning.
Hi there, I am an agent in the Big Bear area. Big Bear Lake is definitely the more popular of the two areas for vacationers. Prices tend to be a bit lower in the Big Bear City area because you're farther from the " attractions". In my opinion it is still a good market to get into despite the higher prices. Even with the amount of STR's we have here there are still people having trouble finding a place to stay. Finding a good agent and property manager who can run the numbers for you will help find a property that will cash flow. Let me know if I can help in any way!
How much are STR managers charging currently?
Hi Gabe, STR Managing fees can vary. Typically anywhere between 6-12%. We were being charged 10% on our STR, they supplied all linen and cleaning.
Man that doesn't seem too bad. I thought I read somewhere they were charging over 20% a few years ago